Security National Financial (NASDAQ:SNFCA) Posts Quarterly Earnings Results

Security National Financial (NASDAQ:SNFCA) announced its quarterly earnings data on Monday. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $82.98 million for the quarter. Security National Financial had a return on equity of 5.30% and a net margin of 5.46%.

Security National Financial Trading Up 8.0%

SNFCA stock opened at $9.22 on Tuesday. The stock has a market capitalization of $239.63 million, a price-to-earnings ratio of 12.61 and a beta of 0.75. The firm’s 50-day moving average price is $8.93 and its two-hundred day moving average price is $8.68. Security National Financial has a 12-month low of $7.32 and a 12-month high of $12.38.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Security National Financial in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Security National Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in Security National Financial by 7.8% during the 4th quarter. Invesco Ltd. now owns 16,973 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 1,221 shares during the period. Lunt Capital Management Inc. raised 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 worth $156,000 after purchasing an additional 1,483 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 worth $136,000 after purchasing an additional 1,680 shares during the period. Ameriprise Financial Inc. lifted 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 worth $4,608,000 after purchasing an additional 1,746 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in shares of Security National Financial by 5.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 39,291 shares of the credit services provider’s stock valued at $341,000 after purchasing an additional 1,871 shares in the last quarter. Hedge funds and other institutional investors 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.