Security National Financial (NASDAQ:SNFCA) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Security National Financial Corporation (NASDAQ:SNFCA) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.58 and traded as high as $9.68. Security National Financial shares last traded at $9.44, with a volume of 23,713 shares trading hands.

Analyst Ratings Changes

SNFCA has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Security National Financial in a report on Monday, April 27th. Wall Street Zen downgraded Security National Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Security National Financial Stock Performance

The stock’s 50-day moving average price is $9.58 and its 200-day moving average price is $9.23. The company has a market capitalization of $245.82 million, a price-to-earnings ratio of 6.94 and a beta of 0.70.

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

Insider Activity

In related news, Director Gilbert A. Fuller sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $9.45, for a total value of $94,500.00. Following the sale, the director directly owned 31,973 shares in the company, valued at $302,144.85. The trade was a 23.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Security National Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in shares of Security National Financial by 306.8% in the second quarter. BNP Paribas Financial Markets now owns 2,831 shares of the credit services provider’s stock valued at $28,000 after purchasing an additional 2,135 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Security National Financial during the 3rd quarter worth approximately $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Security National Financial in the 2nd quarter valued at approximately $79,000. MetLife Investment Management LLC purchased a new stake in Security National Financial in the 4th quarter valued at approximately $85,000. Finally, New York State Common Retirement Fund acquired a new stake in Security National Financial during the 2nd quarter valued at $104,000. Institutional investors and hedge funds own 45.58% of the company’s stock.

About Security National Financial

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.