Southern National Banc. of Virginia, Inc (SONA) President Jeffrey Culver Purchases 1,000 Shares

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) President Jeffrey Culver bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was acquired at an average price of $15.38 per share, with a total value of $15,380.00. Following the completion of the purchase, the president now directly owns 8,000 shares of the company’s stock, valued at approximately $123,040. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Southern National Banc. of Virginia stock traded up $0.07 during trading on Tuesday, hitting $15.65. The company’s stock had a trading volume of 15,701 shares, compared to its average volume of 53,002. The firm has a market capitalization of $377.32 million, a P/E ratio of 17.78 and a beta of 0.39. Southern National Banc. of Virginia, Inc has a 1-year low of $14.37 and a 1-year high of $18.24. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03.

Southern National Banc. of Virginia (NASDAQ:SONA) last posted its quarterly earnings results on Thursday, October 25th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $25.23 million during the quarter, compared to the consensus estimate of $24.90 million. As a group, equities analysts predict that Southern National Banc. of Virginia, Inc will post 1.32 EPS for the current year.

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

A number of hedge funds have recently bought and sold shares of SONA. Brown Advisory Inc. purchased a new stake in Southern National Banc. of Virginia during the second quarter valued at about $179,000. Outfitter Advisors LTD. purchased a new stake in Southern National Banc. of Virginia during the second quarter valued at about $305,000. Bessemer Group Inc. purchased a new stake in Southern National Banc. of Virginia during the third quarter valued at about $314,000. Citadel Advisors LLC purchased a new stake in Southern National Banc. of Virginia during the second quarter valued at about $422,000. Finally, Strs Ohio purchased a new stake in Southern National Banc. of Virginia during the third quarter valued at about $573,000. 72.07% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the company. ValuEngine lowered Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. BidaskClub lowered Southern National Banc. of Virginia from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Finally, Zacks Investment Research upgraded Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, August 2nd.

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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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