Southern National Banc. of Virginia (NASDAQ:SONA) Shares Cross Above 200-Day Moving Average of $0.00

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $14.94. Southern National Banc. of Virginia shares last traded at $14.94, with a volume of 1,101 shares changing hands.

SONA has been the topic of a number of research reports. BidaskClub lowered shares of Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. ValuEngine lowered shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Zacks Investment Research raised shares of Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, May 9th.

The company has a 50-day simple moving average of $14.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $362.00 million, a price-to-earnings ratio of 10.57 and a beta of 0.80.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.04. The business had revenue of $33.37 million for the quarter, compared to analyst estimates of $24.10 million. Southern National Banc. of Virginia had a net margin of 23.94% and a return on equity of 9.99%. On average, research analysts predict that Southern National Banc. of Virginia, Inc will post 1.39 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Southern National Banc. of Virginia by 3.7% in the fourth quarter. BlackRock Inc. now owns 1,119,838 shares of the bank’s stock worth $14,804,000 after purchasing an additional 39,636 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $8,670,000 after purchasing an additional 88,294 shares in the last quarter. Royce & Associates LP lifted its position in shares of Southern National Banc. of Virginia by 2.6% in the first quarter. Royce & Associates LP now owns 553,566 shares of the bank’s stock worth $8,110,000 after purchasing an additional 14,000 shares in the last quarter. Salzhauer Michael lifted its position in shares of Southern National Banc. of Virginia by 0.6% in the first quarter. Salzhauer Michael now owns 493,039 shares of the bank’s stock worth $7,223,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Foundry Partners LLC lifted its position in shares of Southern National Banc. of Virginia by 36.3% in the first quarter. Foundry Partners LLC now owns 428,924 shares of the bank’s stock worth $6,284,000 after purchasing an additional 114,254 shares in the last quarter. 71.48% of the stock is currently owned by institutional investors and hedge funds.

About Southern National Banc. of Virginia (NASDAQ:SONA)

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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