M3F Inc. Grows Holdings in Security National Financial Corporation $SNFCA

M3F Inc. lifted its holdings in shares of Security National Financial Corporation (NASDAQ:SNFCA) by 5.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,233,648 shares of the credit services provider’s stock after purchasing an additional 111,223 shares during the period. Security National Financial makes up approximately 5.5% of M3F Inc.’s investment portfolio, making the stock its 8th biggest holding. M3F Inc. owned about 0.09% of Security National Financial worth $19,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in Security National Financial by 86.1% during the 2nd quarter. Bank of America Corp DE now owns 11,664 shares of the credit services provider’s stock valued at $115,000 after purchasing an additional 5,398 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Security National Financial by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 467,818 shares of the credit services provider’s stock valued at $4,608,000 after purchasing an additional 1,746 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Security National Financial by 1,404.7% during the second quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider’s stock valued at $1,494,000 after buying an additional 141,607 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Security National Financial during the second quarter valued at approximately $79,000. Finally, Marshall Wace LLP grew its holdings in Security National Financial by 33.7% during the second quarter. Marshall Wace LLP now owns 28,735 shares of the credit services provider’s stock worth $283,000 after buying an additional 7,243 shares in the last quarter. Institutional investors and hedge funds own 45.58% of the company’s stock.

Security National Financial Trading Down 1.6%

Shares of SNFCA opened at $9.06 on Friday. The stock has a 50 day moving average of $8.94 and a 200 day moving average of $8.66. The company has a market capitalization of $235.47 million, a price-to-earnings ratio of 12.39 and a beta of 0.76. Security National Financial Corporation has a 12 month low of $7.32 and a 12 month high of $12.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Security National Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.