Southern National Banc. of Virginia (NASDAQ:SONA) Upgraded at ValuEngine

ValuEngine upgraded shares of Southern National Banc. of Virginia (NASDAQ:SONA) from a sell rating to a hold rating in a report published on Monday, February 4th.

Several other equities analysts also recently commented on SONA. Zacks Investment Research downgraded shares of Southern National Banc. of Virginia from a buy rating to a hold rating in a research note on Wednesday, January 2nd. BidaskClub downgraded shares of Southern National Banc. of Virginia from a sell rating to a strong sell rating in a research note on Tuesday, October 23rd. Finally, Sandler O’Neill started coverage on shares of Southern National Banc. of Virginia in a research note on Monday, January 14th. They set a hold rating on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $16.00.

Shares of SONA opened at $16.00 on Monday. The stock has a market capitalization of $389.16 million, a PE ratio of 11.51 and a beta of 0.75. Southern National Banc. of Virginia has a fifty-two week low of $12.87 and a fifty-two week high of $18.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94.

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 for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Southern National Banc. of Virginia had a net margin of 26.10% and a return on equity of 10.07%. The company had revenue of $24.73 million for the quarter, compared to analyst estimates of $24.30 million. Equities research analysts anticipate that Southern National Banc. of Virginia will post 1.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Monday, February 11th were issued a $0.09 dividend. The ex-dividend date was Friday, February 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from Southern National Banc. of Virginia’s previous quarterly dividend of $0.08. Southern National Banc. of Virginia’s dividend payout ratio is 25.90%.

In other Southern National Banc. of Virginia news, insider Georgia S. Derrico acquired 4,862 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The stock was acquired at an average price of $14.88 per share, for a total transaction of $72,346.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Marie Taylor Leibson acquired 6,500 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The stock was acquired at an average price of $6.87 per share, with a total value of $44,655.00. Following the acquisition, the insider now owns 2,000 shares in the company, valued at $13,740. The disclosure for this purchase can be found here. Insiders bought 23,824 shares of company stock valued at $268,830 in the last three months. Company insiders own 6.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in Southern National Banc. of Virginia during the 4th quarter worth approximately $42,000. Citigroup Inc. grew its position in shares of Southern National Banc. of Virginia by 16.0% during the 4th quarter. Citigroup Inc. now owns 6,074 shares of the bank’s stock worth $80,000 after buying an additional 838 shares during the period. Metropolitan Life Insurance Co. NY grew its position in shares of Southern National Banc. of Virginia by 417.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,385 shares of the bank’s stock worth $98,000 after buying an additional 5,959 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Southern National Banc. of Virginia during the 3rd quarter worth approximately $177,000. Finally, Silverleafe Capital Partners LLC acquired a new stake in shares of Southern National Banc. of Virginia during the 4th quarter worth approximately $161,000. Hedge funds and other institutional investors own 73.25% of the company’s stock.

About Southern National Banc. of Virginia

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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