Dimensional Fund Advisors LP grew its stake in shares of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) by 29.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 207,038 shares of the bank’s stock after purchasing an additional 46,902 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.87% of Southern National Bancorp of Virginia worth $3,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in Southern National Bancorp of Virginia by 108.2% during the second quarter. California Public Employees Retirement System now owns 40,398 shares of the bank’s stock worth $711,000 after purchasing an additional 20,998 shares in the last quarter. Vanguard Group Inc. raised its holdings in Southern National Bancorp of Virginia by 17.0% during the second quarter. Vanguard Group Inc. now owns 538,160 shares of the bank’s stock worth $9,472,000 after purchasing an additional 78,370 shares in the last quarter. Northern Trust Corp raised its holdings in Southern National Bancorp of Virginia by 71.1% during the second quarter. Northern Trust Corp now owns 198,851 shares of the bank’s stock worth $3,500,000 after purchasing an additional 82,641 shares in the last quarter. Penn Capital Management Co. Inc. raised its holdings in Southern National Bancorp of Virginia by 58.7% during the second quarter. Penn Capital Management Co. Inc. now owns 218,446 shares of the bank’s stock worth $3,845,000 after purchasing an additional 80,761 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Southern National Bancorp of Virginia during the second quarter worth approximately $190,000. 67.56% of the stock is currently owned by institutional investors.

SONA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, August 2nd. BidaskClub cut shares of Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, ValuEngine raised shares of Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) opened at $16.64 on Friday. The company has a market cap of $397.96, a price-to-earnings ratio of 20.05 and a beta of 0.35. Southern National Bancorp of Virginia, Inc. has a 1-year low of $14.60 and a 1-year high of $18.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.94 and a quick ratio of 0.94.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Monday, November 13th were issued a $0.08 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.92%. Southern National Bancorp of Virginia’s payout ratio is 103.23%.

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About Southern National Bancorp of Virginia

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.

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

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