Zacks: Brokerages Expect Southern National Banc. of Virginia, Inc (NASDAQ:SONA) to Post $0.33 EPS

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Equities analysts expect Southern National Banc. of Virginia, Inc (NASDAQ:SONA) to post earnings per share (EPS) of $0.33 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Southern National Banc. of Virginia’s earnings. Southern National Banc. of Virginia posted earnings of $0.32 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, January 23rd.

Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Southern National Banc. of Virginia.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $23.99 million for the quarter, compared to the consensus estimate of $24.80 million. Southern National Banc. of Virginia had a net margin of 23.91% and a return on equity of 9.71%.

A number of research firms have recently weighed in on SONA. ValuEngine downgraded shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

Southern National Banc. of Virginia stock traded down $0.01 during trading hours on Friday, reaching $16.18. 1,485 shares of the stock were exchanged, compared to its average volume of 74,697. The stock has a 50 day moving average of $15.76 and a two-hundred day moving average of $15.15. Southern National Banc. of Virginia has a twelve month low of $12.87 and a twelve month high of $16.27. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The company has a market cap of $391.26 million, a P/E ratio of 11.63 and a beta of 0.92.

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.36 annualized dividend and a yield of 2.22%. Southern National Banc. of Virginia’s payout ratio is 25.90%.

In other Southern National Banc. of Virginia news, Chairman Georgia S. Derrico purchased 10,000 shares of Southern National Banc. of Virginia stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired at an average price of $7.04 per share, with a total value of $70,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders bought a total of 15,585 shares of company stock valued at $154,077 in the last quarter. 5.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SONA. LSV Asset Management boosted its holdings in Southern National Banc. of Virginia by 76.1% during the 2nd quarter. LSV Asset Management now owns 441,900 shares of the bank’s stock worth $6,765,000 after acquiring an additional 190,962 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Southern National Banc. of Virginia by 174.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 184,783 shares of the bank’s stock worth $2,844,000 after acquiring an additional 117,474 shares during the last quarter. Salzhauer Michael boosted its holdings in Southern National Banc. of Virginia by 12.9% during the 3rd quarter. Salzhauer Michael now owns 568,797 shares of the bank’s stock worth $8,754,000 after acquiring an additional 64,980 shares during the last quarter. Comerica Bank purchased a new position in Southern National Banc. of Virginia during the 3rd quarter worth $729,000. Finally, Penn Capital Management Co. Inc. boosted its holdings in Southern National Banc. of Virginia by 44.4% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 137,340 shares of the bank’s stock worth $2,103,000 after acquiring an additional 42,211 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

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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