Southern National Banc. of Virginia (NASDAQ:SONA) Stock Rating Upgraded by ValuEngine

Southern National Banc. of Virginia (NASDAQ:SONA) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

Separately, BidaskClub cut Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Saturday, November 23rd.

Shares of SONA opened at $15.86 on Tuesday. The stock has a 50-day simple moving average of $15.70 and a 200-day simple moving average of $15.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $385.21 million, a PE ratio of 11.41 and a beta of 0.92. Southern National Banc. of Virginia has a 1 year low of $12.87 and a 1 year high of $16.27.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $23.99 million during the quarter, compared to analysts’ expectations of $24.80 million. Southern National Banc. of Virginia had a return on equity of 9.71% and a net margin of 23.91%. Analysts predict that Southern National Banc. of Virginia will post 1.39 EPS for the current year.

In other Southern National Banc. of Virginia news, Chairman Georgia S. Derrico bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of $7.04 per share, for a total transaction of $70,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 15,585 shares of company stock valued at $154,077. 5.50% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of SONA. Bank of Montreal Can purchased a new stake in Southern National Banc. of Virginia during the second quarter worth approximately $26,000. Steward Partners Investment Advisory LLC purchased a new stake in Southern National Banc. of Virginia during the second quarter worth approximately $28,000. Public Employees Retirement System of Ohio purchased a new stake in Southern National Banc. of Virginia during the second quarter worth approximately $35,000. Russell Investments Group Ltd. lifted its stake in Southern National Banc. of Virginia by 361.0% during the third quarter. Russell Investments Group Ltd. now owns 8,081 shares of the bank’s stock worth $124,000 after purchasing an additional 6,328 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Southern National Banc. of Virginia by 178.1% during the second quarter. Royal Bank of Canada now owns 11,000 shares of the bank’s stock worth $168,000 after purchasing an additional 7,044 shares during the last quarter. Hedge funds and other institutional investors own 70.98% 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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