Two Sigma Investments LP Takes Position in Southern National Banc. of Virginia, Inc (SONA)

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Two Sigma Investments LP bought a new position in Southern National Banc. of Virginia, Inc (NASDAQ:SONA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,359 shares of the bank’s stock, valued at approximately $163,000.

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Southern National Banc. of Virginia in the fourth quarter worth $42,000. Citigroup Inc. lifted its position in Southern National Banc. of Virginia by 16.0% in the fourth quarter. Citigroup Inc. now owns 6,074 shares of the bank’s stock worth $80,000 after purchasing an additional 838 shares during the period. Prudential Financial Inc. bought a new position in Southern National Banc. of Virginia in the third quarter worth $177,000. Silverleafe Capital Partners LLC bought a new position in Southern National Banc. of Virginia in the fourth quarter worth $161,000. Finally, Mackay Shields LLC bought a new position in Southern National Banc. of Virginia in the fourth quarter worth $162,000. 70.72% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on the company. Zacks Investment Research cut Southern National Banc. of Virginia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 28th. BidaskClub cut Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. ValuEngine cut Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Finally, Sandler O’Neill began coverage on Southern National Banc. of Virginia in a report on Monday, January 14th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Southern National Banc. of Virginia presently has a consensus rating of “Hold” and a consensus target price of $16.00.

In related news, insider Georgia S. Derrico acquired 4,862 shares of the business’s stock in a transaction on Wednesday, January 30th. The stock was bought at an average cost of $14.88 per share, with a total value of $72,346.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Georgia S. Derrico acquired 3,000 shares of the business’s stock in a transaction on Tuesday, January 29th. The shares were bought at an average cost of $14.81 per share, with a total value of $44,430.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 15,824 shares of company stock valued at $203,520. Company insiders own 6.00% of the company’s stock.

Shares of NASDAQ SONA opened at $15.25 on Wednesday. The firm has a market cap of $367.83 million, a price-to-earnings ratio of 10.97 and a beta of 0.78. Southern National Banc. of Virginia, Inc has a 52-week low of $12.87 and a 52-week high of $18.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96.

Southern National Banc. of Virginia (NASDAQ:SONA) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32. The company had revenue of $24.73 million during the quarter, compared to analysts’ expectations of $24.30 million. Southern National Banc. of Virginia had a return on equity of 9.97% and a net margin of 26.10%. As a group, sell-side analysts predict that Southern National Banc. of Virginia, Inc will post 1.37 earnings per share for the current year.

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Southern National Banc. of Virginia 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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Want to see what other hedge funds are holding SONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern National Banc. of Virginia, Inc (NASDAQ:SONA).

Institutional Ownership by Quarter for Southern National Banc. of Virginia (NASDAQ:SONA)

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