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

Key Points

• Security National Financial reported quarterly EPS of $0.33, alongside a 10.19% net margin and 8.95% return on equity.
• SNFCA shares fell $0.26 to $9.38 in midday trading, with a market capitalization of $256.34 million and a price-to-earnings ratio of 7.21.
• Analyst sentiment remains positive overall, with MarketBeat showing an average “Buy” rating, while institutional investors own 45.58% of the company.

Security National Financial (NASDAQ:SNFCA - Get Free Report) posted its quarterly earnings data on Monday. The credit services provider reported $0.33 earnings per share for the quarter, Zacks reports. Security National Financial had a net margin of 10.19% and a return on equity of 8.95%.

Security National Financial Stock Performance

NASDAQ:SNFCA traded down $0.26 during midday trading on Monday, reaching $9.38. 9,508 shares of the stock traded hands, compared to its average volume of 34,888. The business has a 50-day moving average of $9.35 and a two-hundred day moving average of $9.03. The stock has a market capitalization of $256.34 million, a PE ratio of 7.21 and a beta of 0.70. Security National Financial has a 12-month low of $7.33 and a 12-month high of $10.23.

Analysts Set New Price Targets

A number of research firms have weighed in on SNFCA. Wall Street Zen lowered Security National Financial from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Security National Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy".

Hedge Funds Weigh In On Security National Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Security National Financial by 8.8% in the third quarter. Vanguard Group Inc. now owns 812,691 shares of the credit services provider's stock valued at $7,046,000 after purchasing an additional 65,706 shares during the period. Dimensional Fund Advisors LP increased its position in Security National Financial by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 767,946 shares of the credit services provider's stock valued at $6,920,000 after acquiring an additional 2,117 shares during the period. Ameriprise Financial Inc. raised its stake in Security National Financial by 21.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 569,295 shares of the credit services provider's stock valued at $4,936,000 after acquiring an additional 101,477 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Security National Financial by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 373,742 shares of the credit services provider's stock valued at $3,368,000 after purchasing an additional 14,790 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Security National Financial by 7.6% in the third quarter. Bridgeway Capital Management LLC now owns 362,408 shares of the credit services provider's stock valued at $3,142,000 after purchasing an additional 25,704 shares during the period. Hedge funds and other 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.

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