Southern National Banc. of Virginia, Inc (NASDAQ:SONA) Receives Consensus Recommendation of “Buy” from Brokerages

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) has earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a 1 year consensus price objective of $20.50 for the company and are anticipating that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Southern National Banc. of Virginia an industry rank of 174 out of 255 based on the ratings given to related companies.

Several equities research analysts recently commented on SONA shares. ValuEngine cut Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. BidaskClub raised Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th.

Shares of SONA stock traded down $0.01 on Tuesday, hitting $15.85. 51,100 shares of the company’s stock were exchanged, compared to its average volume of 49,329. The company has a 50 day moving average of $15.43 and a 200 day moving average of $15.04. Southern National Banc. of Virginia has a 12 month low of $12.87 and a 12 month high of $16.27. The stock has a market cap of $385.09 million, a P/E ratio of 11.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.96 and a quick ratio of 0.96.

Southern National Banc. of Virginia (NASDAQ:SONA) last released its earnings results on Thursday, October 24th. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Southern National Banc. of Virginia had a return on equity of 9.82% and a net margin of 23.91%. The business had revenue of $23.99 million during the quarter, compared to analysts’ expectations of $24.80 million. Sell-side analysts predict that Southern National Banc. of Virginia will post 1.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.36 annualized dividend and a yield of 2.27%. Southern National Banc. of Virginia’s payout ratio is currently 25.90%.

In other news, Chairman Georgia S. Derrico purchased 10,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were acquired at an average price of $7.04 per share, for a total transaction of $70,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders acquired 13,851 shares of company stock worth $126,663. Corporate insiders own 5.50% of the company’s stock.

A number of large investors have recently made changes to their positions in SONA. Marshall Wace LLP boosted its holdings in Southern National Banc. of Virginia by 268.2% in the first quarter. Marshall Wace LLP now owns 18,088 shares of the bank’s stock worth $265,000 after acquiring an additional 13,176 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Southern National Banc. of Virginia in the second quarter worth approximately $76,000. Strs Ohio boosted its holdings in Southern National Banc. of Virginia by 1.8% in the second quarter. Strs Ohio now owns 40,700 shares of the bank’s stock worth $623,000 after acquiring an additional 700 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Southern National Banc. of Virginia in the second quarter worth approximately $28,000. Finally, PL Capital Advisors LLC boosted its holdings in Southern National Banc. of Virginia by 4.3% in the second quarter. PL Capital Advisors LLC now owns 436,176 shares of the bank’s stock worth $6,678,000 after acquiring an additional 17,791 shares in the last quarter. Institutional investors and hedge funds own 71.19% 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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