Security National Financial (NASDAQ:SNFCA) Announces Earnings Results

Security National Financial (NASDAQ:SNFCA) announced its quarterly earnings results on Monday. The credit services provider reported $0.27 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $79.73 million for the quarter. Security National Financial had a net margin of 10.19% and a return on equity of 9.24%.

Security National Financial Price Performance

Shares of NASDAQ:SNFCA traded down $0.24 during trading on Wednesday, hitting $9.39. The company’s stock had a trading volume of 4,109 shares, compared to its average volume of 33,271. The company has a 50-day moving average of $9.47 and a 200-day moving average of $8.98. Security National Financial has a 12 month low of $7.70 and a 12 month high of $10.48. The firm has a market cap of $244.33 million, a price-to-earnings ratio of 6.90 and a beta of 0.72.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Security National Financial from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Security National Financial in a research note on Monday, April 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Insider Buying and Selling at Security National Financial

In other Security National Financial news, Director Gilbert A. Fuller sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $9.45, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Security National Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in Security National Financial by 306.8% during the 2nd 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 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 3rd quarter worth approximately $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Security National Financial during the 2nd quarter worth approximately $79,000. MetLife Investment Management LLC bought a new stake in Security National Financial during the 4th quarter worth approximately $85,000. Finally, New York State Common Retirement Fund bought a new stake in Security National Financial during the 2nd quarter worth approximately $104,000. 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.