Southern National Banc. of Virginia, Inc (NASDAQ:SONA) – Equities research analysts at FIG Partners increased their FY2018 earnings estimates for Southern National Banc. of Virginia in a report issued on Tuesday, Zacks Investment Research reports. FIG Partners analyst C. Marinac now anticipates that the bank will earn $1.15 per share for the year, up from their prior estimate of $1.14. FIG Partners also issued estimates for Southern National Banc. of Virginia’s FY2019 earnings at $1.25 EPS.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday. BidaskClub upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a report on Thursday, January 11th.
Southern National Banc. of Virginia (SONA) traded down $0.16 during mid-day trading on Wednesday, reaching $16.10. 46,405 shares of the company’s stock traded hands, compared to its average volume of 59,318. Southern National Banc. of Virginia has a fifty-two week low of $15.11 and a fifty-two 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. The company has a market capitalization of $388.64, a price-to-earnings ratio of 201.25 and a beta of 0.32.
Southern National Banc. of Virginia (NASDAQ:SONA) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Southern National Banc. of Virginia had a net margin of 2.72% and a return on equity of 6.34%. The business had revenue of $25.30 million during the quarter, compared to analyst estimates of $24.50 million.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were issued a $0.08 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.32 annualized dividend and a dividend yield of 1.99%. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is presently 400.00%.
In other news, Chairman Georgia S. Derrico bought 32,000 shares of the stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $6.29 per share, for a total transaction of $201,280.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William H. Lagos bought 3,500 shares of the stock in a transaction dated Tuesday, January 16th. The stock was purchased at an average price of $9.20 per share, with a total value of $32,200.00. Following the acquisition, the senior vice president now directly owns 36,657 shares in the company, valued at approximately $337,244.40. The disclosure for this purchase can be found here. Insiders bought a total of 42,218 shares of company stock valued at $316,436 in the last 90 days. Company insiders own 10.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of Southern National Banc. of Virginia in the 4th quarter worth about $173,000. Deutsche Bank AG increased its stake in Southern National Banc. of Virginia by 32.0% in the 4th quarter. Deutsche Bank AG now owns 207,082 shares of the bank’s stock worth $3,317,000 after buying an additional 50,194 shares during the period. Renaissance Technologies LLC increased its stake in Southern National Banc. of Virginia by 19.0% in the 4th quarter. Renaissance Technologies LLC now owns 417,142 shares of the bank’s stock worth $6,687,000 after buying an additional 66,500 shares during the period. Context BH Capital Management LP increased its stake in Southern National Banc. of Virginia by 11.4% in the 4th quarter. Context BH Capital Management LP now owns 90,430 shares of the bank’s stock worth $1,450,000 after buying an additional 9,274 shares during the period. Finally, Kennedy Capital Management Inc. increased its stake in Southern National Banc. of Virginia by 9.0% in the 4th quarter. Kennedy Capital Management Inc. now owns 444,010 shares of the bank’s stock worth $7,117,000 after buying an additional 36,729 shares during the period. Hedge funds and other institutional investors own 68.26% 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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