NASDAQ:SONASouthern National Banc. of Virginia Stock Price, Forecast & News

$8.96

-0.01 (-0.11 %)

(As of 07/14/2020 12:20 PM ET)

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Today's Range

$8.90

Now: $8.96▼

$9.06

50-Day Range

$8.64

MA: $9.72▼

$11.73

52-Week Range

$7.58

Now: $8.96▼

$16.85

Volume3,831 shs

Average Volume94,948 shs

Market Capitalization$217.73 million

P/E Ratio8.07

Dividend Yield4.56%

Beta1.02

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. The company's loan portfolio comprises commercial mortgage and non-mortgage loans, including commercial real estate loans, construction to permanent loans, development and builder loans, accounts receivable financing, lines of credit, equipment and vehicle loans, leasing, and commercial overdraft protection; construction loans for commercial, multifamily, and other non-residential properties; commercial business loans, such as lines of credit, revolving credit facilities, demand loans, term loans, equipment loans, small business administration loans, stand-by letters of credit, and unsecured loans; residential mortgage lending; and secured and unsecured consumer loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, lockbox, depository transfer, merchant, ACH origination, check 21 processing, asset based lending, and mobile banking application services. In addition, the company provides other consumer/retail products and services that include debit and credit cards, ATM services, travelers' checks, notary services, and online banking services. As of December 31, 2018, it had 38 full-service retail branches in Virginia and 7 full-service retail branches in Maryland. The company was founded in 2004 and is headquartered in McLean, Virginia.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Southern National Banc. of Virginia.

2.2 Community Rank

Outperform Votes
Southern National Banc. of Virginia has received 171 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Southern National Banc. of Virginia has received 224 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Southern National Banc. of Virginia has received 56.71% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Southern National Banc. of Virginia and other stocks. Vote “Outperform” if you believe SONA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SONA will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Southern National Banc. of Virginia is a leading dividend payer. It pays a dividend yield of 4.56%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Southern National Banc. of Virginia has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Southern National Banc. of Virginia is 27.03%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Southern National Banc. of Virginia will have a dividend payout ratio of 27.40% next year. This indicates that Southern National Banc. of Virginia will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Southern National Banc. of Virginia insiders have bought more of their company's stock than they have sold. Specifically, they have bought $48,181.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.90% of the stock of Southern National Banc. of Virginia is held by insiders.
Percentage Held by Institutions
71.79% of the stock of Southern National Banc. of Virginia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Southern National Banc. of Virginia are expected to grow by 3.55% in the coming year, from $1.41 to $1.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Southern National Banc. of Virginia is 8.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Southern National Banc. of Virginia is 8.07, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.93.
Price to Book Value per Share Ratio
Southern National Banc. of Virginia has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.41 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:SONA

Previous Symbol

CUSIPN/A

CIK1325670

Webwww.sonabank.com

Phone703-893-7400

Debt

Debt-to-Equity Ratio0.71

Current Ratio1.08

Quick Ratio1.08

Price-To-Earnings

Trailing P/E Ratio8.07

Forward P/E Ratio6.35

P/E GrowthN/A

Sales & Book Value

Annual Sales$133.11 million

Price / Sales1.64

Cash Flow$1.76 per share

Price / Cash Flow5.08

Book Value$15.60 per share

Price / Book0.57

Profitability

EPS (Most Recent Fiscal Year)$1.48

Net Income$33.17 million

Net Margins20.74%

Return on Equity8.45%

Return on Assets1.15%

Miscellaneous

Employees348

Outstanding Shares24,300,000

Market Cap$217.73 million

Next Earnings Date7/23/2020 (Estimated)

OptionableNot Optionable

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Southern National Banc. of Virginia (NASDAQ:SONA) Frequently Asked Questions

How has Southern National Banc. of Virginia's stock been impacted by COVID-19 (Coronavirus)?

Southern National Banc. of Virginia's stock was trading at $11.58 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SONA shares have decreased by 22.6% and is now trading at $8.96. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Southern National Banc. of Virginia?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern National Banc. of Virginia in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Southern National Banc. of Virginia.

When is Southern National Banc. of Virginia's next earnings date?

Southern National Banc. of Virginia is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Southern National Banc. of Virginia.

How were Southern National Banc. of Virginia's earnings last quarter?

Southern National Banc. of Virginia, Inc (NASDAQ:SONA) released its quarterly earnings data on Tuesday, April, 28th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.15. The bank earned $23.34 million during the quarter, compared to the consensus estimate of $24.20 million. Southern National Banc. of Virginia had a net margin of 20.74% and a return on equity of 8.45%. View Southern National Banc. of Virginia's earnings history.

How often does Southern National Banc. of Virginia pay dividends? What is the dividend yield for Southern National Banc. of Virginia?

Southern National Banc. of Virginia declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Monday, May 11th will be given a dividend of $0.10 per share on Friday, May 22nd. This represents a $0.40 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Friday, May 8th. View Southern National Banc. of Virginia's dividend history.

