Security National Financial (NASDAQ:SNFCA) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Security National Financial Corporation (NASDAQ:SNFCAGet Free Report) crossed 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SNFCA shares. Wall Street Zen lowered shares of Security National Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated 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 currently has a consensus rating of “Hold”.

Get Our Latest Report on Security National Financial

Security National Financial Trading Up 0.3%

The company has a market capitalization of $251.29 million, a P/E ratio of 7.10 and a beta of 0.70. The company’s fifty day moving average is $9.58 and its 200 day moving average is $9.25.

Security National Financial (NASDAQ:SNFCAGet Free Report) last released its quarterly earnings data on Monday, May 11th. The credit services provider reported $0.27 earnings per share (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 for the quarter.

Insider Activity

In related news, Director Gilbert A. Fuller sold 10,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $9.45, for a total value of $94,500.00. Following the sale, the director owned 31,973 shares in the company, valued at approximately $302,144.85. This trade represents a 23.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 15.00% of the company’s stock.

Institutional Investors Weigh In On Security National Financial

Several hedge funds have recently bought and sold shares of SNFCA. M3F Inc. lifted its stake in Security National Financial by 5.2% during the third quarter. M3F Inc. now owns 2,233,648 shares of the credit services provider’s stock worth $19,366,000 after purchasing an additional 111,223 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Security National Financial by 8.8% during the third quarter. Vanguard Group Inc. now owns 812,691 shares of the credit services provider’s stock valued at $7,046,000 after buying an additional 65,706 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Security National Financial by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 793,553 shares of the credit services provider’s stock worth $7,523,000 after buying an additional 25,607 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Security National Financial by 21.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 569,295 shares of the credit services provider’s stock valued at $4,936,000 after acquiring an additional 101,477 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Security National Financial by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 373,742 shares of the credit services provider’s stock valued at $3,368,000 after acquiring an additional 14,790 shares during the last quarter. 45.58% of the stock is currently owned by institutional investors.

Security National Financial Company Profile

(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.

Read More

Receive News & Ratings for Security National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Security National Financial and related companies with MarketBeat.com's FREE daily email newsletter.