Southern National Banc. of Virginia, Inc (SONA) Receives Average Recommendation of “Strong Buy” from Analysts

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

Brokers have set a 12-month consensus target price of $20.50 for the company and are forecasting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Southern National Banc. of Virginia an industry rank of 189 out of 256 based on the ratings given to related companies.

A number of research firms recently commented on SONA. Zacks Investment Research cut Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. BidaskClub cut Southern National Banc. of Virginia from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd.



In other news, insider Georgia S. Derrico purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were bought at an average cost of $15.25 per share, for a total transaction of $30,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Fitzgerald Biagas purchased 3,290 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were purchased at an average price of $15.20 per share, for a total transaction of $50,008.00. Following the completion of the purchase, the director now directly owns 45,379 shares of the company’s stock, valued at $689,760.80. The disclosure for this purchase can be found here. Insiders purchased 16,910 shares of company stock worth $201,820 over the last quarter. 6.00% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its stake in Southern National Banc. of Virginia by 9.2% during the second quarter. California Public Employees Retirement System now owns 44,120 shares of the bank’s stock worth $787,000 after purchasing an additional 3,722 shares in the last quarter. Teton Advisors Inc. lifted its stake in Southern National Banc. of Virginia by 14.0% during the third quarter. Teton Advisors Inc. now owns 47,100 shares of the bank’s stock worth $763,000 after purchasing an additional 5,800 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in Southern National Banc. of Virginia by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 16,758 shares of the bank’s stock worth $271,000 after purchasing an additional 5,959 shares in the last quarter. First Trust Advisors LP lifted its stake in Southern National Banc. of Virginia by 21.5% during the second quarter. First Trust Advisors LP now owns 33,969 shares of the bank’s stock worth $606,000 after purchasing an additional 6,000 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Southern National Banc. of Virginia by 0.9% during the third quarter. BlackRock Inc. now owns 1,080,202 shares of the bank’s stock worth $17,499,000 after purchasing an additional 9,170 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Shares of Southern National Banc. of Virginia stock opened at $14.34 on Friday. The company has a market cap of $342.02 million, a PE ratio of 16.30 and a beta of 0.63. Southern National Banc. of Virginia has a 1-year low of $12.87 and a 1-year high of $18.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94.

Southern National Banc. of Virginia (NASDAQ:SONA) last released its quarterly earnings data on Thursday, October 25th. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Southern National Banc. of Virginia had a return on equity of 9.74% and a net margin of 19.65%. The firm had revenue of $25.23 million for the quarter, compared to analysts’ expectations of $24.90 million. As a group, analysts expect that Southern National Banc. of Virginia will post 1.37 earnings per share for the current fiscal year.

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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