Security National Financial (NASDAQ:SNFCA) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Security National Financial Corporation (NASDAQ:SNFCA) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.08 and traded as low as $8.73. Security National Financial shares last traded at $8.73, with a volume of 15,376 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SNFCA. Weiss Ratings lowered Security National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Wall Street Zen lowered Security National Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Security National Financial currently has a consensus rating of “Hold”.

Security National Financial Price Performance

The firm has a market capitalization of $239.27 million, a PE ratio of 6.30 and a beta of 0.70. The firm’s fifty day moving average is $9.34 and its two-hundred day moving average is $9.08.

Security National Financial (NASDAQ:SNFCA) last posted its quarterly earnings data on Monday, August 10th. The credit services provider reported $0.33 EPS for the quarter. Security National Financial had a net margin of 11.10% and a return on equity of 9.13%. The firm had revenue of $83.93 million during the quarter.

Institutional Trading of Security National Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System boosted its position in Security National Financial by 142.3% in the second quarter. California State Teachers Retirement System now owns 2,132 shares of the credit services provider’s stock worth $220,000 after purchasing an additional 1,252 shares during the last quarter. Empowered Funds LLC increased its position in shares of Security National Financial by 10.2% during the 1st quarter. Empowered Funds LLC now owns 90,859 shares of the credit services provider’s stock valued at $861,000 after purchasing an additional 8,389 shares during the last quarter. Bank of America Corp DE increased its position in shares of Security National Financial by 12.3% during the 1st quarter. Bank of America Corp DE now owns 20,493 shares of the credit services provider’s stock valued at $194,000 after purchasing an additional 2,238 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Security National Financial by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 793,553 shares of the credit services provider’s stock worth $7,523,000 after purchasing an additional 25,607 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Security National Financial by 4.3% during the 1st quarter. Bank of New York Mellon Corp now owns 37,257 shares of the credit services provider’s stock worth $353,000 after purchasing an additional 1,531 shares during the period. 45.58% of the stock is owned by hedge funds and other institutional investors.

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.