FSI Group LLC Sells 8,203 Shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA)

FSI Group LLC trimmed its position in shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,334 shares of the bank’s stock after selling 8,203 shares during the period. Southern National Banc. of Virginia comprises 2.4% of FSI Group LLC’s holdings, making the stock its 13th biggest holding. FSI Group LLC owned approximately 0.55% of Southern National Banc. of Virginia worth $2,026,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SONA. Foundry Partners LLC grew its holdings in Southern National Banc. of Virginia by 36.3% during the 1st quarter. Foundry Partners LLC now owns 428,924 shares of the bank’s stock valued at $6,284,000 after purchasing an additional 114,254 shares during the last quarter. LSV Asset Management grew its stake in Southern National Banc. of Virginia by 56.7% in the 1st quarter. LSV Asset Management now owns 250,938 shares of the bank’s stock worth $3,676,000 after acquiring an additional 90,838 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Southern National Banc. of Virginia by 15.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 655,843 shares of the bank’s stock worth $8,670,000 after acquiring an additional 88,294 shares in the last quarter. Acadian Asset Management LLC grew its stake in Southern National Banc. of Virginia by 2,040.6% in the 1st quarter. Acadian Asset Management LLC now owns 67,516 shares of the bank’s stock worth $988,000 after acquiring an additional 64,362 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Southern National Banc. of Virginia by 3.7% in the 4th 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. Institutional investors own 71.43% of the company’s stock.

Shares of SONA stock opened at $14.90 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50-day moving average of $15.21. Southern National Banc. of Virginia, Inc has a one year low of $12.87 and a one year high of $17.99. The company has a market cap of $370.92 million, a P/E ratio of 10.72 and a beta of 0.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.42%. Southern National Banc. of Virginia’s dividend payout ratio is presently 25.90%.

A number of brokerages have commented on SONA. Zacks Investment Research upgraded shares of Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, May 9th. BidaskClub upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research note on Friday, June 28th.

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

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