Short Interest in Security National Financial Corporation (NASDAQ:SNFCA) Drops By 22.1%

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

Institutional Investors Weigh In On Security National Financial

A number of institutional investors have recently bought and sold shares of SNFCA. BNP Paribas Financial Markets lifted its position in Security National Financial by 306.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,831 shares of the credit services provider’s stock worth $28,000 after buying an additional 2,135 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in Security National Financial in the second quarter worth $30,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Security National Financial during the third quarter worth $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Security National Financial during the second quarter valued at about $79,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Security National Financial in the second quarter worth about $104,000. 45.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Security National Financial Stock Performance

NASDAQ SNFCA opened at $8.82 on Monday. Security National Financial has a 1 year low of $7.32 and a 1 year high of $12.83. The business’s fifty day moving average is $8.87 and its two-hundred day moving average is $8.63. The stock has a market capitalization of $229.23 million, a P/E ratio of 12.06 and a beta of 0.76.

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

Security National Financial Company Profile

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.