Penn Capital Management Co. Inc. boosted its position in shares of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) by 58.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,446 shares of the bank’s stock after purchasing an additional 80,761 shares during the period. Penn Capital Management Co. Inc. owned about 0.91% of Southern National Bancorp of Virginia worth $3,845,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ClariVest Asset Management LLC bought a new position in Southern National Bancorp of Virginia during the 2nd quarter worth about $107,000. Castle Creek Capital Partners IV LP bought a new position in Southern National Bancorp of Virginia during the 2nd quarter worth about $11,791,000. First Manhattan Co. increased its holdings in Southern National Bancorp of Virginia by 4.2% during the 2nd quarter. First Manhattan Co. now owns 261,281 shares of the bank’s stock worth $4,598,000 after purchasing an additional 10,609 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in Southern National Bancorp of Virginia by 140.9% during the 2nd quarter. Kennedy Capital Management Inc. now owns 144,735 shares of the bank’s stock worth $2,547,000 after purchasing an additional 84,664 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Southern National Bancorp of Virginia during the 2nd quarter worth about $270,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

In other Southern National Bancorp of Virginia news, Chairman Georgia S. Derrico bought 4,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $15.75 per share, with a total value of $63,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.60% of the company’s stock.

Southern National Bancorp of Virginia, Inc. (SONA) traded up 0.56% during trading on Friday, reaching $16.29. The company’s stock had a trading volume of 8,142 shares. Southern National Bancorp of Virginia, Inc. has a 12 month low of $12.72 and a 12 month high of $18.48. The company has a market cap of $389.49 million, a P/E ratio of 48.92 and a beta of 0.36. The stock’s 50-day moving average is $16.37 and its 200 day moving average is $16.99.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, August 10th. Southern National Bancorp of Virginia’s payout ratio is presently 91.43%.

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SONA has been the subject of a number of research reports. ValuEngine upgraded Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, August 2nd. Finally, BidaskClub cut Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.

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.

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

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