Southern National Banc. of Virginia (SONA) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Southern National Banc. of Virginia (NASDAQ:SONA) from a strong sell rating to a sell rating in a report released on Tuesday.

Several other research analysts have also weighed in on SONA. ValuEngine lowered Southern National Banc. of Virginia from a hold rating to a sell rating in a report on Saturday, July 28th. Zacks Investment Research upgraded Southern National Banc. of Virginia from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Thursday, August 2nd.

Shares of Southern National Banc. of Virginia stock traded down $0.26 during trading on Tuesday, reaching $15.60. 99,028 shares of the company were exchanged, compared to its average volume of 52,581. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. Southern National Banc. of Virginia has a twelve month low of $15.11 and a twelve month high of $18.24. The stock has a market cap of $389.58 million, a PE ratio of 17.73 and a beta of 0.30.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings data on Thursday, July 26th. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. Southern National Banc. of Virginia had a return on equity of 8.52% and a net margin of 16.31%. The business had revenue of $25.73 million during the quarter, compared to analysts’ expectations of $24.10 million. Analysts expect that Southern National Banc. of Virginia will post 1.32 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of SONA. Dimensional Fund Advisors LP lifted its holdings in Southern National Banc. of Virginia by 25.2% during the first quarter. Dimensional Fund Advisors LP now owns 416,100 shares of the bank’s stock worth $6,591,000 after acquiring an additional 83,624 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Southern National Banc. of Virginia in the first quarter valued at about $912,000. Foundry Partners LLC lifted its holdings in shares of Southern National Banc. of Virginia by 11.2% in the first quarter. Foundry Partners LLC now owns 202,175 shares of the bank’s stock valued at $3,202,000 after purchasing an additional 20,300 shares in the last quarter. Outfitter Advisors LTD. bought a new stake in shares of Southern National Banc. of Virginia in the second quarter valued at about $305,000. Finally, First Trust Advisors LP lifted its holdings in shares of Southern National Banc. of Virginia by 21.5% in the second quarter. First Trust Advisors LP now owns 33,969 shares of the bank’s stock valued at $606,000 after purchasing an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 71.81% of the company’s stock.

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.

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