Analysts Set $20.50 Price Target for Southern National Banc. of Virginia, Inc (SONA)

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a 12-month consensus price target of $20.50 for the company and are predicting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also given Southern National Banc. of Virginia an industry rank of 99 out of 256 based on the ratings given to related companies.

A number of brokerages recently issued reports on SONA. BidaskClub upgraded shares of Southern National Banc. of Virginia from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. ValuEngine cut shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, Zacks Investment Research cut shares of Southern National Banc. of Virginia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 28th.

Shares of SONA traded down $0.08 on Wednesday, reaching $14.24. 41,100 shares of the company’s stock were exchanged, compared to its average volume of 52,103. The company has a market cap of $338.13 million, a price-to-earnings ratio of 10.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. Southern National Banc. of Virginia has a 12 month low of $12.87 and a 12 month high of $18.24.

Southern National Banc. of Virginia (NASDAQ:SONA) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. The firm had revenue of $33.37 million during the quarter, compared to analysts’ expectations of $24.10 million. Southern National Banc. of Virginia had a net margin of 23.94% and a return on equity of 9.99%. As a group, analysts expect that Southern National Banc. of Virginia will post 1.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, May 10th. Southern National Banc. of Virginia’s dividend payout ratio is currently 25.90%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Walthausen & Co. LLC grew its holdings in Southern National Banc. of Virginia by 5.8% during the fourth quarter. Walthausen & Co. LLC now owns 72,980 shares of the bank’s stock valued at $965,000 after purchasing an additional 3,990 shares during the period. Citigroup Inc. boosted its holdings in shares of Southern National Banc. of Virginia by 16.0% in the fourth quarter. Citigroup Inc. now owns 6,074 shares of the bank’s stock valued at $80,000 after buying an additional 838 shares during the period. Two Sigma Investments LP acquired a new position in shares of Southern National Banc. of Virginia in the fourth quarter valued at approximately $163,000. Royce & Associates LP boosted its holdings in shares of 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. Finally, Strs Ohio boosted its holdings in shares of Southern National Banc. of Virginia by 15.0% in the fourth quarter. Strs Ohio now owns 40,700 shares of the bank’s stock valued at $538,000 after buying an additional 5,300 shares during the period. Hedge funds and other institutional investors own 71.48% 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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