New York State Common Retirement Fund grew its holdings in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) by 1,747.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,800 shares of the bank’s stock after buying an additional 13,999 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Southern National Bancorp of Virginia worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. ClariVest Asset Management LLC acquired a new stake in shares of Southern National Bancorp of Virginia in the 2nd quarter valued at approximately $107,000. Rhumbline Advisers acquired a new stake in shares of Southern National Bancorp of Virginia in the 2nd quarter valued at approximately $216,000. First Trust Advisors LP acquired a new stake in shares of Southern National Bancorp of Virginia in the 2nd quarter valued at approximately $252,000. Nationwide Fund Advisors lifted its holdings in shares of Southern National Bancorp of Virginia by 11.6% in the 2nd quarter. Nationwide Fund Advisors now owns 15,345 shares of the bank’s stock valued at $270,000 after buying an additional 1,600 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Southern National Bancorp of Virginia in the 2nd quarter valued at approximately $270,000. 67.56% of the stock is owned by institutional investors and hedge funds.

Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) opened at $16.57 on Tuesday. The stock has a market capitalization of $392.71, a price-to-earnings ratio of 19.78 and a beta of 0.35. Southern National Bancorp of Virginia, Inc. has a 1-year low of $14.31 and a 1-year high of $18.48. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.17.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Monday, November 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.32 annualized dividend and a yield of 1.93%. Southern National Bancorp of Virginia’s dividend payout ratio is presently 103.23%.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/11/21/southern-national-bancorp-of-virginia-inc-sona-stake-increased-by-new-york-state-common-retirement-fund.html.

Several research firms have recently commented on SONA. BidaskClub cut Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Zacks Investment Research cut Southern National Bancorp of Virginia from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, ValuEngine raised Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

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)

Receive News & Ratings for Southern National Bancorp of Virginia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern National Bancorp of Virginia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.