Security National Financial (NASDAQ:SNFCA) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Security National Financial Corporation (NASDAQ:SNFCA)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.08 and traded as low as $8.76. Security National Financial shares last traded at $8.82, with a volume of 30,073 shares.

Analyst Ratings Changes

SNFCA has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Security National Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Security National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Security National Financial currently has a consensus rating of “Hold”.

Security National Financial Stock Up 0.2%

The firm has a 50 day simple moving average of $9.30 and a two-hundred day simple moving average of $9.08. The stock has a market capitalization of $243.55 million, a P/E ratio of 6.41 and a beta of 0.68.

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 (EPS) for the quarter. The company had revenue of $83.93 million for the quarter. Security National Financial had a return on equity of 9.13% and a net margin of 11.10%.

Institutional Trading of Security National Financial

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of Security National Financial by 142.3% in the second quarter. California State Teachers Retirement System now owns 2,132 shares of the credit services provider’s stock valued at $220,000 after buying an additional 1,252 shares during the period. Empowered Funds LLC grew its holdings in Security National Financial by 10.2% during the 1st quarter. Empowered Funds LLC now owns 90,859 shares of the credit services provider’s stock worth $861,000 after acquiring an additional 8,389 shares during the last quarter. Bank of America Corp DE increased its position in Security National Financial by 12.3% in the 1st quarter. Bank of America Corp DE now owns 20,493 shares of the credit services provider’s stock valued at $194,000 after acquiring an additional 2,238 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Security National Financial by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 793,553 shares of the credit services provider’s stock valued at $7,523,000 after acquiring an additional 25,607 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Security National Financial by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 37,257 shares of the credit services provider’s stock worth $353,000 after purchasing an additional 1,531 shares during the period. 45.58% of the stock is owned by institutional investors and hedge funds.

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.