Security National Financial Corporation (NASDAQ:SNFCA) Short Interest Update

Security National Financial Corporation (NASDAQ:SNFCA) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 314,205 shares, a drop of 22.1% from the December 31st total of 403,310 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 24,742 shares, the days-to-cover ratio is presently 12.7 days. Based on an average trading volume of 24,742 shares, the days-to-cover ratio is presently 12.7 days. Approximately 1.4% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Security National Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SNFCA. Geode Capital Management LLC lifted 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 worth $3,041,000 after buying an additional 176,996 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Security National Financial by 1,404.7% during the second quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider’s stock worth $1,494,000 after purchasing an additional 141,607 shares during the period. M3F Inc. raised its position 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 valued at $19,366,000 after buying an additional 111,223 shares in the last quarter. Ameriprise Financial Inc. boosted its position 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 worth $4,936,000 after buying an additional 101,477 shares during the period. Finally, Vanguard Group Inc. grew its holdings in 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 worth $7,046,000 after purchasing an additional 65,706 shares during the period. Institutional investors own 45.58% of the company’s stock.

Security National Financial Price Performance

NASDAQ:SNFCA remained flat at $8.82 during mid-day trading on Friday. The company had a trading volume of 32,351 shares, compared to its average volume of 24,258. Security National Financial has a 12 month low of $7.32 and a 12 month high of $12.83. The company has a market cap of $229.23 million, a P/E ratio of 12.06 and a beta of 0.76. The stock has a fifty day moving average of $8.87 and a two-hundred day moving average of $8.63.

Security National Financial (NASDAQ:SNFCA) last announced its quarterly earnings results on Thursday, November 13th. The credit services provider reported $0.31 EPS for the quarter. Security National Financial had a net margin of 5.46% and a return on equity of 5.30%. The firm had revenue of $89.33 million for the quarter.

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.