Southern National Banc. of Virginia, Inc (SONA) Director Purchases $50,008.00 in Stock

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) Director John Fitzgerald Biagas acquired 3,290 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The stock was purchased at an average price of $15.20 per share, for a total transaction of $50,008.00. Following the acquisition, the director now directly owns 45,379 shares of the company’s stock, valued at approximately $689,760.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

NASDAQ:SONA opened at $15.69 on Friday. Southern National Banc. of Virginia, Inc has a 52 week low of $14.37 and a 52 week high of $18.24. The company has a market capitalization of $377.31 million, a P/E ratio of 11.80 and a beta of 0.39. 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 (NASDAQ:SONA) last announced its quarterly earnings results on Thursday, October 25th. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. Southern National Banc. of Virginia had a return on equity of 9.83% and a net margin of 19.65%. The company had revenue of $25.23 million for the quarter, compared to the consensus estimate of $24.90 million. On average, sell-side analysts anticipate that Southern National Banc. of Virginia, Inc will post 1.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 12th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.32 annualized dividend and a yield of 2.04%. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is presently 36.36%.

A number of hedge funds have recently made changes to their positions in SONA. Brown Advisory Inc. acquired a new position in Southern National Banc. of Virginia during the second quarter valued at approximately $179,000. Outfitter Advisors LTD. acquired a new position in Southern National Banc. of Virginia during the second quarter valued at approximately $305,000. Citadel Advisors LLC acquired a new position in Southern National Banc. of Virginia during the second quarter valued at approximately $422,000. Strs Ohio acquired a new position in Southern National Banc. of Virginia during the third quarter valued at approximately $573,000. Finally, First Trust Advisors LP grew its holdings in Southern National Banc. of Virginia by 21.5% during the second quarter. First Trust Advisors LP now owns 33,969 shares of the bank’s stock valued at $606,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors own 71.94% of the company’s stock.

A number of research firms recently commented on SONA. BidaskClub downgraded Southern National Banc. of Virginia from a “sell” rating to a “strong sell” rating in a report on Saturday, September 29th. Zacks Investment Research upgraded 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 report on Thursday, August 2nd. Finally, ValuEngine downgraded Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a report on Saturday, July 28th.

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

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