Southern National Banc. of Virginia (SONA) Sets New 52-Week Low at $14.20

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Southern National Banc. of Virginia, Inc (NASDAQ:SONA) shares reached a new 52-week low during trading on Thursday . The company traded as low as $14.20 and last traded at $14.29, with a volume of 3349 shares trading hands. The stock had previously closed at $14.62.

A number of research analysts have commented on SONA shares. ValuEngine upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. BidaskClub lowered shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. Finally, Zacks Investment Research upgraded shares of Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, November 7th.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $347.80 million, a P/E ratio of 16.65 and a beta of 0.40.

Southern National Banc. of Virginia (NASDAQ:SONA) last posted its quarterly earnings data on Thursday, October 25th. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $25.23 million for the quarter, compared to analyst estimates of $24.90 million. Southern National Banc. of Virginia had a net margin of 19.65% and a return on equity of 9.74%. On average, research analysts forecast that Southern National Banc. of Virginia, Inc will post 1.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Monday, November 12th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.18%. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is 36.36%.

In other news, Director John Fitzgerald Biagas purchased 3,290 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were acquired at an average cost of $15.20 per share, for a total transaction of $50,008.00. Following the completion of the purchase, the director now directly owns 45,379 shares in the company, valued at approximately $689,760.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Georgia S. Derrico purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average price of $15.25 per share, for a total transaction of $30,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 8,910 shares of company stock worth $136,510. Company insiders own 6.00% of the company’s stock.

Several institutional investors have recently modified their holdings of SONA. LSV Asset Management increased its stake in shares of Southern National Banc. of Virginia by 4,566.7% during the third quarter. LSV Asset Management now owns 154,000 shares of the bank’s stock worth $2,494,000 after acquiring an additional 150,700 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Southern National Banc. of Virginia by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 499,515 shares of the bank’s stock worth $8,911,000 after acquiring an additional 83,415 shares during the period. Martingale Asset Management L P acquired a new position in shares of Southern National Banc. of Virginia during the third quarter worth about $1,241,000. Maltese Capital Management LLC increased its stake in shares of Southern National Banc. of Virginia by 35.4% during the second quarter. Maltese Capital Management LLC now owns 281,400 shares of the bank’s stock worth $5,020,000 after acquiring an additional 73,600 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Southern National Banc. of Virginia by 17.1% during the second quarter. Renaissance Technologies LLC now owns 483,642 shares of the bank’s stock worth $8,628,000 after acquiring an additional 70,500 shares during the period. Institutional investors and hedge funds own 71.85% of the company’s stock.

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About Southern National Banc. of Virginia (NASDAQ:SONA)

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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