Southern National Banc. of Virginia, Inc (SONA) Director Acquires $19,953.45 in Stock

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) Director John Fitzgerald Biagas purchased 1,305 shares of Southern National Banc. of Virginia stock in a transaction that occurred on Monday, February 11th. The stock was acquired at an average price of $15.29 per share, with a total value of $19,953.45. Following the transaction, the director now owns 46,684 shares in the company, valued at $713,798.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

SONA traded up $0.30 during trading on Friday, hitting $15.94. The stock had a trading volume of 19,692 shares, compared to its average volume of 79,820. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $374.01 million, a P/E ratio of 11.47 and a beta of 0.75. Southern National Banc. of Virginia, Inc has a twelve month low of $12.87 and a twelve month high of $18.24.

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Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $24.73 million for the quarter, compared to analysts’ expectations of $24.30 million. Southern National Banc. of Virginia had a net margin of 26.10% and a return on equity of 10.07%. Sell-side analysts predict that Southern National Banc. of Virginia, Inc will post 1.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 11th will be paid a $0.09 dividend. This is a boost from Southern National Banc. of Virginia’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, February 8th. Southern National Banc. of Virginia’s payout ratio is currently 25.90%.

Several research firms recently commented on SONA. ValuEngine upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, November 7th. BidaskClub upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Finally, Sandler O’Neill assumed coverage on shares of Southern National Banc. of Virginia in a research report on Monday, January 14th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.00.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. acquired a new position in Southern National Banc. of Virginia in the 3rd quarter valued at $314,000. PL Capital Advisors LLC increased its stake in Southern National Banc. of Virginia by 253.4% in the 4th quarter. PL Capital Advisors LLC now owns 418,385 shares of the bank’s stock valued at $5,531,000 after buying an additional 300,000 shares during the period. First Trust Advisors LP increased its stake in Southern National Banc. of Virginia by 89.5% in the 3rd quarter. First Trust Advisors LP now owns 64,375 shares of the bank’s stock valued at $1,043,000 after buying an additional 30,406 shares during the period. Martingale Asset Management L P acquired a new position in Southern National Banc. of Virginia in the 3rd quarter valued at $1,241,000. Finally, Strs Ohio increased its stake in Southern National Banc. of Virginia by 15.0% in the 4th quarter. Strs Ohio now owns 40,700 shares of the bank’s stock valued at $538,000 after buying an additional 5,300 shares during the period. 73.53% of the stock is currently owned by institutional investors.

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Southern National Banc. of Virginia Company Profile

Southern National Bancorp of Virginia, Inc operates as the bank holding company for Sonabank that provides commercial banking services to middle market corporate clients and retail clients in the United States. Its deposit products include noninterest-bearing and interest-bearing checking, commercial checking, money market, and savings accounts, as well as certificates of deposit.

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