Security National Financial (NASDAQ:SNFCA) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of Security National Financial Corporation (NASDAQ:SNFCA) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.95 and traded as high as $9.12. Security National Financial shares last traded at $8.93, with a volume of 21,123 shares trading hands.

Wall Street Analyst Weigh In

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

Security National Financial Price Performance

The company has a market cap of $232.09 million, a PE ratio of 12.21 and a beta of 0.75. The business has a fifty day simple moving average of $8.95 and a two-hundred day simple moving average of $8.68.

Institutional Investors Weigh In On Security National Financial

A number of institutional investors have recently added to or reduced their stakes in SNFCA. Invesco Ltd. grew its stake in Security National Financial by 7.8% in the fourth quarter. Invesco Ltd. now owns 16,973 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 1,221 shares during the last quarter. Veradace Capital Management LLC bought a new position in Security National Financial in the fourth quarter worth about $3,181,000. EP Wealth Advisors LLC purchased a new stake in shares of Security National Financial during the fourth quarter valued at about $575,000. Empowered Funds LLC lifted its position in shares of Security National Financial by 11.7% during the fourth quarter. Empowered Funds LLC now owns 82,470 shares of the credit services provider’s stock valued at $743,000 after buying an additional 8,651 shares during the last quarter. Finally, Verdad Advisers LP bought a new stake in shares of Security National Financial in the 4th quarter valued at about $728,000. Institutional investors 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.