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

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Southern National Banc. of Virginia in the second quarter valued at $26,000. Steward Partners Investment Advisory LLC bought a new position in shares of Southern National Banc. of Virginia during the second quarter valued at about $28,000. Public Employees Retirement System of Ohio bought a new position in shares of Southern National Banc. of Virginia during the second quarter valued at about $35,000. FNY Investment Advisers LLC bought a new position in shares of Southern National Banc. of Virginia during the second quarter valued at about $76,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Southern National Banc. of Virginia by 361.0% during the third quarter. Russell Investments Group Ltd. now owns 8,081 shares of the bank’s stock valued at $124,000 after purchasing an additional 6,328 shares in the last quarter. Hedge funds and other institutional investors own 71.19% of the company’s stock.

Shares of SONA traded down $0.01 during trading hours on Friday, hitting $15.85. The company’s stock had a trading volume of 51,100 shares, compared to its average volume of 49,329. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.96 and a quick ratio of 0.96. Southern National Banc. of Virginia, Inc has a 52-week low of $12.87 and a 52-week high of $16.27. The business has a 50 day simple moving average of $15.43 and a two-hundred day simple moving average of $15.04. The company has a market cap 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 issued its earnings results on Thursday, October 24th. The bank reported $0.36 EPS for the quarter, topping the consensus estimate 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 company had revenue of $23.99 million for the quarter, compared to the consensus estimate of $24.80 million. Research analysts predict 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 given 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 of this dividend is Thursday, November 7th. Southern National Banc. of Virginia’s payout ratio is currently 25.90%.

A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Southern National Banc. of Virginia from a “hold” rating to a “sell” rating in a report on Friday, November 1st. 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.

In related news, Chairman Georgia S. Derrico acquired 10,000 shares of Southern National Banc. of Virginia stock in a transaction on Tuesday, October 29th. The shares were acquired at an average cost of $7.04 per share, with a total value of $70,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have acquired 13,851 shares of company stock worth $126,663. Insiders own 5.50% of the company’s stock.

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.

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

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