Oops he did it again!!!!
Norman G Wilbur, a 78 years old director of Security National Financial Corporation, disposed of 500 shares of the company. The disposals took place at prices ranging from $4.50 to $4.55 per share, on May 25, 2016.
Genuine Emergency...He needs Money...He run-out of Viagra...Time to refill...Can't be blamed for disposing his shares at almost half price of the book value ...His Free Shares...His Money...His Viagra
Thi guy is killing us.
04/14/2016 Norman G. Wilbur 420 Shares Sale at $5.05 per share.
04/07/2016 Norman G. Wilbur 700 Shares Sale at $5.07 per share.
04/07/2016 Norman G. Wilbur 100 Shares Sale at $5.06 per share.
02/08/2016 Norman G. Wilbur 100 Shares Sale at $5.78 per share.
02/08/2016 Norman G. Wilbur 200 Shares Sale at $5.79 per share.
02/08/2016 Norman G. Wilbur 486 Shares Sale at $5.70 per share.
02/08/2016 Norman G. Wilbur 214 Shares Sale at $5.71 per share.
02/01/2016 Norman G. Wilbur 2,400 Shares Sale at $5.54 per share.
02/01/2016 Norman G. Wilbur 300 Shares Sale at $5.55 per share.
01/14/2016 Norman G. Wilbur 221 Shares Sale at $6.4 per share.
Norman G. Wilbur, AGE 78, married to SNFCA. TILL DEATH DO US PART--
A VOW NOT MADE TO BE BROKEN..
Look how much resposibility this POOR 78 YRS OLD MAN HAS. He must do Energizer Bunny Commercial too.
Since October 1998. He has been an Independent Director, Chairman of Audit Committee,
Chairman of Compensation Committee and Member of Nominating & Corporate Governance Committee.
Mr. Norman G. Wilbur served as a Manager of Planning and Reporting for J.C. Penney's stores.
After 36 years with J.C. Penny's, Mr. Wilbur took an option of an early retirement in 1997.
Hope a good news then will top the bleeding. If not it will be a carnage.
When the Price gets over $10 and Avg Vol over 300k, insiders aggressively ramped up their selling.
INSIDER'S SALE, SPECIALLY BY THE CEO, ended the party early by sending an ominous market signal.
SNFCA STOCK PRICE AND TRADE VOLUME STARTS PICKING-UP AFTER THIS KIND OF GOOD NEWS'
ONE AFTER ANOTHER
Novemver 15, 2012 SNFCA Reports Financial Results for the Third Quarter Ended September 30, 2012
Net earnings per common share were $.42 for the three months ended September 30, 2012, compared to $.08 per share for the prior year as adjusted for the effect of annual stock dividends. Net earnings per common share was $.97 for the nine months ended September 30, 2012 compared to $.05 per share for the prior year as adjusted for the effect of annual stock dividends. Book value per common share was $7.38 as of September 30, 2012, compared to $6.48 as of December 31, 2011.
December 10, 2012
Security National Financial Corporation (NASDAQ: SNFCA) announced today that its Board of Directors has authorized a 5% stock dividend for stockholders of record on January 11, 2013, payable on February 1, 2013.
December 27, 2012
Security National Financial Corporation Completes Coinsurance Transaction with Mothe Life Insurance and DLE Life Insurance Company. This transaction represents a significant increase in Security National customers and a significant increase in asset size. Security National has a reputation in the industry of providing excellent customer service, and we believe the policyholders coinsured under this transaction will find that to be the case,” Quist said.
And Insider like Norman Wilbur will keep disposing their share at any price...What we are asking the SNFCA executives is to stop sucking & jerking each other off (sorry for my language) and do the job they are paid to do...lets blame it on Viagra too..
How alarming ? Is it’s a message that the stock probably isn’t going to move up anytime soon and that we should start looking at an exit strategy. What do you guys think?
Period Moving Average
Year to Date $5.56
Now the stock is trading between $4.96 - $5.02
For SNFCA executives the shareholders are low priority...The stock is trading below book value Q after Q..underperforming...Their solutions are to stock diluting with 5% stock divided and insider trading.....
The truth is when executives (in any company) buy shares in their own companies, the stock
tended to outperform the total market by 8.9% over the next 12 months. When they sold shares,
the stock underperformed the market by 5.4%.
Here you go again...Norman Wilbur, a Director at Security National Financial Corp, is Selling Shares.. The disposals took place at $5.05 per share...At bargain price...Doesn’t matter for him because it's Option Exercised at $2.48...He is selling his shares every other month.....
Norman Wilbur exercises his stock option to buy SNFCA stock and sell the acquired shares few days later...It is as if he knows this stock won't do better and has to get rid of it before it's too late...
These idiots are killing us
Security National Financial Corp Managements please please please do something better than diluting this stock with 5% stock dividend and disposing shares at discount.
Security National Financial Corp (NASDAQ:SNFCA) institutional sentiment decreased to 1.5 in 2015 Q3.
Its down -1.10, from 2.6 in 2015Q2. The ratio dived, as 13 institutional investors opened new or increased
equity positions, while 5 sold and reduced their positions in Security National Financial Corp. The institutional investors partner’s database now possess: 797,128 shares, down from 994,392 shares in 2015Q2.
Also, the number of institutional investors holding Security National Financial Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 4 Increased: 8 New Position: 5.
Security National Mortgage Company, "SNMC" passed the $2 billion level of retained mortgage servicing rights at the end of March 2016.
Based on the most recent Quarterly Mortgage Performance Report published by the Mortgage Bankers Association, Security National Mortgage Company's serving efficiency as measured by loans serviced per full time employee is above the survey's average. The same source also documents that SNMC's net servicing income outperforms the industry average of $107 per loan.
0n December 14, 2015 they announced stock dividend..On that day the SNFCA stock closed at $6.3476...on the Friday April 8, 2016 SNFCA closed at $5.0033...That is $1.3443 or almost 27% below the closing price the day they announced stock dividend....
because of the 5% stock dividend issued on February 5, 2016.
5% share dilution means Book values per Share goes down by 5%