Southern National Bancorp of Virginia (SONA) Getting Somewhat Favorable News Coverage, Report Shows

Press coverage about Southern National Bancorp of Virginia (NASDAQ:SONA) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southern National Bancorp of Virginia earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 47.3026414459657 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

SONA has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Saturday, April 7th. TheStreet raised shares of Southern National Bancorp of Virginia from a “c” rating to a “b-” rating in a report on Friday, April 27th. Finally, BidaskClub downgraded shares of Southern National Bancorp of Virginia from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd.

Southern National Bancorp of Virginia opened at $16.70 on Friday, MarketBeat.com reports. The stock has a market cap of $398.69 million, a PE ratio of 18.98 and a beta of 0.28. Southern National Bancorp of Virginia has a 52 week low of $16.68 and a 52 week high of $16.70. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.17.

Southern National Bancorp of Virginia (NASDAQ:SONA) last released its quarterly earnings data on Thursday, April 26th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Southern National Bancorp of Virginia had a net margin of 8.02% and a return on equity of 6.87%. The company had revenue of $25.58 million during the quarter, compared to the consensus estimate of $24.00 million. equities research analysts expect that Southern National Bancorp of Virginia will post 1.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Monday, May 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 11th. Southern National Bancorp of Virginia’s dividend payout ratio is currently 36.36%.

In other news, Chairman Georgia S. Derrico purchased 32,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $6.29 per share, with a total value of $201,280.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 43,830 shares of company stock valued at $393,761 over the last three months. 6.00% of the stock is currently owned by insiders.

Southern National Bancorp 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.

Insider Buying and Selling by Quarter for Southern National Bancorp of Virginia (NASDAQ:SONA)

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