ValuEngine cut shares of Southern National Banc. of Virginia (NASDAQ:SONA) from a hold rating to a sell rating in a report published on Tuesday morning.

Several other equities research analysts have also weighed in on the stock. BidaskClub upgraded shares of Southern National Banc. of Virginia from a sell rating to a hold rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of Southern National Banc. of Virginia from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Thursday, August 2nd.

SONA opened at $17.48 on Tuesday. The stock has a market cap of $419.89 million, a P/E ratio of 19.88 and a beta of 0.26. Southern National Banc. of Virginia has a fifty-two week low of $15.11 and a fifty-two week high of $18.24. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03.

Southern National Banc. of Virginia (NASDAQ:SONA) last released its quarterly earnings data on Thursday, July 26th. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. The firm had revenue of $25.73 million for the quarter, compared to analyst estimates of $24.10 million. Southern National Banc. of Virginia had a net margin of 16.31% and a return on equity of 8.52%. sell-side analysts predict that Southern National Banc. of Virginia will post 1.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Monday, August 13th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, August 10th. This represents a $0.32 annualized dividend and a yield of 1.83%. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is 36.36%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SONA. MetLife Investment Advisors LLC acquired a new stake in Southern National Banc. of Virginia during the fourth quarter worth about $173,000. Brown Advisory Inc. acquired a new stake in Southern National Banc. of Virginia during the second quarter worth about $179,000. Outfitter Advisors LTD. acquired a new stake in Southern National Banc. of Virginia during the second quarter worth about $305,000. Citadel Advisors LLC acquired a new stake in Southern National Banc. of Virginia during the second quarter worth about $422,000. Finally, First Trust Advisors LP raised its stake in Southern National Banc. of Virginia by 21.5% during the second quarter. First Trust Advisors LP now owns 33,969 shares of the bank’s stock worth $606,000 after acquiring an additional 6,000 shares during the period. Hedge funds and other institutional investors own 71.82% 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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