California Public Employees Retirement System lifted its position in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) by 108.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,398 shares of the bank’s stock after purchasing an additional 20,998 shares during the period. California Public Employees Retirement System owned about 0.17% of Southern National Bancorp of Virginia worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nationwide Fund Advisors increased its stake in shares of Southern National Bancorp of Virginia by 11.6% in the second quarter. Nationwide Fund Advisors now owns 15,345 shares of the bank’s stock worth $270,000 after purchasing an additional 1,600 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Southern National Bancorp of Virginia by 9.8% in the second quarter. Teachers Advisors LLC now owns 21,411 shares of the bank’s stock worth $377,000 after purchasing an additional 1,909 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Southern National Bancorp of Virginia by 15.9% in the second quarter. PNC Financial Services Group Inc. now owns 27,746 shares of the bank’s stock worth $488,000 after purchasing an additional 3,800 shares in the last quarter. Context BH Capital Management LP increased its stake in shares of Southern National Bancorp of Virginia by 6.9% in the second quarter. Context BH Capital Management LP now owns 79,956 shares of the bank’s stock worth $1,407,000 after purchasing an additional 5,190 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Southern National Bancorp of Virginia in the second quarter worth $107,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/11/18/california-public-employees-retirement-system-acquires-20998-shares-of-southern-national-bancorp-of-virginia-inc-sona.html.

Shares of Southern National Bancorp of Virginia, Inc. (NASDAQ SONA) opened at $16.42 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $388.88, a price-to-earnings ratio of 19.59 and a beta of 0.35. Southern National Bancorp of Virginia, Inc. has a 52 week low of $13.87 and a 52 week high of $18.48.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.95%. Southern National Bancorp of Virginia’s dividend payout ratio (DPR) is presently 103.23%.

A number of brokerages have recently issued reports on SONA. BidaskClub cut shares of Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research cut shares of Southern National Bancorp of Virginia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine raised shares of Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

In related news, Chairman Georgia S. Derrico bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of $15.75 per share, with a total value of $63,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.60% of the company’s stock.

About Southern National Bancorp of Virginia

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.

Institutional Ownership by Quarter for Southern National Bancorp of Virginia (NASDAQ:SONA)

Receive News & Stock Ratings for Southern National Bancorp of Virginia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern National Bancorp of Virginia Inc. and related stocks with our FREE daily email newsletter.