Brokerages Anticipate Southern National Banc. of Virginia, Inc (NASDAQ:SONA) to Post $0.35 EPS

Share on StockTwits

Shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a twelve-month consensus target price of $20.50 for the company and are expecting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also given Southern National Banc. of Virginia an industry rank of 165 out of 256 based on the ratings given to related companies.

SONA has been the subject of several research reports. Zacks Investment Research raised 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 note on Thursday, May 9th. ValuEngine raised Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, BidaskClub cut Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Saturday, August 17th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of Southern National Banc. of Virginia during the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Southern National Banc. of Virginia in the 2nd quarter worth about $28,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Southern National Banc. of Virginia in the 2nd quarter worth about $35,000. BNP Paribas Arbitrage SA boosted its position in shares of Southern National Banc. of Virginia by 507.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,085 shares of the bank’s stock worth $60,000 after buying an additional 3,413 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Southern National Banc. of Virginia in the 2nd quarter worth about $76,000. Institutional investors own 70.99% of the company’s stock.

Shares of Southern National Banc. of Virginia stock traded up $0.43 during mid-day trading on Thursday, hitting $14.86. 854 shares of the stock were exchanged, compared to its average volume of 34,525. Southern National Banc. of Virginia has a 12 month low of $12.87 and a 12 month high of $17.69. The company has a 50-day simple moving average of $15.02 and a 200 day simple moving average of $15.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $346.70 million, a P/E ratio of 10.73 and a beta of 0.89.

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.36 annualized dividend and a dividend yield of 2.42%. Southern National Banc. of Virginia’s dividend payout ratio is presently 25.90%.

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.

Recommended Story: Trading Strategy

Get a free copy of the Zacks research report on Southern National Banc. of Virginia (SONA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Southern National Banc. of Virginia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern National Banc. of Virginia and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Celgene Co.  Shares Sold by Welch & Forbes LLC
Celgene Co. Shares Sold by Welch & Forbes LLC
13,687 Shares in PlayAGS Inc  Purchased by We Are One Seven LLC
13,687 Shares in PlayAGS Inc Purchased by We Are One Seven LLC
Welch & Forbes LLC Boosts Stock Holdings in Lockheed Martin Co.
Welch & Forbes LLC Boosts Stock Holdings in Lockheed Martin Co.
Q.E.P.  Shares Pass Above 50-Day Moving Average of $19.35
Q.E.P. Shares Pass Above 50-Day Moving Average of $19.35
Corby Spirit and Wine  Stock Price Crosses Above 50 Day Moving Average of $17.34
Corby Spirit and Wine Stock Price Crosses Above 50 Day Moving Average of $17.34
Savannah Resources  Shares Cross Above Fifty Day Moving Average of $2.69
Savannah Resources Shares Cross Above Fifty Day Moving Average of $2.69


© 2006-2019 Ticker Report