Southern National Banc. of Virginia (NASDAQ:SONA) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of Southern National Banc. of Virginia (NASDAQ:SONA) from a hold rating to a sell rating in a report released on Saturday, BidAskClub reports.

Separately, Zacks Investment Research raised Southern National Banc. of Virginia from a hold rating to a buy rating and set a $17.00 price target for the company in a report on Thursday, May 9th.

Shares of Southern National Banc. of Virginia stock opened at $14.94 on Friday. The business has a fifty day simple moving average of $15.25 and a two-hundred day simple moving average of $15.09. Southern National Banc. of Virginia has a 1 year low of $12.87 and a 1 year high of $17.74. The company has a market capitalization of $360.71 million, a price-to-earnings ratio of 10.75 and a beta of 0.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.96 and a quick ratio of 0.96.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, August 9th. Southern National Banc. of Virginia’s dividend payout ratio is 25.90%.

A number of institutional investors have recently made changes to their positions in the business. Banc Funds Co. LLC lifted its holdings in Southern National Banc. of Virginia by 0.7% during the 2nd quarter. Banc Funds Co. LLC now owns 1,366,006 shares of the bank’s stock valued at $20,914,000 after purchasing an additional 10,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Southern National Banc. of Virginia by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 867,222 shares of the bank’s stock valued at $13,277,000 after purchasing an additional 3,888 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Southern National Banc. of Virginia by 15.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 655,843 shares of the bank’s stock worth $8,670,000 after buying an additional 88,294 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Southern National Banc. of Virginia by 2.1% during the second quarter. Renaissance Technologies LLC now owns 576,813 shares of the bank’s stock worth $8,831,000 after buying an additional 11,900 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Southern National Banc. of Virginia by 2.6% during the first quarter. Royce & Associates LP now owns 553,566 shares of the bank’s stock worth $8,110,000 after buying an additional 14,000 shares in the last quarter. 70.99% of the stock is 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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