Southern National Bancorp of Virginia, Inc. Announces Quarterly Dividend of $0.08 (SONA)
Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) announced a quarterly dividend on Thursday, October 26th, NASDAQ reports. Investors of record on Monday, November 13th will be given a dividend of 0.08 per share by the bank on Friday, November 24th. This represents a $0.32 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, November 10th.
Shares of Southern National Bancorp of Virginia (NASDAQ:SONA) opened at 16.38 on Friday. Southern National Bancorp of Virginia has a 1-year low of $12.74 and a 1-year high of $18.48. The company has a 50-day moving average price of $16.68 and a 200 day moving average price of $17.04. The firm has a market capitalization of $391.65 million, a price-to-earnings ratio of 49.19 and a beta of 0.36.
In other news, Chairman Georgia S. Derrico acquired 4,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $15.75 per share, for a total transaction of $63,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.60% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on SONA shares. Zacks Investment Research upgraded Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Wednesday, August 30th. ValuEngine upgraded Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.
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About Southern National Bancorp of Virginia
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.
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