Southern National Bancorp of Virginia (SONA) – Investment Analysts’ Recent Ratings Changes

Southern National Bancorp of Virginia (NASDAQ: SONA) has recently received a number of price target changes and ratings updates:

  • 9/8/2017 – Southern National Bancorp of Virginia was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Headquartered in Charlottesville Virginia, Sonabank is a new regional bank founded by an experienced banking team with close to hundred years of banking experience. They offer a full line of products and services for personal and business banking. Sonabank specializes in small to medium sized business banking. They have extensive experience in Small Business Administration loans as well as other types of financing suited for businesses. “
  • 9/7/2017 – Southern National Bancorp of Virginia was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Headquartered in Charlottesville Virginia, Sonabank is a new regional bank founded by an experienced banking team with close to hundred years of banking experience. They offer a full line of products and services for personal and business banking. Sonabank specializes in small to medium sized business banking. They have extensive experience in Small Business Administration loans as well as other types of financing suited for businesses. “
  • 9/1/2017 – Southern National Bancorp of Virginia was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/30/2017 – Southern National Bancorp of Virginia was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Headquartered in Charlottesville Virginia, Sonabank is a new regional bank founded by an experienced banking team with close to hundred years of banking experience. They offer a full line of products and services for personal and business banking. Sonabank specializes in small to medium sized business banking. They have extensive experience in Small Business Administration loans as well as other types of financing suited for businesses. “
  • 8/24/2017 – Southern National Bancorp of Virginia was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Headquartered in Charlottesville Virginia, Sonabank is a new regional bank founded by an experienced banking team with close to hundred years of banking experience. They offer a full line of products and services for personal and business banking. Sonabank specializes in small to medium sized business banking. They have extensive experience in Small Business Administration loans as well as other types of financing suited for businesses. “
  • 8/23/2017 – Southern National Bancorp of Virginia was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Headquartered in Charlottesville Virginia, Sonabank is a new regional bank founded by an experienced banking team with close to hundred years of banking experience. They offer a full line of products and services for personal and business banking. Sonabank specializes in small to medium sized business banking. They have extensive experience in Small Business Administration loans as well as other types of financing suited for businesses. “
  • 8/14/2017 – Southern National Bancorp of Virginia was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/2/2017 – Southern National Bancorp of Virginia was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Headquartered in Charlottesville Virginia, Sonabank is a new regional bank founded by an experienced banking team with close to hundred years of banking experience. They offer a full line of products and services for personal and business banking. Sonabank specializes in small to medium sized business banking. They have extensive experience in Small Business Administration loans as well as other types of financing suited for businesses. “

Shares of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) remained flat at $16.33 during trading on Tuesday. The company’s stock had a trading volume of 14,508 shares. The stock’s 50-day moving average price is $16.55 and its 200-day moving average price is $17.04. The firm has a market cap of $390.45 million, a P/E ratio of 49.04 and a beta of 0.36. Southern National Bancorp of Virginia, Inc. has a one year low of $12.60 and a one year high of $18.48.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, August 10th. Southern National Bancorp of Virginia’s dividend payout ratio (DPR) is 91.43%.

In other Southern National Bancorp of Virginia news, Chairman Georgia S. Derrico bought 4,000 shares of Southern National Bancorp of Virginia stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $15.75 per share, for a total transaction of $63,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.20% of the stock is owned by corporate insiders.

Southern National Bancorp of Virginia, Inc (Southern National) is the bank holding company for Sonabank (Sonabank). The Company’s principal business is the acquisition of deposits from the general public through its branch offices and deposit intermediaries, as well as the use of these deposits to fund its loan and investment portfolios.

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