Maltese Capital Management LLC boosted its stake in shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) by 35.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 281,400 shares of the bank’s stock after purchasing an additional 73,600 shares during the period. Maltese Capital Management LLC owned about 1.18% of Southern National Banc. of Virginia worth $5,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Foundry Partners LLC grew its position 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 valued at $4,502,000 after purchasing an additional 50,175 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Southern National Banc. of Virginia during the fourth quarter valued at approximately $173,000. FSI Group LLC grew its position in Southern National Banc. of Virginia by 8.2% during the first quarter. FSI Group LLC now owns 110,330 shares of the bank’s stock valued at $1,748,000 after purchasing an additional 8,363 shares in the last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $6,591,000 after purchasing an additional 83,624 shares in the last quarter. Finally, Outfitter Advisors LTD. purchased a new position in Southern National Banc. of Virginia during the second quarter valued at approximately $305,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ SONA opened at $17.71 on Tuesday. 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 company has a market capitalization of $428.78 million, a price-to-earnings ratio of 15.37 and a beta of 0.26. Southern National Banc. of Virginia, Inc has a 12-month low of $15.11 and a 12-month high of $18.24.

Southern National Banc. of Virginia (NASDAQ:SONA) last posted its earnings results on Thursday, July 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.07. The firm had revenue of $25.73 million during the quarter, compared to analysts’ expectations of $24.10 million. Southern National Banc. of Virginia had a net margin of 16.31% and a return on equity of 8.52%. analysts anticipate that Southern National Banc. of Virginia, Inc will post 1.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Monday, August 13th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, August 10th. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is presently 36.36%.

A number of brokerages recently commented on SONA. BidaskClub raised shares of Southern National Banc. of Virginia from a “hold” rating to a “buy” rating in a research report on Thursday, June 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 price objective on the stock in a research report on Thursday, August 2nd. ValuEngine downgraded shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Finally, TheStreet raised shares of Southern National Banc. of Virginia from a “c” rating to a “b-” rating in a research report on Friday, April 27th.

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.

Read More: Asset Allocation

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

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