Southern National Banc. of Virginia, Inc (NASDAQ:SONA) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $20.50 for the company and are expecting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also assigned Southern National Banc. of Virginia an industry rank of 189 out of 265 based on the ratings given to related companies.

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A number of brokerages recently commented on SONA. BidaskClub raised shares of Southern National Banc. of Virginia from a “strong sell” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research lowered shares of Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a research report on Thursday.

Shares of Southern National Banc. of Virginia (NASDAQ:SONA) traded up $0.03 during mid-day trading on Friday, reaching $16.20. The company’s stock had a trading volume of 21,133 shares, compared to its average volume of 58,665. Southern National Banc. of Virginia has a 1-year low of $15.11 and a 1-year high of $18.48. The stock has a market cap of $387.60, a price-to-earnings ratio of 202.13 and a beta of 0.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.94 and a quick ratio of 0.94.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings results on Friday, January 26th. The bank reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Southern National Banc. of Virginia had a net margin of 2.72% and a return on equity of 5.97%. The firm had revenue of $25.30 million during the quarter, compared to the consensus estimate of $24.50 million. equities analysts anticipate that Southern National Banc. of Virginia will post 1.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, February 9th. Southern National Banc. of Virginia’s payout ratio is 400.00%.

In other news, Chairman Georgia S. Derrico bought 32,000 shares of the stock in a transaction on Monday, February 26th. The stock was bought at an average cost of $6.29 per share, for a total transaction of $201,280.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William H. Lagos bought 3,500 shares of the stock in a transaction on Tuesday, January 16th. The stock was purchased at an average price of $9.20 per share, with a total value of $32,200.00. Following the completion of the purchase, the senior vice president now owns 36,657 shares of the company’s stock, valued at $337,244.40. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 42,218 shares of company stock worth $316,436. 10.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nationwide Fund Advisors increased its holdings in Southern National Banc. of Virginia by 23.3% in the third quarter. Nationwide Fund Advisors now owns 18,925 shares of the bank’s stock valued at $322,000 after buying an additional 3,580 shares in the last quarter. Royal Bank of Canada boosted its position in Southern National Banc. of Virginia by 137.8% during the second quarter. Royal Bank of Canada now owns 6,277 shares of the bank’s stock worth $110,000 after acquiring an additional 3,637 shares during the last quarter. FSI Group LLC boosted its position in Southern National Banc. of Virginia by 4.6% during the fourth quarter. FSI Group LLC now owns 101,967 shares of the bank’s stock worth $1,635,000 after acquiring an additional 4,443 shares during the last quarter. American International Group Inc. boosted its position in Southern National Banc. of Virginia by 78.3% during the third quarter. American International Group Inc. now owns 12,390 shares of the bank’s stock worth $211,000 after acquiring an additional 5,441 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Southern National Banc. of Virginia by 25.4% during the second quarter. California State Teachers Retirement System now owns 28,184 shares of the bank’s stock worth $496,000 after acquiring an additional 5,700 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

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Southern National Banc. of Virginia Company Profile

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.

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