Southern National Banc. of Virginia, Inc (NASDAQ:SONA) Director Robert Yates Clagett bought 1,603 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of $15.55 per share, with a total value of $24,926.65. Following the acquisition, the director now directly owns 24,755 shares of the company’s stock, valued at $384,940.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) opened at $16.26 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.17. Southern National Banc. of Virginia, Inc has a 1-year low of $15.11 and a 1-year high of $18.48. The stock has a market cap of $390.56, a price-to-earnings ratio of 203.25 and a beta of 0.32.

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Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings data on Friday, January 26th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $25.30 million during the quarter, compared to analyst estimates of $24.50 million. equities research analysts forecast that Southern National Banc. of Virginia, Inc will post 1.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, February 9th. Southern National Banc. of Virginia’s dividend payout ratio is currently 400.00%.

Several institutional investors and hedge funds have recently made changes to their positions in SONA. Wells Fargo & Company MN grew its holdings in shares of Southern National Banc. of Virginia by 288.5% in the second quarter. Wells Fargo & Company MN now owns 25,177 shares of the bank’s stock valued at $443,000 after purchasing an additional 18,697 shares during the period. Teachers Advisors LLC grew its holdings in shares of Southern National Banc. of Virginia by 9.8% in the second quarter. Teachers Advisors LLC now owns 21,411 shares of the bank’s stock valued at $377,000 after purchasing an additional 1,909 shares during the period. Nationwide Fund Advisors grew its holdings in shares of Southern National Banc. of Virginia by 11.6% in the second quarter. Nationwide Fund Advisors now owns 15,345 shares of the bank’s stock valued at $270,000 after purchasing an additional 1,600 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Southern National Banc. of Virginia by 1,747.7% in the second quarter. New York State Common Retirement Fund now owns 14,800 shares of the bank’s stock valued at $260,000 after purchasing an additional 13,999 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Southern National Banc. of Virginia by 71.1% in the second quarter. Northern Trust Corp now owns 198,851 shares of the bank’s stock valued at $3,500,000 after purchasing an additional 82,641 shares during the period. 68.26% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on SONA shares. Zacks Investment Research lowered shares of Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. BidaskClub lowered shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a report on Thursday, December 14th.

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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.

Insider Buying and Selling by Quarter for Southern National Banc. of Virginia (NASDAQ:SONA)

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