Patriot Financial Partners GP LP Buys Shares of 11,725 Southern National Banc. of Virginia, Inc (NASDAQ:SONA)

Patriot Financial Partners GP LP bought a new stake in shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,725 shares of the bank’s stock, valued at approximately $180,000. Southern National Banc. of Virginia accounts for 0.1% of Patriot Financial Partners GP LP’s portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Montreal Can bought a new position in Southern National Banc. of Virginia during the 2nd quarter valued at about $26,000. Steward Partners Investment Advisory LLC bought a new position in Southern National Banc. of Virginia during the 2nd quarter valued at about $28,000. Public Employees Retirement System of Ohio bought a new position in Southern National Banc. of Virginia during the 2nd quarter valued at about $35,000. FNY Investment Advisers LLC bought a new position in Southern National Banc. of Virginia during the 2nd quarter valued at about $76,000. Finally, Russell Investments Group Ltd. lifted its stake in Southern National Banc. of Virginia by 361.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,081 shares of the bank’s stock valued at $124,000 after acquiring an additional 6,328 shares during the period. Institutional investors and hedge funds own 71.19% of the company’s stock.

Shares of NASDAQ SONA traded down $0.01 during midday trading on Friday, hitting $15.85. 51,100 shares of the company’s stock traded hands, compared to its average volume of 49,329. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 0.96. Southern National Banc. of Virginia, Inc has a 1 year low of $12.87 and a 1 year high of $16.27. The firm has a fifty day moving average of $15.43 and a 200 day moving average of $15.04. The stock has a market capitalization of $385.09 million, a price-to-earnings ratio of 11.40 and a beta of 0.94.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Southern National Banc. of Virginia had a net margin of 23.91% and a return on equity of 9.82%. The business had revenue of $23.99 million during the quarter, compared to analyst estimates of $24.80 million. On average, equities analysts anticipate that Southern National Banc. of Virginia, Inc will post 1.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, November 7th. Southern National Banc. of Virginia’s dividend payout ratio (DPR) is currently 25.90%.

In related news, Chairman Georgia S. Derrico acquired 10,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of $7.04 per share, with a total value of $70,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 13,851 shares of company stock valued at $126,663. Insiders own 5.50% of the company’s stock.

Several research firms have issued reports on SONA. BidaskClub upgraded shares of Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. ValuEngine cut shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.

Southern National Banc. of Virginia 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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