Southern National Banc. of Virginia, Inc (SONA) Insider Jeffrey Culver Acquires 1,000 Shares

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) insider Jeffrey Culver acquired 1,000 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was bought at an average cost of $15.45 per share, with a total value of $15,450.00. Following the acquisition, the insider now owns 8,000 shares in the company, valued at approximately $123,600. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jeffrey Culver also recently made the following trade(s):

  • On Friday, November 2nd, Jeffrey Culver purchased 1,000 shares of Southern National Banc. of Virginia stock. The shares were acquired at an average cost of $15.38 per share, with a total value of $15,380.00.

Southern National Banc. of Virginia stock traded down $0.23 during mid-day trading on Friday, hitting $15.45. 26,156 shares of the company’s stock traded hands, compared to its average volume of 51,120. Southern National Banc. of Virginia, Inc has a fifty-two week low of $14.37 and a fifty-two week high of $18.24. The company has a market capitalization of $375.64 million, a price-to-earnings ratio of 17.56 and a beta of 0.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings results on Thursday, October 25th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating 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. As a group, equities analysts anticipate that Southern National Banc. of Virginia, Inc will post 1.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 12th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.07%. The ex-dividend date is Friday, November 9th. Southern National Banc. of Virginia’s dividend payout ratio is 36.36%.

Several equities research analysts have issued reports on SONA shares. BidaskClub downgraded Southern National Banc. of Virginia from a “sell” rating to a “strong sell” rating in a report on Saturday, September 29th. ValuEngine downgraded Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research raised Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, August 2nd.

A number of institutional investors have recently made changes to their positions in SONA. Prudential Financial Inc. acquired a new stake in Southern National Banc. of Virginia during the 3rd quarter valued at $177,000. Brown Advisory Inc. acquired a new stake in Southern National Banc. of Virginia during the 2nd quarter valued at $179,000. Outfitter Advisors LTD. bought a new position in Southern National Banc. of Virginia during the 2nd quarter worth $305,000. Bessemer Group Inc. bought a new position in Southern National Banc. of Virginia during the 3rd quarter worth $314,000. Finally, Citadel Advisors LLC bought a new position in Southern National Banc. of Virginia during the 2nd quarter worth $422,000. 72.07% of the stock is owned by institutional investors and hedge funds.

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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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