Security National Financial (NASDAQ:SNFCA) Stock Passes Above Fifty Day Moving Average – Should You Sell?
by Scott Moore · The Cerbat GemSecurity National Financial Corporation (NASDAQ:SNFCA – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.30 and traded as high as $9.92. Security National Financial shares last traded at $9.85, with a volume of 23,125 shares changing hands.
Analysts Set New Price Targets
SNFCA has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Security National Financial in a report on Monday, December 29th. Wall Street Zen upgraded Security National Financial from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.
View Our Latest Stock Report on SNFCA
Security National Financial Stock Up 0.5%
The stock has a market cap of $257.60 million, a PE ratio of 7.85 and a beta of 0.70. The firm has a 50-day simple moving average of $9.32 and a 200-day simple moving average of $8.86.
Security National Financial (NASDAQ:SNFCA – Get Free Report) last posted its earnings results on Monday, March 16th. The credit services provider reported $0.53 earnings per share (EPS) for the quarter. Security National Financial had a return on equity of 8.71% and a net margin of 9.33%.The firm had revenue of $82.98 million for the quarter.
Insider Activity
In other news, Director Gilbert A. Fuller sold 10,000 shares of the firm’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 transaction, the director directly owned 31,973 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.00% of the company’s stock.
Institutional Trading of Security National Financial
Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted 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 valued at $28,000 after purchasing an additional 2,135 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Security National Financial during the 3rd quarter valued at $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Security National Financial in the 2nd quarter worth $79,000. MetLife Investment Management LLC purchased a new stake in shares of Security National Financial in the 4th quarter worth $85,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Security National Financial in the 2nd quarter worth $104,000. 45.58% of the stock is 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.