Southern National Banc. of Virginia, Inc (NASDAQ:SONA) Director Robert Yates Clagett Acquires 941 Shares

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) Director Robert Yates Clagett bought 941 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $15.89 per share, with a total value of $14,952.49. Following the completion of the purchase, the director now directly owns 26,639 shares of the company’s stock, valued at $423,293.71. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:SONA traded down $0.01 during mid-day trading on Friday, reaching $15.85. The stock had a trading volume of 51,100 shares, compared to its average volume of 49,329. The company has a market capitalization of $385.09 million, a price-to-earnings ratio of 11.40 and a beta of 0.94. Southern National Banc. of Virginia, Inc has a 1-year low of $12.87 and a 1-year high of $16.27. The stock’s 50 day simple moving average is $15.43 and its two-hundred day simple moving average is $15.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.96 and a quick ratio of 0.96.

Southern National Banc. of Virginia (NASDAQ:SONA) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The business had revenue of $23.99 million during the quarter, compared to the consensus estimate of $24.80 million. Southern National Banc. of Virginia had a return on equity of 9.82% and a net margin of 23.91%. Sell-side analysts anticipate that Southern National Banc. of Virginia, Inc will post 1.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be paid a $0.09 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is 25.90%.

A number of large investors have recently bought and sold shares of SONA. Marshall Wace LLP grew its stake in Southern National Banc. of Virginia by 268.2% in the first quarter. Marshall Wace LLP now owns 18,088 shares of the bank’s stock worth $265,000 after purchasing an additional 13,176 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Southern National Banc. of Virginia in the second quarter worth about $76,000. Strs Ohio grew its stake in Southern National Banc. of Virginia by 1.8% in the second quarter. Strs Ohio now owns 40,700 shares of the bank’s stock worth $623,000 after purchasing an additional 700 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Southern National Banc. of Virginia in the second quarter worth about $28,000. Finally, PL Capital Advisors LLC boosted its stake in Southern National Banc. of Virginia by 4.3% in the second quarter. PL Capital Advisors LLC now owns 436,176 shares of the bank’s stock valued at $6,678,000 after acquiring an additional 17,791 shares during the period. Institutional investors and hedge funds own 71.19% of the company’s stock.

A number of equities analysts recently commented on SONA shares. BidaskClub upgraded Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. ValuEngine downgraded Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.

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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Insider Buying and Selling by Quarter for Southern National Banc. of Virginia (NASDAQ:SONA)

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