Wall Street Zen Downgrades Security National Financial (NASDAQ:SNFCA) to Hold

Security National Financial (NASDAQ:SNFCAGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Security National Financial in a report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Security National Financial

Security National Financial Price Performance

Shares of SNFCA opened at $9.22 on Friday. Security National Financial has a one year low of $7.70 and a one year high of $10.48. The firm has a market capitalization of $239.90 million, a P/E ratio of 6.78 and a beta of 0.72. The business has a fifty day moving average of $9.47 and a 200 day moving average of $9.00.

Security National Financial (NASDAQ:SNFCAGet Free Report) last issued its quarterly earnings data 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 during the quarter.

Insider Transactions at Security National Financial

In other Security National Financial news, Director Gilbert A. Fuller sold 10,000 shares of the business’s stock in a transaction dated 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 owned 31,973 shares of the company’s stock, valued at approximately $302,144.85. The trade was a 23.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 15.00% of the company’s stock.

Institutional Trading of Security National Financial

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in Security National Financial by 306.8% during 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Security National Financial during the third quarter valued at about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Security National Financial during the second quarter valued at about $79,000. MetLife Investment Management LLC bought a new stake in Security National Financial during the fourth quarter valued at about $85,000. Finally, New York State Common Retirement Fund bought a new stake in Security National Financial during the second quarter valued at about $104,000. Institutional investors own 45.58% of the company’s stock.

About Security National Financial

(Get Free Report)

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.

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