Oberweis Asset Management Inc. acquired a new stake in shares of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 36,800 shares of the bank’s stock, valued at approximately $486,000. Oberweis Asset Management Inc. owned 0.15% of Southern National Banc. of Virginia as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bessemer Group Inc. bought a new position in shares of Southern National Banc. of Virginia in the third quarter valued at about $314,000. PL Capital Advisors LLC raised its holdings in shares of Southern National Banc. of Virginia by 253.4% in the fourth quarter. PL Capital Advisors LLC now owns 418,385 shares of the bank’s stock valued at $5,531,000 after buying an additional 300,000 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Southern National Banc. of Virginia by 89.5% in the third quarter. First Trust Advisors LP now owns 64,375 shares of the bank’s stock valued at $1,043,000 after buying an additional 30,406 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Southern National Banc. of Virginia by 1.6% in the third quarter. Vanguard Group Inc now owns 834,450 shares of the bank’s stock valued at $13,518,000 after buying an additional 13,065 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of Southern National Banc. of Virginia by 15.0% in the fourth quarter. Strs Ohio now owns 40,700 shares of the bank’s stock valued at $538,000 after buying an additional 5,300 shares during the last quarter. 70.87% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on SONA shares. Sandler O’Neill started coverage on Southern National Banc. of Virginia in a report on Monday, January 14th. They issued a “hold” rating for the company. ValuEngine raised Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a report on Monday, February 4th. BidaskClub raised Southern National Banc. of Virginia from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, Zacks Investment Research raised Southern National Banc. of Virginia from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, January 30th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.00.

In other news, insider Georgia S. Derrico acquired 4,862 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was purchased at an average cost of $14.88 per share, with a total value of $72,346.56. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Georgia S. Derrico acquired 3,000 shares of the company’s stock in a transaction on Tuesday, January 29th. The shares were purchased at an average cost of $14.81 per share, with a total value of $44,430.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 22,324 shares of company stock valued at $248,175 over the last three months. Company insiders own 6.00% of the company’s stock.

Southern National Banc. of Virginia stock opened at $15.67 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94. Southern National Banc. of Virginia, Inc has a 12-month low of $12.87 and a 12-month high of $18.24. The stock has a market capitalization of $376.90 million, a P/E ratio of 11.27 and a beta of 0.79.

Southern National Banc. of Virginia (NASDAQ:SONA) last released its quarterly earnings results on Thursday, January 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32. The business had revenue of $24.73 million during the quarter, compared to analysts’ expectations of $24.30 million. Southern National Banc. of Virginia had a return on equity of 10.07% and a net margin of 26.10%. As a group, sell-side analysts predict that Southern National Banc. of Virginia, Inc will post 1.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Monday, February 11th were issued a dividend of $0.09 per share. This is a boost from Southern National Banc. of Virginia’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 8th. Southern National Banc. of Virginia’s payout ratio is currently 25.90%.

COPYRIGHT VIOLATION NOTICE: This report was posted by Marea Informative and is the property of of Marea Informative. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.mareainformativa.com/news/2019/03/17/36800-shares-in-southern-national-banc-of-virginia-inc-sona-purchased-by-oberweis-asset-management-inc.html.

About Southern National Banc. of Virginia

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.

Recommended Story: Moving Average – How it Helps Investors in Stock Selection

Want to see what other hedge funds are holding SONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern National Banc. of Virginia, Inc (NASDAQ:SONA).

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

Receive News & Ratings for Southern National Banc. of Virginia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern National Banc. of Virginia and related companies with MarketBeat.com's FREE daily email newsletter.