Brokerages Expect Southern National Banc. of Virginia, Inc (SONA) to Post $0.33 EPS

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Southern National Banc. of Virginia, Inc (NASDAQ:SONA) has been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Analysts have set a 12-month consensus target price of $20.50 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Southern National Banc. of Virginia an industry rank of 104 out of 255 based on the ratings given to its competitors.

Several analysts recently issued reports on SONA shares. BidaskClub upgraded Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Zacks Investment Research lowered Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. ValuEngine upgraded Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Sandler O’Neill started coverage on Southern National Banc. of Virginia in a report on Monday, January 14th. They set a “hold” rating on the stock.

Shares of Southern National Banc. of Virginia stock traded down $0.06 during trading on Friday, reaching $15.46. The stock had a trading volume of 24,664 shares, compared to its average volume of 55,807. The firm has a market cap of $374.30 million, a price-to-earnings ratio of 11.12 and a beta of 0.78. Southern National Banc. of Virginia has a 52 week low of $12.87 and a 52 week high of $18.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96.

Southern National Banc. of Virginia (NASDAQ:SONA) last released its earnings results on Thursday, January 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Southern National Banc. of Virginia had a return on equity of 9.97% and a net margin of 26.10%. The business had revenue of $24.73 million for the quarter, compared to analyst estimates of $24.30 million. On average, equities analysts expect that Southern National Banc. of Virginia will post 1.37 EPS for the current year.

In related news, insider Georgia S. Derrico bought 4,862 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were acquired at an average price of $14.88 per share, for a total transaction of $72,346.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 13,824 shares of company stock worth $192,520 in the last quarter. 6.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Southern National Banc. of Virginia by 3.7% during the fourth quarter. BlackRock Inc. now owns 1,119,838 shares of the bank’s stock worth $14,804,000 after acquiring an additional 39,636 shares in the last quarter. Vanguard Group Inc raised its stake in Southern National Banc. of Virginia by 1.6% in the third quarter. Vanguard Group Inc now owns 834,450 shares of the bank’s stock valued at $13,518,000 after buying an additional 13,065 shares during the period. Vanguard Group Inc. raised its stake in Southern National Banc. of Virginia by 1.6% in the third quarter. Vanguard Group Inc. now owns 834,450 shares of the bank’s stock valued at $13,518,000 after buying an additional 13,065 shares during the period. Dimensional Fund Advisors LP raised its stake in Southern National Banc. of Virginia by 15.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 655,843 shares of the bank’s stock valued at $8,670,000 after buying an additional 88,294 shares during the period. Finally, Royce & Associates LP raised its stake in Southern National Banc. of Virginia by 6.4% in the fourth quarter. Royce & Associates LP now owns 539,566 shares of the bank’s stock valued at $7,133,000 after buying an additional 32,662 shares during the period. Institutional investors and hedge funds own 70.76% 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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