Southern National Bancorp of Virginia, Inc. (SONA) Chairman Purchases $199,920.00 in Stock

Southern National Bancorp of Virginia, Inc. (SONA) Chairman Purchases $199,920.00 in Stock

Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) Chairman Georgia S. Derrico acquired 19,600 shares of the stock in a transaction that occurred on Friday, February 3rd. The shares were bought at an average price of $10.20 per share, for a total transaction of $199,920.00. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) opened at 16.45 on Wednesday. Southern National Bancorp of Virginia, Inc. has a one year low of $11.60 and a one year high of $16.78. The company has a market capitalization of $201.73 million, a PE ratio of 19.82 and a beta of 0.37. The company’s 50-day moving average is $16.29 and its 200-day moving average is $14.13.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Monday, February 13th will be given a $0.08 dividend. The ex-dividend date is Thursday, February 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.95%. Southern National Bancorp of Virginia’s dividend payout ratio (DPR) is presently 38.10%.

Separately, Zacks Investment Research cut shares of Southern National Bancorp of Virginia from a “hold” rating to a “sell” rating in a report on Saturday, December 17th.

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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