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

Security National Financial (NASDAQ:SNFCA) released its quarterly earnings data on Monday. The credit services provider reported $0.27 earnings per share for the quarter, FiscalAI reports. Security National Financial had a return on equity of 8.71% and a net margin of 9.33%.The firm had revenue of $79.73 million during the quarter.

Security National Financial Price Performance

Security National Financial stock traded down $0.32 during mid-day trading on Monday, hitting $9.56. 8,718 shares of the company were exchanged, compared to its average volume of 33,615. The business’s 50 day simple moving average is $9.44 and its two-hundred day simple moving average is $8.95. The company has a market capitalization of $248.62 million, a P/E ratio of 7.57 and a beta of 0.72. Security National Financial has a 12-month low of $7.70 and a 12-month high of $10.48.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Security National Financial in a research note on Monday, April 27th. Wall Street Zen raised Security National Financial from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Security National Financial has an average rating of “Hold”.

Insiders Place Their Bets

In other Security National Financial news, Director Gilbert A. Fuller sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $9.45, for a total transaction of $94,500.00. Following the completion of the transaction, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 13.00% of the company’s stock.

Hedge Funds Weigh In On Security National Financial

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in shares of Security National Financial by 306.8% during the second quarter. BNP Paribas Financial Markets now owns 2,831 shares of the credit services provider’s stock worth $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 acquired a new position in Security National Financial in the third quarter valued at $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Security National Financial in the second quarter valued at $79,000. MetLife Investment Management LLC acquired a new position in Security National Financial in the fourth quarter valued at $85,000. Finally, New York State Common Retirement Fund acquired a new position in Security National Financial in the second quarter valued at $104,000. Hedge funds and other 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.