PL Capital Advisors LLC purchased a new position in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) during the second quarter, Holdings Channel reports. The firm purchased 118,385 shares of the bank’s stock, valued at approximately $2,084,000. Southern National Bancorp of Virginia makes up approximately 0.5% of PL Capital Advisors LLC’s investment portfolio, making the stock its 25th largest position.

Separately, Castle Creek Capital Partners IV LP acquired a new stake in shares of Southern National Bancorp of Virginia during the second quarter worth about $11,791,000. Hedge funds and other institutional investors own 75.34% of the company’s stock.

Shares of Southern National Bancorp of Virginia, Inc. (SONA) opened at 16.91 on Thursday. The company has a market capitalization of $404.32 million, a price-to-earnings ratio of 52.19 and a beta of 0.37. Southern National Bancorp of Virginia, Inc. has a 52 week low of $12.34 and a 52 week high of $18.48. The company’s 50 day moving average price is $17.38 and its 200-day moving average price is $17.06.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be given a $0.08 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.32 annualized dividend and a yield of 1.89%. Southern National Bancorp of Virginia’s payout ratio is 91.43%.

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SONA has been the subject of a number of research analyst reports. Zacks Investment Research lowered Southern National Bancorp of Virginia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. ValuEngine raised Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

In other Southern National Bancorp of Virginia news, Director John J. Forch acquired 6,800 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average cost of $8.08 per share, for a total transaction of $54,944.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.60% of the company’s stock.

About Southern National Bancorp 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.

Want to see what other hedge funds are holding SONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA).

Institutional Ownership by Quarter for Southern National Bancorp of Virginia (NASDAQ:SONA)

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