Southern National Banc. of Virginia, Inc (SONA) Given $20.50 Consensus Target Price by Brokerages

Shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $20.50 for the company and are predicting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given Southern National Banc. of Virginia an industry rank of 43 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently issued reports on SONA. Zacks Investment Research lowered Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. BidaskClub raised Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th.

In related news, insider Georgia S. Derrico acquired 10,000 shares of the stock in a transaction on Thursday, November 30th. The shares were bought at an average price of $9.20 per share, with a total value of $92,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William H. Lagos acquired 3,500 shares of the stock in a transaction on Tuesday, January 16th. The shares were bought at an average cost of $9.20 per share, for a total transaction of $32,200.00. Following the purchase, the senior vice president now directly owns 36,657 shares of the company’s stock, valued at approximately $337,244.40. The disclosure for this purchase can be found here. Insiders have acquired 17,000 shares of company stock worth $156,400 in the last three months. 10.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SONA. The Manufacturers Life Insurance Company boosted its stake in Southern National Banc. of Virginia by 3,608.9% during the second quarter. The Manufacturers Life Insurance Company now owns 367,407 shares of the bank’s stock worth $6,466,000 after buying an additional 357,501 shares during the last quarter. Northern Trust Corp raised its position in Southern National Banc. of Virginia by 71.1% in the second quarter. Northern Trust Corp now owns 198,851 shares of the bank’s stock valued at $3,500,000 after purchasing an additional 82,641 shares during the period. Vanguard Group Inc. raised its position in Southern National Banc. of Virginia by 17.0% in the second quarter. Vanguard Group Inc. now owns 538,160 shares of the bank’s stock valued at $9,472,000 after purchasing an additional 78,370 shares during the period. Royce & Associates LP raised its position in Southern National Banc. of Virginia by 21.3% in the fourth quarter. Royce & Associates LP now owns 381,904 shares of the bank’s stock valued at $6,122,000 after purchasing an additional 67,000 shares during the period. Finally, Renaissance Technologies LLC raised its position in Southern National Banc. of Virginia by 19.0% in the fourth quarter. Renaissance Technologies LLC now owns 417,142 shares of the bank’s stock valued at $6,687,000 after purchasing an additional 66,500 shares during the period. 67.84% of the stock is currently owned by institutional investors.

Shares of Southern National Banc. of Virginia (NASDAQ:SONA) traded up $0.15 during trading hours on Monday, hitting $16.10. The stock had a trading volume of 46,000 shares, compared to its average volume of 69,352. 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 has a market capitalization of $385.05, a price-to-earnings ratio of 201.25 and a beta of 0.26. Southern National Banc. of Virginia has a 12-month low of $15.11 and a 12-month high of $18.48.

Southern National Banc. of Virginia (NASDAQ:SONA) last issued its quarterly earnings results on Friday, January 26th. The bank reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. The firm had revenue of $25.30 million for the quarter, compared to analyst estimates of $24.50 million. Southern National Banc. of Virginia had a return on equity of 6.34% and a net margin of 2.72%. analysts forecast that Southern National Banc. of Virginia will post 1.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 12th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, February 9th. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is currently 400.00%.

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About Southern National Banc. 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.

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