Oberweis Asset Management Inc. acquired a new stake in Southern National Banc. of Virginia, Inc (NASDAQ:SONA) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 36,800 shares of the bank’s stock, valued at approximately $486,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of Southern National Banc. of Virginia in the 4th quarter valued at approximately $42,000. Citigroup Inc. grew its position in shares of Southern National Banc. of Virginia by 16.0% in the 4th quarter. Citigroup Inc. now owns 6,074 shares of the bank’s stock valued at $80,000 after purchasing an additional 838 shares during the period. Prudential Financial Inc. acquired a new position in Southern National Banc. of Virginia during the 3rd quarter worth approximately $177,000. Silverleafe Capital Partners LLC acquired a new position in Southern National Banc. of Virginia during the 4th quarter worth approximately $161,000. Finally, Mackay Shields LLC acquired a new position in Southern National Banc. of Virginia during the 4th quarter worth approximately $162,000. Institutional investors and hedge funds own 70.87% of the company’s stock.

In related news, insider Marie Taylor Leibson acquired 6,500 shares of the company’s stock in a transaction dated Friday, January 4th. The shares were bought at an average price of $6.87 per share, for a total transaction of $44,655.00. Following the purchase, the insider now directly owns 2,000 shares in the company, valued at approximately $13,740. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Georgia S. Derrico acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, January 29th. The shares were bought at an average price of $14.81 per share, for a total transaction of $44,430.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 22,324 shares of company stock worth $248,175. Company insiders own 6.00% of the company’s stock.

A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. ValuEngine raised Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Sandler O’Neill assumed coverage on Southern National Banc. of Virginia in a research report on Monday, January 14th. They set a “hold” rating for the company. Finally, BidaskClub raised Southern National Banc. of Virginia from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.00.

NASDAQ:SONA opened at $15.67 on Friday. Southern National Banc. of Virginia, Inc has a twelve month low of $12.87 and a twelve month high of $18.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $376.90 million, a price-to-earnings ratio of 11.27 and a beta of 0.79.

Southern National Banc. of Virginia (NASDAQ:SONA) last released its quarterly earnings results on Thursday, January 24th. The bank reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. Southern National Banc. of Virginia had a return on equity of 10.07% and a net margin of 26.10%. The firm had revenue of $24.73 million during the quarter, compared to the consensus estimate of $24.30 million. On average, sell-side analysts forecast that Southern National Banc. of Virginia, Inc will post 1.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Monday, February 11th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.30%. 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 currently 25.90%.

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Southern National Banc. of Virginia 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.

Further Reading: What is an Initial Public Offering (IPO)?

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Institutional Ownership by Quarter for Southern National Banc. of Virginia (NASDAQ:SONA)

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