Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) Chairman Georgia S. Derrico bought 4,000 shares of the stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $15.75 per share, with a total value of $63,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Southern National Bancorp of Virginia, Inc. (SONA) traded up 1.34% during midday trading on Friday, hitting $16.60. The stock had a trading volume of 60,803 shares. Southern National Bancorp of Virginia, Inc. has a 1-year low of $12.34 and a 1-year high of $18.48. The stock has a market cap of $396.91 million, a price-to-earnings ratio of 49.85 and a beta of 0.37. The company has a 50-day moving average of $16.86 and a 200-day moving average of $17.04.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, August 10th. Southern National Bancorp of Virginia’s dividend payout ratio is presently 91.43%.
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SONA has been the subject of several research reports. Zacks Investment Research cut Southern National Bancorp of Virginia from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.
A number of hedge funds have recently bought and sold shares of SONA. Teachers Advisors LLC increased its stake in Southern National Bancorp 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 buying an additional 1,909 shares in the last quarter. Wells Fargo & Company MN increased its stake in Southern National Bancorp 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 buying an additional 18,697 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in Southern National Bancorp of Virginia by 140.9% in the second quarter. Kennedy Capital Management Inc. now owns 144,735 shares of the bank’s stock valued at $2,547,000 after buying an additional 84,664 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Southern National Bancorp of Virginia during the second quarter valued at $270,000. Finally, FSI Group LLC acquired a new stake in Southern National Bancorp of Virginia during the second quarter valued at $1,929,000. 40.07% of the stock is owned by institutional investors and hedge funds.
Southern National Bancorp 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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