Southern National Banc. of Virginia (SONA) Downgraded by BidaskClub

BidaskClub downgraded shares of Southern National Banc. of Virginia (NASDAQ:SONA) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday.

SONA has been the subject of several other research reports. ValuEngine downgraded Southern National Banc. of Virginia from a hold rating to a sell rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded Southern National Banc. of Virginia from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Thursday, August 2nd.

Shares of NASDAQ SONA opened at $14.99 on Tuesday. Southern National Banc. of Virginia has a 52 week low of $14.37 and a 52 week high of $18.24. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $356.64 million, a price-to-earnings ratio of 17.03 and a beta of 0.30.



Southern National Banc. of Virginia (NASDAQ:SONA) last issued its earnings results on Thursday, October 25th. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. Southern National Banc. of Virginia had a return on equity of 9.83% and a net margin of 19.65%. The business had revenue of $25.23 million during the quarter, compared to the consensus estimate of $24.90 million. On average, equities analysts forecast that Southern National Banc. of Virginia will post 1.32 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Teton Advisors Inc. bought a new position in Southern National Banc. of Virginia in the 2nd quarter worth about $737,000. First Trust Advisors LP raised its holdings in shares of Southern National Banc. of Virginia by 21.5% in the 2nd quarter. First Trust Advisors LP now owns 33,969 shares of the bank’s stock valued at $606,000 after acquiring an additional 6,000 shares in the last quarter. Cove Street Capital LLC raised its holdings in shares of Southern National Banc. of Virginia by 20.0% in the 2nd quarter. Cove Street Capital LLC now owns 70,000 shares of the bank’s stock valued at $1,249,000 after acquiring an additional 11,668 shares in the last quarter. Maltese Capital Management LLC raised its holdings in shares of Southern National Banc. of Virginia by 35.4% in the 2nd quarter. Maltese Capital Management LLC now owns 281,400 shares of the bank’s stock valued at $5,020,000 after acquiring an additional 73,600 shares in the last quarter. Finally, FSI Group LLC raised its holdings in shares of Southern National Banc. of Virginia by 8.6% in the 2nd quarter. FSI Group LLC now owns 119,788 shares of the bank’s stock valued at $2,137,000 after acquiring an additional 9,458 shares in the last quarter. Institutional investors and hedge funds own 71.81% of the company’s stock.

About Southern National Banc. of Virginia

Southern National Bancorp of Virginia, Inc operates as the bank holding company for Sonabank that provides commercial banking services to middle market corporate clients and retail clients in the United States. Its deposit products include noninterest-bearing and interest-bearing checking, commercial checking, money market, and savings accounts, as well as certificates of deposit.

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