Price Action Report: A Reversal for Southern National Banc. of Virginia, Inc Is Not Near. The Stock Reaches 52-Week High Today

Price Action Report: A Reversal for Southern National Banc. of Virginia, Inc Is Not Near. The Stock Reaches 52 Week High Today

The stock of Southern National Banc. of Virginia, Inc (NASDAQ:SONA) hit a new 52-week high and has $16.08 target or 7.00% above today’s $15.03 share price. The 6 months bullish chart indicates low risk for the $185.92M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $16.08 price target is reached, the company will be worth $13.01 million 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. The stock increased 1.14% or $0.17 during the last trading session, hitting $15.03. About 23,298 shares traded hands. Southern National Banc. of Virginia, Inc (NASDAQ:SONA) has risen 20.32% since April 28, 2016 and is uptrending. It has outperformed by 14.40% the S&P500.

Analysts await Southern National Banc. of Virginia, Inc (NASDAQ:SONA) to report earnings on January, 19. They expect $0.21 EPS, up 10.53% or $0.02 from last year’s $0.19 per share. SONA’s profit will be $2.60 million for 17.89 P/E if the $0.21 EPS becomes a reality. After $0.22 actual EPS reported by Southern National Banc. of Virginia, Inc for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

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 fall, 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.
The California-based California State Teachers Retirement has invested 0% in Southern National Banc. of Virginia, Inc (NASDAQ:SONA). Bankshares Of Mellon owns 35,275 shares or 0% of their US portfolio. Schwab Charles Inv Mgmt reported 15,700 shares or 0% of all its holdings. Ig Ltd reported 88,915 shares or 0% of all its holdings. Moreover, Manufacturers Life Insur Com The has 0% invested in Southern National Banc. of Virginia, Inc (NASDAQ:SONA) for 11,791 shares. National Bank & Trust Of America De has invested 0% of its portfolio in Southern National Banc. of Virginia, Inc (NASDAQ:SONA). Morgan Stanley owns 10,089 shares or 0% of their US portfolio. Walleye Trading Ltd Liability Company, a Minnesota-based fund reported 1,600 shares. Bokf Na accumulated 0% or 5,995 shares. The Illinois-based Rmb has invested 0.33% in Southern National Banc. of Virginia, Inc (NASDAQ:SONA). Hutchin Hill Limited Partnership has invested 0.1% of its portfolio in Southern National Banc. of Virginia, Inc (NASDAQ:SONA). Wellington Management Ltd Liability Partnership holds 0% of its portfolio in Southern National Banc. of Virginia, Inc (NASDAQ:SONA) for 492,158 shares. Nationwide Fund Advsrs reported 19,445 shares or 0% of all its holdings. California Public Employees Retirement accumulated 0% or 19,400 shares. Geode Capital Limited Co holds 0% or 56,032 shares in its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 4 insider purchases, and 0 insider sales for $148,507 net activity. Another trade for 2,086 shares valued at $24,917 was bought by FORCH JOHN J. CALL NEIL J had bought 2,000 shares worth $16,400 on Thursday, October 27. KABBASH CHARLES A had bought 1,000 shares worth $7,200 on Wednesday, July 6.

Another recent and important Southern National Banc. of Virginia, Inc (NASDAQ:SONA) news was published by Zacks.com which published an article titled: “Should You Consider Holding Bank of the Ozarks Stock?” on June 07, 2016.

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.

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