Southern National Banc. of Virginia (SONA) Downgraded by ValuEngine to Sell

Southern National Banc. of Virginia (NASDAQ:SONA) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday.

SONA has been the topic of several other research reports. BidaskClub raised Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research raised Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, August 2nd.

Shares of NASDAQ:SONA opened at $17.46 on Tuesday. The company has a market cap of $422.53 million, a PE ratio of 19.84 and a beta of 0.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93. Southern National Banc. of Virginia has a 12 month low of $15.11 and a 12 month high of $18.24.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings results on Thursday, July 26th. The bank reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.07. The business had revenue of $25.73 million for the quarter, compared to analyst estimates of $24.10 million. Southern National Banc. of Virginia had a return on equity of 8.52% and a net margin of 16.31%. analysts expect that Southern National Banc. of Virginia will post 1.32 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in SONA. MetLife Investment Advisors LLC purchased a new stake in shares of Southern National Banc. of Virginia during the 4th quarter worth approximately $173,000. FSI Group LLC boosted its stake in shares of Southern National Banc. of Virginia by 8.2% during the 1st quarter. FSI Group LLC now owns 110,330 shares of the bank’s stock worth $1,748,000 after acquiring an additional 8,363 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Southern National Banc. of Virginia by 3.3% in the 1st quarter. Victory Capital Management Inc. now owns 97,100 shares of the bank’s stock valued at $1,538,000 after buying an additional 3,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Southern National Banc. of Virginia by 25.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 416,100 shares of the bank’s stock valued at $6,591,000 after buying an additional 83,624 shares in the last quarter. Finally, Maltese Capital Management LLC purchased a new stake in Southern National Banc. of Virginia in the 1st quarter valued at approximately $3,292,000. 71.82% of the stock is currently owned by institutional investors and hedge funds.

About Southern National Banc. of Virginia

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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