Southern National Banc. of Virginia, Inc (NASDAQ:SONA) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
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Brokers have set a 12-month consensus price target of $20.50 for the company and are anticipating that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Southern National Banc. of Virginia an industry rank of 174 out of 255 based on the ratings given to related companies.
Several equities analysts have recently commented on SONA shares. BidaskClub upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. ValuEngine lowered shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research report on Friday, November 1st.
SONA traded down $0.01 during trading on Tuesday, hitting $15.85. The company had a trading volume of 51,100 shares, compared to its average volume of 49,329. The business has a 50-day moving average of $15.43 and a 200-day moving average of $15.04. The company has a market cap of $385.09 million, a PE ratio of 11.40 and a beta of 0.94. 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 has a 1-year low of $12.87 and a 1-year high of $16.27.
Southern National Banc. of Virginia (NASDAQ:SONA) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $23.99 million during the quarter, compared to analyst estimates of $24.80 million. Southern National Banc. of Virginia had a net margin of 23.91% and a return on equity of 9.82%. Research analysts forecast that Southern National Banc. of Virginia will post 1.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a $0.09 dividend. The ex-dividend date of this dividend 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 is presently 25.90%.
In related news, Chairman Georgia S. Derrico bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of $7.04 per share, for a total transaction of $70,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased a total of 13,851 shares of company stock valued at $126,663 in the last quarter. 5.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in SONA. Bank of Montreal Can bought a new position in Southern National Banc. of Virginia in the 2nd quarter valued at about $26,000. Steward Partners Investment Advisory LLC bought a new position in Southern National Banc. of Virginia in the 2nd quarter valued at about $28,000. Public Employees Retirement System of Ohio bought a new position in Southern National Banc. of Virginia in the 2nd quarter valued at about $35,000. FNY Investment Advisers LLC bought a new position in Southern National Banc. of Virginia in the 2nd quarter valued at about $76,000. Finally, Russell Investments Group Ltd. grew its position in Southern National Banc. of Virginia by 361.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,081 shares of the bank’s stock valued at $124,000 after buying an additional 6,328 shares in the last quarter. Hedge funds and other institutional investors own 71.19% of the company’s stock.
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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