Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other research firms have also issued reports on SONA. Zacks Investment Research lowered Southern National Bancorp of Virginia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub cut Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.

Southern National Bancorp of Virginia (NASDAQ SONA) traded up 0.36% during mid-day trading on Friday, hitting $16.81. 29,347 shares of the stock were exchanged. The firm has a 50-day moving average price of $16.73 and a 200-day moving average price of $17.05. Southern National Bancorp of Virginia has a 12-month low of $12.60 and a 12-month high of $18.48. The stock has a market capitalization of $401.93 million, a P/E ratio of 50.48 and a beta of 0.37.

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In other Southern National Bancorp of Virginia news, Chairman Georgia S. Derrico acquired 4,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $15.75 per share, for a total transaction of $63,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC acquired a new position in Southern National Bancorp of Virginia during the second quarter valued at $107,000. Royal Bank of Canada boosted its position in Southern National Bancorp of Virginia by 137.8% in the second quarter. Royal Bank of Canada now owns 6,277 shares of the bank’s stock valued at $110,000 after buying an additional 3,637 shares during the period. HighTower Advisors LLC acquired a new position in Southern National Bancorp of Virginia during the second quarter valued at $183,000. GSA Capital Partners LLP acquired a new position in Southern National Bancorp of Virginia during the second quarter valued at $190,000. Finally, Susquehanna International Group LLP acquired a new position in Southern National Bancorp of Virginia during the second quarter valued at $202,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

Southern National Bancorp of Virginia Company Profile

Southern National Bancorp of Virginia, Inc (Southern National) is the bank holding company for Sonabank (Sonabank). The Company’s principal business is the acquisition of deposits from the general public through its branch offices and deposit intermediaries, as well as the use of these deposits to fund its loan and investment portfolios.

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