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

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

Analysts have set a 1 year consensus price objective of $20.50 for the company and are expecting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Southern National Banc. of Virginia an industry rank of 200 out of 256 based on the ratings given to its competitors.

Several analysts have commented on the company. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Finally, BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th.

SONA traded up $0.10 during midday trading on Friday, hitting $15.35. The company’s stock had a trading volume of 40,145 shares, compared to its average volume of 63,218. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $367.79 million, a price-to-earnings ratio of 11.04 and a beta of 0.83. The firm has a 50-day simple moving average of $14.63. Southern National Banc. of Virginia has a 52-week low of $12.87 and a 52-week high of $17.99.

Southern National Banc. of Virginia (NASDAQ:SONA) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $33.37 million during the quarter, compared to analysts’ expectations of $24.10 million. Southern National Banc. of Virginia had a return on equity of 9.99% and a net margin of 23.94%. On average, sell-side analysts forecast that Southern National Banc. of Virginia will post 1.39 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FSI Group LLC lifted its stake in shares of Southern National Banc. of Virginia by 3.5% in the 1st quarter. FSI Group LLC now owns 140,537 shares of the bank’s stock valued at $2,059,000 after purchasing an additional 4,817 shares in the last quarter. Walthausen & Co. LLC lifted its stake in shares of Southern National Banc. of Virginia by 5.8% in the 4th quarter. Walthausen & Co. LLC now owns 72,980 shares of the bank’s stock valued at $965,000 after purchasing an additional 3,990 shares in the last quarter. Martingale Asset Management L P lifted its stake in shares of Southern National Banc. of Virginia by 21.7% in the 1st quarter. Martingale Asset Management L P now owns 109,914 shares of the bank’s stock valued at $1,611,000 after purchasing an additional 19,590 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Southern National Banc. of Virginia by 16.0% in the 4th quarter. Citigroup Inc. now owns 6,074 shares of the bank’s stock valued at $80,000 after purchasing an additional 838 shares in the last quarter. Finally, AJO LP lifted its position in Southern National Banc. of Virginia by 39.7% during the 1st quarter. AJO LP now owns 52,477 shares of the bank’s stock worth $769,000 after acquiring an additional 14,921 shares in the last quarter. 71.48% of the stock is currently owned by institutional investors and hedge funds.

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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