Security National Financial (NASDAQ:SNFCA) Shares Pass Below 200 Day Moving Average – Here’s Why

Security National Financial Corporation (NASDAQ:SNFCA) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.06 and traded as low as $8.60. Security National Financial shares last traded at $8.60, with a volume of 107,528 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on SNFCA. Weiss Ratings raised Security National Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of Security National Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Security National Financial presently has an average rating of “Buy”.

Security National Financial Trading Up 3.0%

The business’s fifty day moving average price is $9.37 and its 200 day moving average price is $9.06. The firm has a market capitalization of $241.60 million, a price-to-earnings ratio of 6.33 and a beta of 0.70.

Security National Financial (NASDAQ:SNFCA) last issued its quarterly earnings results on Monday, August 10th. The credit services provider reported $0.33 earnings per share for the quarter. Security National Financial had a net margin of 11.10% and a return on equity of 9.13%. The firm had revenue of $83.93 million during the quarter.

Institutional Investors Weigh In On Security National Financial

Several hedge funds have recently made changes to their positions in the business. Invesco Ltd. raised its position in Security National Financial by 7.8% during the 4th quarter. Invesco Ltd. now owns 16,973 shares of the credit services provider’s stock worth $153,000 after buying an additional 1,221 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Security National Financial by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 37,257 shares of the credit services provider’s stock valued at $353,000 after acquiring an additional 1,531 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Security National Financial by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 15,661 shares of the credit services provider’s stock valued at $136,000 after acquiring an additional 1,680 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Security National Financial by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 467,818 shares of the credit services provider’s stock worth $4,608,000 after acquiring an additional 1,746 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Security National Financial by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 767,946 shares of the credit services provider’s stock worth $6,920,000 after acquiring an additional 2,117 shares during the period. Institutional investors and hedge funds own 45.58% of the company’s stock.

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.