The stock of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) hit a new 52-week high and has $22.89 target or 55.00% above today’s $14.77 share price. The 8 months bullish chart indicates low risk for the $185.98M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $22.89 price target is reached, the company will be worth $102.29M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 20,624 shares traded hands. Southern National Banc. of Virginia, Inc (NASDAQ:SONA) has risen 16.47% since April 19, 2016 and is uptrending. It has outperformed by 12.61% the S&P500.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.55 in 2016 Q2. Its down 1.16, from 2.71 in 2016Q1. The ratio turned negative, as 7 funds sold all Southern National Banc. of Virginia, Inc shares owned while 7 reduced positions. 18 funds bought stakes while 20 increased positions. They now own 8.16 million shares or 12.37% more from 7.26 million shares in 2016Q1.
Hutchin Hill Capital L P has 240,000 shares for 0.1% of their US portfolio. Boston Family Office Lc owns 21,400 shares or 0.03% of their US portfolio. Royal Natl Bank Of Canada owns 1,750 shares or 0% of their US portfolio. The Ohio-based Bartlett Co Ltd Liability has invested 0% in Southern National Banc. of Virginia, Inc (NASDAQ:SONA). Numeric Invsts Limited Liability Corp last reported 0% of its portfolio in the stock. Renaissance Limited Liability reported 48,300 shares or 0% of all its holdings. Blackrock has 360 shares for 0% of their US portfolio. Blackrock Institutional Trust Na has 76,147 shares for 0% of their US portfolio. Vanguard Grp has 418,437 shares for 0% of their US portfolio. Us Bankshares De has 858 shares for 0% of their US portfolio. Ig Inv Mgmt owns 88,915 shares or 0% of their US portfolio. Dimensional Fund Ltd Partnership, a Texas-based fund reported 104,348 shares. Alliancebernstein Ltd Partnership last reported 0% of its portfolio in the stock. California Pub Employees Retirement Systems last reported 0% of its portfolio in the stock. Rmb Capital Mngmt Ltd Liability Corporation, a Illinois-based fund reported 516,697 shares.
Insider Transactions: Since June 1, 2016, the stock had 5 insider buys, and 0 sales for $160,393 net activity. The insider DERRICO GEORGIA S bought $11,886. KABBASH CHARLES A bought $7,200 worth of stock. $99,990 worth of shares were bought by CALL NEIL J on Tuesday, July 26. On Tuesday, June 7 the insider FORCH JOHN J bought $24,917.
More news for Southern National Banc. of Virginia, Inc (NASDAQ:SONA) were recently published by: Zacks.com, which released: “Should You Consider Holding Bank of the Ozarks Stock?” on June 07, 2016. Bizjournals.com‘s article titled: “MainStreet Bank brings on a new president. Here’s his plan to grow the business.” and published on November 17, 2016 is yet another important article.
SONA Company Profile
Southern National Bancorp of Virginia, Inc. (Southern National), incorporated on June 24, 2011, is the bank holding firm 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. Sonabank is a Virginia state chartered bank. Sonabank provides a range of financial services to individuals, and small and medium sized businesses. Sonabank has over 15 branches in Virginia, located in Fairfax County (Reston, McLean and Fairfax), in Charlottesville, Warrenton (over two), Middleburg, Leesburg (over two), South Riding, Front Royal, New Market, Haymarket, Richmond and Clifton Forge, and approximately 10 branches in Maryland, in Rockville, Shady Grove, Frederick, Bethesda, Upper Marlboro, Brandywine, Owings and Huntingtown. The Firm focuses on making loans secured primarily by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in various industries, as well as loans to individuals for a variety of purposes.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.