Analysts Expect Southern National Banc. of Virginia, Inc (NASDAQ:SONA) to Post $0.35 Earnings Per Share

Shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokers have set a 1 year consensus price target of $20.50 for the company and are forecasting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Southern National Banc. of Virginia an industry rank of 174 out of 256 based on the ratings given to its competitors.

SONA has been the topic of a number of research analyst reports. ValuEngine raised shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. BidaskClub upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th.



Southern National Banc. of Virginia stock traded down $0.03 during trading hours on Friday, reaching $15.42. 30,744 shares of the company’s stock were exchanged, compared to its average volume of 36,211. The firm has a market capitalization of $375.92 million, a PE ratio of 11.09 and a beta of 0.89. The firm’s 50 day simple moving average is $14.99 and its 200 day simple moving average is $14.97. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.18. Southern National Banc. of Virginia has a twelve month low of $12.87 and a twelve month high of $17.00.

Southern National Banc. of Virginia (NASDAQ:SONA) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. The company had revenue of $24.15 million for the quarter, compared to analysts’ expectations of $24.50 million. Southern National Banc. of Virginia had a net margin of 24.04% and a return on equity of 9.92%. Analysts anticipate that Southern National Banc. of Virginia will post 1.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, August 9th. Southern National Banc. of Virginia’s payout ratio is 25.90%.

A number of hedge funds and other institutional investors have recently bought and sold shares of SONA. LSV Asset Management lifted its position in Southern National Banc. of Virginia by 76.1% in the second quarter. LSV Asset Management now owns 441,900 shares of the bank’s stock valued at $6,765,000 after buying an additional 190,962 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Southern National Banc. of Virginia by 15.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 655,843 shares of the bank’s stock worth $8,670,000 after acquiring an additional 88,294 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Southern National Banc. of Virginia during the second quarter worth approximately $1,031,000. Acadian Asset Management LLC grew its position in shares of Southern National Banc. of Virginia by 2,040.6% during the first quarter. Acadian Asset Management LLC now owns 67,516 shares of the bank’s stock worth $988,000 after acquiring an additional 64,362 shares during the last quarter. Finally, Penn Capital Management Co. Inc. grew its position in shares of Southern National Banc. of Virginia by 44.4% during the second quarter. Penn Capital Management Co. Inc. now owns 137,340 shares of the bank’s stock worth $2,103,000 after acquiring an additional 42,211 shares during the last quarter. 71.51% of the stock is currently owned by institutional investors.

Southern National Banc. of Virginia Company Profile

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.

Further Reading: Sell-Side Analysts

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