Southern National Bancorp of Virginia, Inc. (SONA) Position Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) by 288.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,177 shares of the bank’s stock after acquiring an additional 18,697 shares during the quarter. Wells Fargo & Company MN owned about 0.11% of Southern National Bancorp of Virginia worth $443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Castle Creek Capital Partners IV LP bought a new position in Southern National Bancorp of Virginia in the 2nd quarter worth $11,791,000. Royce & Associates LP raised its holdings in Southern National Bancorp of Virginia by 49.8% in the 2nd quarter. Royce & Associates LP now owns 294,904 shares of the bank’s stock worth $5,190,000 after acquiring an additional 98,100 shares during the period. First Manhattan Co. raised its holdings in Southern National Bancorp of Virginia by 4.2% in the 2nd quarter. First Manhattan Co. now owns 261,281 shares of the bank’s stock worth $4,598,000 after acquiring an additional 10,609 shares during the period. Kennedy Capital Management Inc. raised its holdings in Southern National Bancorp of Virginia by 140.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 144,735 shares of the bank’s stock worth $2,547,000 after acquiring an additional 84,664 shares during the period. Finally, PL Capital Advisors LLC bought a new position in Southern National Bancorp of Virginia in the 2nd quarter worth $2,084,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Several brokerages recently commented on SONA. ValuEngine downgraded shares of Southern National Bancorp of Virginia from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Southern National Bancorp of Virginia from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.

Southern National Bancorp of Virginia, Inc. (NASDAQ SONA) opened at $16.15 on Tuesday. Southern National Bancorp of Virginia, Inc. has a twelve month low of $12.90 and a twelve month high of $18.48. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.17. The stock has a market cap of $382.90, a PE ratio of 19.29 and a beta of 0.35.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.98%. Southern National Bancorp of Virginia’s payout ratio is 103.23%.

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In related news, Chairman Georgia S. Derrico acquired 4,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $15.75 per share, for a total transaction of $63,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 10.20% of the company’s stock.

About Southern National Bancorp of Virginia

Southern National Bancorp of Virginia, Inc (Southern National) is the bank holding company for Sonabank (Sonabank). The Company’s principal business is the acquisition of deposits from the general public through its branch offices and deposit intermediaries, as well as the use of these deposits to fund its loan and investment portfolios.

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

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