Security National Financial Stock Set to Split on Friday, July 10th (NASDAQ:SNFCA)

Security National Financial Corporation (NASDAQ:SNFCA)’s stock is going to split before the market opens on Friday, July 10th. The 1.05-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Thursday, July 9th.

Security National Financial Stock Up 1.0%

Shares of NASDAQ:SNFCA opened at $9.79 on Thursday. Security National Financial has a 12-month low of $7.70 and a 12-month high of $10.14. The stock has a market cap of $254.93 million, a PE ratio of 7.20 and a beta of 0.70. The business has a 50 day moving average of $9.58 and a 200-day moving average of $9.28.

Security National Financial (NASDAQ:SNFCA) last posted its earnings results on Monday, May 11th. The credit services provider reported $0.27 EPS for the quarter. Security National Financial had a return on equity of 8.95% and a net margin of 10.19%.The company had revenue of $79.73 million for the quarter.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Security National Financial in a report on Monday, April 27th. Wall Street Zen cut Security National Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Insiders Place Their Bets

In other news, Director Gilbert A. Fuller sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $9.45, for a total transaction of $94,500.00. Following the completion of the sale, the director directly owned 31,973 shares in the company, valued at approximately $302,144.85. This represents a 23.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SNFCA. Invesco Ltd. lifted its position in Security National Financial by 7.8% during the fourth quarter. Invesco Ltd. now owns 16,973 shares of the credit services provider’s stock worth $153,000 after purchasing an additional 1,221 shares during the period. Lunt Capital Management Inc. increased its holdings in Security National Financial by 9.0% in the 3rd quarter. Lunt Capital Management Inc. now owns 17,972 shares of the credit services provider’s stock valued at $156,000 after buying an additional 1,483 shares during the period. Bank of New York Mellon Corp increased its holdings in Security National Financial by 4.3% in the 1st quarter. Bank of New York Mellon Corp now owns 37,257 shares of the credit services provider’s stock valued at $353,000 after buying an additional 1,531 shares during the period. JPMorgan Chase & Co. increased its holdings in Security National Financial by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,661 shares of the credit services provider’s stock valued at $136,000 after buying an additional 1,680 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Security National Financial by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 467,818 shares of the credit services provider’s stock valued at $4,608,000 after buying an additional 1,746 shares in the last quarter. Institutional investors and hedge funds own 45.58% of the company’s stock.

Security National Financial Company Profile

Security National Financial Corp. is a diversified provider of mortgage lending, settlement and technology services under the NASDAQ ticker SNFCA. Through its primary subsidiaries—Security National Mortgage Company and Titan Lenders Corp—the company originates and funds residential mortgage loans across retail, wholesale and correspondent channels. Its platform supports a full range of loan products, including conventional, government-insured and jumbo financing tailored to homebuyers and investors.

Established in 1989, Security National Mortgage Company operates a nationwide branch network in all 50 states, offering local origination backed by centralized underwriting and closing services.