Southern National Banc. of Virginia, Inc (SONA) Insider Buys $30,500.00 in Stock

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) insider Georgia S. Derrico acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was purchased at an average price of $15.25 per share, for a total transaction of $30,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:SONA traded up $0.48 during midday trading on Friday, reaching $15.69. The stock had a trading volume of 62,800 shares, compared to its average volume of 49,167. Southern National Banc. of Virginia, Inc has a 12-month low of $14.37 and a 12-month high of $18.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $363.37 million, a price-to-earnings ratio of 11.36 and a beta of 0.39.

Southern National Banc. of Virginia (NASDAQ:SONA) last posted its quarterly earnings data on Thursday, October 25th. The bank reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Southern National Banc. of Virginia had a net margin of 19.65% and a return on equity of 9.83%. The firm had revenue of $25.23 million for the quarter, compared to analyst estimates of $24.90 million. As a group, analysts expect that Southern National Banc. of Virginia, Inc will post 1.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Monday, November 12th will be given a $0.08 dividend. The ex-dividend date is Friday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 2.04%. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is 36.36%.

A number of equities analysts recently weighed in on SONA shares. BidaskClub lowered shares of Southern National Banc. of Virginia from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 29th. ValuEngine lowered shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research upgraded shares of Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Thursday, August 2nd.

A number of large investors have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its position in shares of Southern National Banc. of Virginia by 9.2% during the 2nd quarter. California Public Employees Retirement System now owns 44,120 shares of the bank’s stock worth $787,000 after purchasing an additional 3,722 shares in the last quarter. Teton Advisors Inc. boosted its position in shares of Southern National Banc. of Virginia by 14.0% during the 3rd quarter. Teton Advisors Inc. now owns 47,100 shares of the bank’s stock worth $763,000 after purchasing an additional 5,800 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Southern National Banc. of Virginia by 21.5% during the 2nd quarter. First Trust Advisors LP now owns 33,969 shares of the bank’s stock worth $606,000 after purchasing an additional 6,000 shares in the last quarter. FSI Group LLC boosted its position in shares of Southern National Banc. of Virginia by 8.6% during the 2nd quarter. FSI Group LLC now owns 119,788 shares of the bank’s stock worth $2,137,000 after purchasing an additional 9,458 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Southern National Banc. of Virginia during the 2nd quarter worth $179,000. Hedge funds and other institutional investors own 71.94% of the company’s stock.

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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Insider Buying and Selling by Quarter for Southern National Banc. of Virginia (NASDAQ:SONA)

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