BNP Paribas Arbitrage SA Has $60,000 Stock Holdings in Southern National Banc. of Virginia, Inc (NASDAQ:SONA)

BNP Paribas Arbitrage SA increased its position in Southern National Banc. of Virginia, Inc (NASDAQ:SONA) by 28.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,130 shares of the bank’s stock after purchasing an additional 1,348 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Southern National Banc. of Virginia were worth $60,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Penn Capital Management Co. Inc. lifted its holdings in shares of Southern National Banc. of Virginia by 59.9% during the 1st quarter. Penn Capital Management Co. Inc. now owns 232,398 shares of the bank’s stock valued at $2,287,000 after purchasing an additional 87,067 shares in the last quarter. Citigroup Inc. raised its stake in shares of Southern National Banc. of Virginia by 44.8% during the 1st quarter. Citigroup Inc. now owns 5,766 shares of the bank’s stock worth $57,000 after purchasing an additional 1,783 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Southern National Banc. of Virginia by 10.3% during the 1st quarter. JPMorgan Chase & Co. now owns 49,949 shares of the bank’s stock worth $491,000 after acquiring an additional 4,647 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Southern National Banc. of Virginia by 25.2% during the 1st quarter. Acadian Asset Management LLC now owns 142,915 shares of the bank’s stock worth $1,405,000 after acquiring an additional 28,773 shares during the last quarter. Finally, State Street Corp grew its holdings in Southern National Banc. of Virginia by 0.5% in the 1st quarter. State Street Corp now owns 452,043 shares of the bank’s stock valued at $4,448,000 after buying an additional 2,095 shares in the last quarter. Institutional investors own 71.93% of the company’s stock.

Southern National Banc. of Virginia stock opened at $9.44 on Wednesday. The company has a market capitalization of $214.06 million, a P/E ratio of 8.50 and a beta of 1.03. Southern National Banc. of Virginia, Inc has a twelve month low of $7.58 and a twelve month high of $16.85. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average is $9.75 and its 200 day moving average is $12.39.

Southern National Banc. of Virginia (NASDAQ:SONA) last announced its earnings results on Tuesday, April 28th. The bank reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.15). Southern National Banc. of Virginia had a return on equity of 8.45% and a net margin of 20.74%. The company had revenue of $23.34 million during the quarter, compared to the consensus estimate of $24.20 million. As a group, equities analysts expect that Southern National Banc. of Virginia, Inc will post 1.41 EPS for the current year.

A number of research firms have recently weighed in on SONA. ValuEngine downgraded Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Zacks Investment Research cut Southern National Banc. of Virginia from a “buy” rating to a “hold” rating in a research note on Thursday, May 21st. Stephens began coverage on Southern National Banc. of Virginia in a research note on Monday. They issued an “equal weight” rating for the company. Finally, BidaskClub raised Southern National Banc. of Virginia from a “strong sell” rating to a “sell” rating in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.00.

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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