Has Southern National Banc. of Virginia been receiving favorable news coverage?

Headlines about SONA stock have trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Southern National Banc. of Virginia earned a news impact score of 1.8 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Southern National Banc. of Virginia.

Are investors shorting Southern National Banc. of Virginia?

Southern National Banc. of Virginia saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 138,500 shares, a drop of 32.7% from the June 15th total of 205,700 shares. Based on an average daily volume of 93,200 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.7% of the shares of the company are sold short. View Southern National Banc. of Virginia's Current Options Chain.

Who are some of Southern National Banc. of Virginia's key competitors?

Some companies that are related to Southern National Banc. of Virginia include 1st Source (SRCE), Southside Bancshares (SBSI), Oritani Financial (ORIT), TriCo Bancshares (TCBK), Stock Yards Bancorp (SYBT), Veritex (VBTX), German American Bancorp. (GABC), Enterprise Financial Services (EFSC), FB Financial (FBK), Great Western Bancorp (GWB), First Foundation (FFWM), OFG Bancorp (OFG), First Bancorp (FBNC), Republic Bancorp, Inc. KY (RBCAA) and Preferred Bank (PFBC). View all competitors.

What other stocks do shareholders of Southern National Banc. of Virginia own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Southern National Banc. of Virginia investors own include Aurora Cannabis (ACB), AT&T (T), Zynga (ZNGA), Teladoc Health (TDOC), Twitter (TWTR), Wells Fargo & Co (WFC), Enterprise Products Partners (EPD), Ford Motor (F), Freeport-McMoRan (FCX) and Kearny Financial (KRNY).

Who are Southern National Banc. of Virginia's key executives?

Southern National Banc. of Virginia's management team includes the following people:

Ms. Georgia S. Derrico, Co-Founder & Exec. Chairman (Age 74)
Mr. Joe A. Shearin, CEO & Director (Age 63)
Mr. R. Roderick Porter, Co-Founder & Exec. Vice Chairman (Age 73)
Mr. Jeffrey H. Culver, Pres (Age 50)
Mr. Jeffrey L. Karafa, Exec. VP & CFO (Age 54)

What is Southern National Banc. of Virginia's stock symbol?

Southern National Banc. of Virginia trades on the NASDAQ under the ticker symbol "SONA."

Who are Southern National Banc. of Virginia's major shareholders?

Southern National Banc. of Virginia's stock is owned by many different institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (1.03%), Dalton Greiner Hartman Maher & Co. (1.02%) and Fourthstone LLC (0.04%). Company insiders that own Southern National Banc. of Virginia stock include Charles A Kabbash, Daniel H Burch, Dennis J Zember Jr, Dennis J Zember, Jr, Eric Alan Johnson, F L Garrett III, Georgia S Derrico, Jeffrey Culver, Joe A Shearin, John Fitzgerald Biagas, Marie Taylor Leibson, Robert Yates Clagett, W Bruce Jennings, William H Lagos, William H Stevens and William Rand Cook. View institutional ownership trends for Southern National Banc. of Virginia.

Which institutional investors are selling Southern National Banc. of Virginia stock?

SONA stock was sold by a variety of institutional investors in the last quarter, including Fourthstone LLC. View insider buying and selling activity for Southern National Banc. of Virginia.

Which institutional investors are buying Southern National Banc. of Virginia stock?

SONA stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, and Dalton Greiner Hartman Maher & Co.. Company insiders that have bought Southern National Banc. of Virginia stock in the last two years include Charles A Kabbash, Daniel H Burch, Dennis J Zember Jr, Dennis J Zember, Jr, Eric Alan Johnson, F L Garrett III, Georgia S Derrico, Jeffrey Culver, Joe A Shearin, John Fitzgerald Biagas, Marie Taylor Leibson, Robert Yates Clagett, W Bruce Jennings, William H Lagos, William H Stevens, and William Rand Cook. View insider buying and selling activity for Southern National Banc. of Virginia.

How do I buy shares of Southern National Banc. of Virginia?

Shares of SONA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Southern National Banc. of Virginia's stock price today?

One share of SONA stock can currently be purchased for approximately $8.96.

How big of a company is Southern National Banc. of Virginia?

Southern National Banc. of Virginia has a market capitalization of $217.73 million and generates $133.11 million in revenue each year. The bank earns $33.17 million in net income (profit) each year or $1.48 on an earnings per share basis. Southern National Banc. of Virginia employs 348 workers across the globe.

What is Southern National Banc. of Virginia's official website?

The official website for Southern National Banc. of Virginia is www.sonabank.com.

How can I contact Southern National Banc. of Virginia?

Southern National Banc. of Virginia's mailing address is 6830 Old Dominion Drive, McLean VA, 22911. The bank can be reached via phone at 703-893-7400 or via email at [email protected]

This page was last updated on 7/14/2020 by MarketBeat.com Staff

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