Analysts Anticipate Southern National Banc. of Virginia, Inc (SONA) to Post $0.24 EPS

Shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $20.50 for the company and are expecting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given Southern National Banc. of Virginia an industry rank of 17 out of 265 based on the ratings given to related companies.

Several analysts have weighed in on SONA shares. Zacks Investment Research downgraded Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. ValuEngine downgraded Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, BidaskClub downgraded Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th.

Shares of Southern National Banc. of Virginia (SONA) traded up $0.08 during mid-day trading on Monday, reaching $16.37. The company’s stock had a trading volume of 42,800 shares, compared to its average volume of 97,786. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.17. Southern National Banc. of Virginia has a 12-month low of $15.11 and a 12-month high of $18.48. The company has a market capitalization of $386.01, a P/E ratio of 52.81 and a beta of 0.37.

In other Southern National Banc. of Virginia news, insider Georgia S. Derrico bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average price of $9.20 per share, for a total transaction of $92,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.20% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in SONA. First Trust Advisors LP bought a new position in shares of Southern National Banc. of Virginia during the second quarter valued at approximately $252,000. Rhumbline Advisers bought a new position in shares of Southern National Banc. of Virginia during the second quarter valued at approximately $216,000. Bank of New York Mellon Corp raised its holdings in shares of Southern National Banc. of Virginia by 42.1% during the second quarter. Bank of New York Mellon Corp now owns 99,728 shares of the bank’s stock valued at $1,755,000 after acquiring an additional 29,566 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Southern National Banc. of Virginia during the second quarter valued at approximately $270,000. Finally, Kennedy Capital Management Inc. raised its holdings in shares of Southern National Banc. of Virginia by 140.9% during the second quarter. Kennedy Capital Management Inc. now owns 144,735 shares of the bank’s stock valued at $2,547,000 after acquiring an additional 84,664 shares in the last quarter. Institutional investors own 68.50% of the company’s stock.

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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.

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