Security National Financial (NASDAQ:SNFCA) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• Security National Financial shares fell below their 200-day moving average, trading as low as $8.60 versus the $9.06 average, with shares down 7.3%.
• The company reported quarterly EPS of $0.33 on $83.93 million in revenue, with an 11.10% net margin and 9.13% return on equity.
• Analyst sentiment remains moderately positive, with an average “Buy” rating, while institutional investors increased holdings; institutions own 45.58% of the stock.

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.06 and traded as low as $8.60. Security National Financial shares last traded at $8.60, with a volume of 107,528 shares.

Analyst Ratings Changes

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

Security National Financial Trading Down 7.3%

The company's fifty day moving average is $9.38 and its 200 day moving average is $9.06. The company has a market cap of $235.47 million, a P/E ratio of 6.20 and a beta of 0.70.

Security National Financial (NASDAQ:SNFCA - Get Free Report) last issued its earnings results on Monday, August 10th. The credit services provider reported $0.33 EPS for the quarter. The company had revenue of $83.93 million for the quarter. Security National Financial had a net margin of 11.10% and a return on equity of 9.13%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC boosted its holdings in Security National Financial by 48.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 10,679 shares of the credit services provider's stock valued at $129,000 after acquiring an additional 3,462 shares during the period. Goldman Sachs Group Inc. grew its position in Security National Financial by 36.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 93,796 shares of the credit services provider's stock worth $1,135,000 after acquiring an additional 25,020 shares during the last quarter. Empowered Funds LLC grew its position in Security National Financial by 8.1% during the 1st quarter. Empowered Funds LLC now owns 56,652 shares of the credit services provider's stock worth $685,000 after acquiring an additional 4,250 shares during the last quarter. Acadian Asset Management LLC increased its stake in Security National Financial by 303.0% in the 1st quarter. Acadian Asset Management LLC now owns 58,081 shares of the credit services provider's stock worth $701,000 after purchasing an additional 43,670 shares during the period. Finally, Geode Capital Management LLC increased its stake 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 worth $3,041,000 after purchasing an additional 176,996 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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