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

Security National Financial (NASDAQ:SNFCA) released its earnings results on Monday. The credit services provider reported $0.33 earnings per share for the quarter, Zacks reports. Security National Financial had a return on equity of 8.95% and a net margin of 10.19%.

Security National Financial Stock Performance

Shares of SNFCA traded down $0.26 during mid-day trading on Monday, hitting $9.38. The company’s stock had a trading volume of 9,508 shares, compared to its average volume of 34,888. The firm has a market capitalization of $256.34 million, a PE ratio of 7.21 and a beta of 0.70. The stock’s 50-day moving average is $9.35 and its two-hundred day moving average is $9.03. Security National Financial has a one year low of $7.33 and a one year high of $10.23.

Institutional Trading of Security National Financial

Several institutional investors have recently made changes to their positions in SNFCA. BNP Paribas Financial Markets increased its holdings 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 worth $28,000 after acquiring an additional 2,135 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Security National Financial during the third quarter worth $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Security National Financial in the second quarter valued at $79,000. MetLife Investment Management LLC bought a new position in Security National Financial in the fourth quarter valued at $85,000. Finally, New York State Common Retirement Fund acquired a new stake in Security National Financial in the 2nd quarter valued at $104,000. 45.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNFCA has been the topic of a number of recent research reports. Wall Street Zen downgraded Security National Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Security National Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Security National Financial currently has an average rating of “Buy”.

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.