Insider Trading in Focus: Southern National Bancorp of Virginia, Inc. $SONA

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Southern National Bancorp of Virginia, Inc. (SONA) insider have most recently took part in a trading activity. On Nov 30, 2017 Derrico Georgia S, bought 10,000 shares having total worth of $92,000 at the price of $9.2 per share, following the transaction a total of 59,666 shares owned by Derrico Georgia S. Before this latest buy, Derrico Georgia S purchased SONA at 2 other times during the past twelve months, for a total investment of $262,920 at an average of $12.98 per share.

Furthermore, over the past 12 months , the stock was traded 16 times by insiders. an employee of the company was the buyer in 16 instances.

Shares of Southern National Bancorp of Virginia, Inc. (SONA) traded down 1.78% on Nov 30, 2017, hitting $17.07. 180,814 shares of the company’s stock traded hands. Southern National Bancorp of Virginia, Inc. has a 52 week low of $11.49 and a 52 week high of $18.24. The company’s market cap is $158 million.

Southern National Bancorp of Virginia, Inc. (SONA) last announced its earnings results on Apr 27, 2017. The company reported 0.16 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.23 by $0.07. The company had revenue of $10 million for the quarter, compared to the consensus estimate of $10 million.

2017-04-27 2017-01-27 2016-10-20 2013-10-24 2013-07-25 2013-04-25
earnings per share 0.16 0.21 0.22 0.15 0.13 0.13
Revenue(M) 9.89 10.22 11.56 0 0 0

Southern National Bancorp of Virginia, Inc. was incorporated in the State of Virginia. It is the holding company for Sonabank, National Association. All of the communities served by Sonabank are located in Virginia. Sonabank conducts full-service community banking operations from locations in Fairfax County (Reston, McLean and Fairfax), Charlottesville, Warrenton, Leesburg, New Market, Front Royal, South Riding and Clifton Forge, Virginia and in Rockville, Maryland and maintains loan production offices in Richmond, Charlottesville, Warrenton and Fredericksburg. The main business of Sonabank is the acquisition of deposits from the general public through its branch offices and deposit intermediaries and the use of these deposits to fund its loan and investment portfolios. Sonabank is a full service community bank that provides a number of financial services to its middle market corporate clients as well as to its retail clients. It also invests funds in mortgage-backed securities, securities sold with an agreement to repurchase, reverse repurchase agreements and securities issued by agencies of the federal government. The main sources of funds for its lending and investment activities are deposits, amortization and repayment of loans, prepayments from mortgage-backed securities, repayments of maturing investment securities, Federal Home Loan Bank advances and other borrowed money. It serves small to medium-sized businesses in its market with a number of unique and useful services, including a full array of commercial mortgage and non-mortgage loans. These loans include 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.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.