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Last $11.43 USD
Change Today +0.15 / 1.33%
Volume 3.2K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

southern natl bancorp of va (SONA) Snapshot

Open
$11.26
Previous Close
$11.28
Day High
$11.58
Day Low
$11.26
52 Week High
11/7/14 - $12.95
52 Week Low
09/5/14 - $10.28
Market Cap
139.8M
Average Volume 10 Days
13.6K
EPS TTM
$0.69
Shares Outstanding
12.2M
EX-Date
08/6/15
P/E TM
16.5x
Dividend
$0.32
Dividend Yield
5.41%
Current Stock Chart for SOUTHERN NATL BANCORP OF VA (SONA)

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southern natl bancorp of va (SONA) Details

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 non-interest-bearing and interest-bearing checking accounts, commercial checking accounts, money market accounts, savings accounts, and certificates of deposits. The company’s loan products 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; small business administration loans and stand-by letters of credit; home equity lines of credit; and secured and unsecured consumer loans primarily for personal, family, or household purposes. 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 transfers, merchant, ACH originations, business debit cards, check 21 processing, and asset based lending services. In addition, the company provides other consumer/retail products and services that include debit and credit cards, ATM services, travelers’ checks, notary services, wire transfers, and online banking with bill payment services. It operates a network of 15 branches in Fairfax County, in Charlottesville, Warrenton, Middleburg, Leesburg, South Riding, Front Royal, New Market, