BidaskClub downgraded shares of Southern National Banc. of Virginia (NASDAQ:SONA) from a hold rating to a sell rating in a research report report published on Thursday.

Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of Southern National Banc. of Virginia from a hold rating to a sell rating in a research note on Tuesday, August 28th. Zacks Investment Research raised shares of Southern National Banc. of Virginia from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Thursday, August 2nd.

Shares of SONA stock opened at $16.80 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The stock has a market cap of $404.01 million, a price-to-earnings ratio of 19.09 and a beta of 0.26. Southern National Banc. of Virginia has a 1-year low of $15.11 and a 1-year high of $18.24.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its earnings results on Thursday, July 26th. The bank reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.07. The company had revenue of $25.73 million during the quarter, compared to analyst estimates of $24.10 million. Southern National Banc. of Virginia had a net margin of 16.31% and a return on equity of 8.52%. equities research analysts anticipate that Southern National Banc. of Virginia will post 1.32 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in SONA. Maltese Capital Management LLC purchased a new position in Southern National Banc. of Virginia during the first quarter worth about $3,292,000. Dimensional Fund Advisors LP boosted its stake in Southern National Banc. of Virginia by 25.2% during the first quarter. Dimensional Fund Advisors LP now owns 416,100 shares of the bank’s stock worth $6,591,000 after buying an additional 83,624 shares during the period. Renaissance Technologies LLC boosted its stake in 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 buying an additional 70,500 shares during the period. Millennium Management LLC purchased a new position in Southern National Banc. of Virginia during the first quarter worth about $912,000. Finally, Foundry Partners LLC boosted its stake in Southern National Banc. of Virginia by 24.8% during the second quarter. Foundry Partners LLC now owns 252,350 shares of the bank’s stock worth $4,502,000 after buying an additional 50,175 shares during the period. 71.82% of the stock is owned by 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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