Security National Financial (NASDAQ:SNFCA) Issues Earnings Results

Security National Financial (NASDAQ:SNFCA) announced its earnings results on Monday. The credit services provider reported $0.33 EPS for the quarter, Zacks reports. Security National Financial had a return on equity of 9.31% and a net margin of 11.10%.The firm had revenue of $83.93 million during the quarter.

Security National Financial Stock Performance

NASDAQ SNFCA opened at $9.31 on Wednesday. The company has a market cap of $254.54 million, a PE ratio of 6.71 and a beta of 0.70. Security National Financial has a 52-week low of $7.33 and a 52-week high of $10.23. The firm’s 50 day moving average price is $9.36 and its 200-day moving average price is $9.04.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SNFCA. Wall Street Zen downgraded shares of Security National Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised Security National Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Institutional Investors Weigh In On Security National Financial

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. raised its holdings 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 worth $153,000 after purchasing an additional 1,221 shares in the last quarter. Veradace Capital Management LLC purchased a new stake in Security National Financial during the fourth quarter valued at approximately $3,181,000. EP Wealth Advisors LLC purchased a new stake in Security National Financial during the fourth quarter valued at approximately $575,000. Empowered Funds LLC grew its holdings in Security National Financial by 11.7% in the fourth quarter. Empowered Funds LLC now owns 82,470 shares of the credit services provider’s stock worth $743,000 after purchasing an additional 8,651 shares during the last quarter. Finally, Verdad Advisers LP acquired a new position in shares of Security National Financial during the fourth quarter worth $728,000. 45.58% of the stock is currently owned by hedge funds and other institutional investors.

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.