Zacks: Southern National Banc. of Virginia, Inc (SONA) Given Average Recommendation of “Strong Buy” by Brokerages

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus target price of $20.50 for the company and are anticipating that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also assigned Southern National Banc. of Virginia an industry rank of 5 out of 265 based on the ratings given to its competitors.

SONA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Thursday, December 28th. BidaskClub cut shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th.

Southern National Banc. of Virginia (NASDAQ:SONA) opened at $15.74 on Thursday. The company has a market capitalization of $375.49, a P/E ratio of 196.75 and a beta of 0.26. 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 has a 1-year low of $15.11 and a 1-year high of $18.48.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, February 9th. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is presently 400.00%.

In related news, SVP William H. Lagos acquired 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was purchased at an average price of $9.20 per share, for a total transaction of $32,200.00. Following the transaction, the senior vice president now directly owns 36,657 shares of the company’s stock, valued at approximately $337,244.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Georgia S. Derrico acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average price of $9.20 per share, with a total value of $92,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 17,000 shares of company stock valued at $156,400 in the last 90 days. 9.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of SONA. Royal Bank of Canada raised its position in Southern National Banc. of Virginia by 137.8% in the 2nd quarter. Royal Bank of Canada now owns 6,277 shares of the bank’s stock worth $110,000 after purchasing an additional 3,637 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Southern National Banc. of Virginia during the 2nd quarter valued at $183,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Southern National Banc. of Virginia during the 3rd quarter valued at $184,000. GSA Capital Partners LLP bought a new stake in shares of Southern National Banc. of Virginia during the 2nd quarter valued at $190,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Southern National Banc. of Virginia during the 2nd quarter valued at $202,000. Hedge funds and other institutional investors own 68.39% of the company’s stock.

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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.

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