According to Zacks, “Headquartered in Charlottesville Virginia, Sonabank is a new regional bank founded by an experienced banking team with close to hundred years of banking experience. They offer a full line of products and services for personal and business banking. Sonabank specializes in small to medium sized business banking. They have extensive experience in Small Business Administration loans as well as other types of financing suited for businesses. “
Southern National Bancorp of Virginia (NASDAQ:SONA) opened at 12.94 on Friday. The company’s 50-day moving average is $12.81 and its 200 day moving average is $12.42. Southern National Bancorp of Virginia has a one year low of $10.98 and a one year high of $13.59. The firm has a market cap of $158.64 million, a PE ratio of 15.78 and a beta of 0.26.
Southern National Bancorp of Virginia (NASDAQ:SONA) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. Southern National Bancorp of Virginia had a net margin of 20.50% and a return on equity of 8.41%. Equities analysts anticipate that Southern National Bancorp of Virginia will post $0.88 earnings per share for the current year.
In other news, Director Neil J. Call purchased 11,000 shares of the stock in a transaction on Tuesday, July 26th. The stock was purchased at an average price of $9.09 per share, for a total transaction of $99,990.00. Following the acquisition, the director now owns 99,798 shares in the company, valued at $907,163.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.60% 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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