Security National Financial (NASDAQ:SNFCA) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Security National Financial Corporation (NASDAQ:SNFCA) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.59 and traded as high as $9.85. Security National Financial shares last traded at $9.69, with a volume of 27,577 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SNFCA. Wall Street Zen cut Security National Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised Security National Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Security National Financial Price Performance

The firm has a market cap of $253.11 million, a P/E ratio of 7.15 and a beta of 0.70. The firm’s 50 day moving average is $9.58 and its 200 day moving average is $9.29.

Shares of Security National Financial are scheduled to split before the market opens on Friday, July 10th. The 1.05-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Thursday, July 9th.

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

Insiders Place Their Bets

In other Security National Financial news, Director Gilbert A. Fuller sold 10,000 shares of Security National Financial 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 transaction, the director owned 31,973 shares in the company, valued at approximately $302,144.85. The trade was a 23.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Security National Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of Security National Financial by 7.8% in the 4th 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 last quarter. Lunt Capital Management Inc. grew its position in Security National Financial by 9.0% during the 3rd quarter. Lunt Capital Management Inc. now owns 17,972 shares of the credit services provider’s stock valued at $156,000 after purchasing an additional 1,483 shares during the last quarter. Bank of New York Mellon Corp grew its position in Security National Financial by 4.3% during 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 purchasing an additional 1,531 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Security National Financial by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,661 shares of the credit services provider’s stock valued at $136,000 after purchasing an additional 1,680 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Security National Financial by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 467,818 shares of the credit services provider’s stock valued at $4,608,000 after purchasing an additional 1,746 shares in the last quarter. 45.58% of the stock is currently owned by institutional investors.

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.