Southern National Banc. of Virginia (SONA) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of Southern National Banc. of Virginia (NASDAQ:SONA) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday morning.

Separately, Zacks Investment Research upgraded Southern National Banc. of Virginia from a sell rating to a hold rating and set a $18.00 target price on the stock in a research note on Thursday, December 28th.

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Southern National Banc. of Virginia (SONA) opened at $15.33 on Tuesday. Southern National Banc. of Virginia has a 12 month low of $15.11 and a 12 month high of $18.48. The firm has a market capitalization of $387.83, a P/E ratio of 18.38 and a beta of 0.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.18.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its earnings results on Friday, January 26th. The bank reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Southern National Banc. of Virginia had a return on equity of 5.97% and a net margin of 2.72%. The company had revenue of $25.30 million for the quarter, compared to the consensus estimate of $24.50 million. equities research analysts predict that Southern National Banc. of Virginia will post 1.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a $0.08 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.32 annualized dividend and a dividend yield of 2.09%. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is currently 400.00%.

In other Southern National Banc. of Virginia news, SVP William H. Lagos purchased 3,500 shares of Southern National Banc. of Virginia stock in a transaction dated Tuesday, January 16th. The stock was acquired at an average cost of $9.20 per share, with a total value of $32,200.00. Following the acquisition, the senior vice president now directly owns 36,657 shares of the company’s stock, valued at $337,244.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Georgia S. Derrico purchased 32,000 shares of Southern National Banc. of Virginia stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $6.29 per share, with a total value of $201,280.00. The disclosure for this purchase can be found here. Insiders acquired a total of 42,218 shares of company stock worth $316,436 over the last quarter. Company insiders own 9.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Banc Funds Co. LLC lifted its holdings in shares of Southern National Banc. of Virginia by 3.5% in the 4th quarter. Banc Funds Co. LLC now owns 1,713,529 shares of the bank’s stock valued at $27,468,000 after buying an additional 57,782 shares during the period. BlackRock Inc. lifted its holdings in shares of Southern National Banc. of Virginia by 4.5% in the 4th quarter. BlackRock Inc. now owns 1,079,798 shares of the bank’s stock valued at $17,309,000 after buying an additional 46,918 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Southern National Banc. of Virginia by 17.0% in the 2nd quarter. Vanguard Group Inc. now owns 538,160 shares of the bank’s stock valued at $9,472,000 after buying an additional 78,370 shares during the period. Salzhauer Michael lifted its holdings in shares of Southern National Banc. of Virginia by 3.0% in the 3rd quarter. Salzhauer Michael now owns 475,759 shares of the bank’s stock valued at $8,083,000 after buying an additional 14,005 shares during the period. Finally, Kennedy Capital Management Inc. lifted its holdings in shares of Southern National Banc. of Virginia by 9.0% in the 4th quarter. Kennedy Capital Management Inc. now owns 444,010 shares of the bank’s stock valued at $7,117,000 after buying an additional 36,729 shares during the period. 68.26% of the stock is owned by institutional investors and hedge funds.

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Southern National Banc. of Virginia Company Profile

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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