Security National Financial (NASDAQ:SNFCA) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• Security National Financial (SNFCA) recently crossed above its 50-day moving average
• Analyst sentiment is mixed with an average rating of Hold (Weiss reiterated Hold while Wall Street Zen upgraded to Buy), and insiders sold 10,000 shares on April 7 (insiders own 13% while institutions hold about 45.6% of the stock).
• Fundamentals show a market cap of roughly $251.9 million, a low P/E of 7.67, and the most recent quarter reported EPS of $0.53 on $82.98 million in revenue (net margin 9.33%, ROE 8.71%).

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.21 and traded as high as $9.73. Security National Financial shares last traded at $9.68, with a volume of 13,637 shares.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SNFCA. Weiss Ratings restated a "hold (c)" rating on shares of Security National Financial in a report on Monday, December 29th. Wall Street Zen upgraded shares of Security National Financial from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Security National Financial has an average rating of "Hold".

Security National Financial Trading Up 0.4%

The company's fifty day moving average is $9.21 and its two-hundred day moving average is $8.80. The stock has a market cap of $251.87 million, a price-to-earnings ratio of 7.67 and a beta of 0.70.

Security National Financial (NASDAQ:SNFCA - Get Free Report) last posted its earnings results on Monday, March 16th. The credit services provider reported $0.53 earnings per share for the quarter. Security National Financial had a net margin of 9.33% and a return on equity of 8.71%. The firm had revenue of $82.98 million during the quarter.

Insiders Place Their Bets

In related news, Director Gilbert A. Fuller sold 10,000 shares of Security National Financial stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $9.45, for a total value of $94,500.00. Following the completion of the sale, the director owned 31,973 shares in the company, valued at approximately $302,144.85. This trade represents a 23.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.00% of the company's stock.

Hedge Funds Weigh In On Security National Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNFCA. Veradace Capital Management LLC purchased a new position in Security National Financial in the 4th quarter valued at approximately $3,181,000. Geode Capital Management LLC boosted its position in Security National Financial by 134.4% in the 2nd quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider's stock valued at $3,041,000 after buying an additional 176,996 shares during the period. Raymond James Financial Inc. boosted its position in Security National Financial by 1,404.7% in the 2nd quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider's stock valued at $1,494,000 after buying an additional 141,607 shares during the period. M3F Inc. boosted its position in Security National Financial by 5.2% in the 3rd quarter. M3F Inc. now owns 2,233,648 shares of the credit services provider's stock valued at $19,366,000 after buying an additional 111,223 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Security National Financial by 21.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 569,295 shares of the credit services provider's stock valued at $4,936,000 after buying an additional 101,477 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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