Southern National Banc. of Virginia, Inc (SONA) Lifted to “Buy” at ValuEngine
Southern National Banc. of Virginia, Inc (NASDAQ:SONA) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Separately, Zacks Investment Research upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research note on Wednesday, February 15th.
Shares of Southern National Banc. of Virginia (NASDAQ:SONA) opened at 17.54 on Friday. The stock has a market capitalization of $216.44 million, a PE ratio of 22.49 and a beta of 0.37. Southern National Banc. of Virginia has a 12 month low of $11.60 and a 12 month high of $18.48. The company’s 50-day moving average is $17.31 and its 200-day moving average is $16.48.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Monday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, May 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is 38.10%.
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In other Southern National Banc. of Virginia news, Director Frederick L. Bollerer purchased 3,800 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were bought at an average price of $8.56 per share, for a total transaction of $32,528.00. Following the purchase, the director now directly owns 9,989 shares in the company, valued at approximately $85,505.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John J. Forch purchased 6,800 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $8.08 per share, for a total transaction of $54,944.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 12,600 shares of company stock worth $99,952. 9.60% of the stock is currently owned by company insiders.
Southern National Banc. of Virginia Company Profile
Southern National Bancorp of Virginia, Inc (Southern National) is the bank holding company for Sonabank (Sonabank). The Company’s principal business is the acquisition of deposits from the general public through its branch offices and deposit intermediaries, as well as the use of these deposits to fund its loan and investment portfolios.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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