BidaskClub downgraded shares of Southern National Banc. of Virginia (NASDAQ:SONA) from a hold rating to a sell rating in a research report sent to investors on Saturday, BidAskClub reports.

Separately, Zacks Investment Research raised shares of Southern National Banc. of Virginia from a hold rating to a buy rating and set a $17.00 target price on the stock in a research report on Thursday, May 9th.

NASDAQ:SONA opened at $14.99 on Friday. The company has a market cap of $348.15 million, a PE ratio of 10.78 and a beta of 0.83. Southern National Banc. of Virginia has a twelve month low of $12.87 and a twelve month high of $17.99. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $15.26 and its two-hundred day moving average is $15.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Friday, August 9th. Southern National Banc. of Virginia’s payout ratio is 25.90%.

A number of hedge funds and other institutional investors have recently made changes to their positions in SONA. Bank of Montreal Can acquired a new stake in Southern National Banc. of Virginia during the 2nd quarter valued at approximately $26,000. Steward Partners Investment Advisory LLC acquired a new stake in Southern National Banc. of Virginia during the 2nd quarter valued at approximately $28,000. Public Employees Retirement System of Ohio acquired a new stake in Southern National Banc. of Virginia during the 2nd quarter valued at approximately $35,000. Meeder Asset Management Inc. lifted its stake in Southern National Banc. of Virginia by 124.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,975 shares of the bank’s stock valued at $44,000 after acquiring an additional 1,650 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in Southern National Banc. of Virginia by 507.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,085 shares of the bank’s stock valued at $60,000 after acquiring an additional 3,413 shares during the period. Institutional investors and hedge funds own 70.99% of the company’s stock.

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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