Southern National Banc. of Virginia, Inc (SONA) to Issue $0.08 Quarterly Dividend

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) declared a quarterly dividend on Monday, January 29th, Wall Street Journal reports. Investors of record on Monday, February 12th will be given a dividend of 0.08 per share by the bank on Friday, February 23rd. This represents a $0.32 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, February 9th.

Southern National Banc. of Virginia (NASDAQ:SONA) traded up $0.11 during midday trading on Monday, reaching $16.29. 43,430 shares of the company traded hands, compared to its average volume of 65,591. The stock has a market capitalization of $386.97, a PE ratio of 18.39 and a beta of 0.37. Southern National Banc. of Virginia has a 52-week low of $15.11 and a 52-week high of $18.48. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.17.

Southern National Banc. of Virginia (NASDAQ:SONA) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Southern National Banc. of Virginia had a return on equity of 6.34% and a net margin of 2.72%. equities research analysts predict that Southern National Banc. of Virginia will post 1.14 earnings per share for the current year.

Several research analysts recently issued reports on SONA shares. BidaskClub cut shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Zacks Investment Research cut shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. Finally, ValuEngine cut shares of Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th.

In related news, SVP William H. Lagos bought 3,500 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was bought at an average cost of $9.20 per share, with a total value of $32,200.00. Following the completion of the acquisition, the senior vice president now owns 36,657 shares in the company, valued at approximately $337,244.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Georgia S. Derrico bought 10,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of $9.20 per share, with a total value of $92,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 17,000 shares of company stock valued at $156,400. 10.20% of the stock is currently owned by corporate insiders.

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About Southern National Banc. 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.

Dividend History for Southern National Banc. of Virginia (NASDAQ:SONA)

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