Security National Financial (NASDAQ:SNFCA) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Security National Financial (SNFCA) from a "hold" to a "buy" on Saturday, while Weiss Ratings reiterated a "hold (c)" and MarketBeat's consensus remains "Hold."
• SNFCA opened at $9.48 with a market cap of $246.4M and a P/E of 7.52; it last reported $0.53 EPS on $82.98M in revenue, with a 9.33% net margin and 8.71% return on equity.
• Several institutions (including Veradace, Geode, Raymond James, M3F and Ameriprise) recently increased or initiated positions, and about 45.58% of the stock is owned by institutional investors.

Security National Financial (NASDAQ:SNFCA - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Security National Financial in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Security National Financial presently has a consensus rating of "Hold".

Security National Financial Price Performance

NASDAQ:SNFCA opened at $9.48 on Friday. The stock has a market cap of $246.39 million, a PE ratio of 7.52 and a beta of 0.75. Security National Financial has a fifty-two week low of $7.32 and a fifty-two week high of $12.38. The stock's 50-day moving average is $8.99 and its two-hundred day moving average is $8.70.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Veradace Capital Management LLC bought a new position in Security National Financial in the 4th quarter worth $3,181,000. Geode Capital Management LLC grew its position in shares of Security National Financial by 134.4% in the second quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider's stock valued at $3,041,000 after purchasing an additional 176,996 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Security National Financial by 1,404.7% in the second quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider's stock valued at $1,494,000 after purchasing an additional 141,607 shares during the last quarter. M3F Inc. increased its stake in shares of Security National Financial by 5.2% in the third quarter. M3F Inc. now owns 2,233,648 shares of the credit services provider's stock worth $19,366,000 after purchasing an additional 111,223 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Security National Financial by 21.7% in the third quarter. Ameriprise Financial Inc. now owns 569,295 shares of the credit services provider's stock worth $4,936,000 after purchasing an additional 101,477 shares during the period. 45.58% of the stock is currently owned by institutional investors and hedge funds.

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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