Shares of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus target price of $20.50 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Southern National Bancorp of Virginia an industry rank of 211 out of 265 based on the ratings given to related companies.

Several research firms recently commented on SONA. ValuEngine downgraded Southern National Bancorp of Virginia from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded Southern National Bancorp of Virginia from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub downgraded Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.

Southern National Bancorp of Virginia (NASDAQ:SONA) traded down $0.37 during midday trading on Tuesday, reaching $15.92. The company had a trading volume of 49,630 shares, compared to its average volume of 68,627. Southern National Bancorp of Virginia has a 1 year low of $12.90 and a 1 year high of $18.48. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The firm has a market cap of $380.65, a P/E ratio of 19.66 and a beta of 0.35.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Monday, November 13th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, November 10th. Southern National Bancorp of Virginia’s dividend payout ratio is currently 106.67%.

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In related news, Chairman Georgia S. Derrico bought 4,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $15.75 per share, with a total value of $63,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of SONA. Castle Creek Capital Partners IV LP acquired a new stake in shares of Southern National Bancorp of Virginia in the 2nd quarter worth $11,791,000. First Manhattan Co. increased its stake in shares of Southern National Bancorp of Virginia by 4.2% in the 2nd quarter. First Manhattan Co. now owns 261,281 shares of the bank’s stock worth $4,598,000 after acquiring an additional 10,609 shares during the last quarter. PL Capital Advisors LLC acquired a new stake in shares of Southern National Bancorp of Virginia in the 2nd quarter worth $2,084,000. First Trust Advisors LP acquired a new stake in shares of Southern National Bancorp of Virginia in the 2nd quarter worth $252,000. Finally, Rhumbline Advisers acquired a new stake in shares of Southern National Bancorp of Virginia in the 2nd quarter worth $216,000. 63.29% of the stock is owned by institutional investors and hedge funds.

Southern National Bancorp of Virginia Company Profile

Southern National Bancorp of Virginia, Inc (Southern National) is the bank holding company for Sonabank (Sonabank). The Company’s principal business is the acquisition of deposits from the general public through its branch offices and deposit intermediaries, as well as the use of these deposits to fund its loan and investment portfolios.

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