Security National Financial (NASDAQ:SNFCA) Issues Quarterly Earnings Results

Security National Financial (NASDAQ:SNFCA) posted its quarterly earnings results on Monday. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $83.93 million for the quarter. Security National Financial had a net margin of 10.19% and a return on equity of 8.95%.

Security National Financial Price Performance

NASDAQ SNFCA traded down $0.27 during trading hours on Monday, reaching $9.38. 14,109 shares of the company’s stock traded hands, compared to its average volume of 34,888. Security National Financial has a 52-week low of $7.33 and a 52-week high of $10.23. The firm has a 50-day simple moving average of $9.35 and a 200 day simple moving average of $9.03. The firm has a market cap of $256.31 million, a PE ratio of 7.24 and a beta of 0.70.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SNFCA shares. Weiss Ratings upgraded Security National Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Wall Street Zen lowered Security National Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Institutional Trading of Security National Financial

Hedge funds have recently made changes to their positions in the stock. Veradace Capital Management LLC purchased a new position in shares of Security National Financial in the 4th quarter worth about $3,181,000. Geode Capital Management LLC increased its position in shares of Security National Financial by 134.4% during the second quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider’s stock valued at $3,041,000 after acquiring an additional 176,996 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Security National Financial by 1,404.7% in the 2nd quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider’s stock worth $1,494,000 after acquiring an additional 141,607 shares during the last quarter. Ameriprise Financial Inc. lifted its position in 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 in the last quarter. Finally, Verdad Advisers LP purchased a new stake in Security National Financial during the 4th quarter valued at $728,000. 45.58% of the stock is owned by institutional investors.

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.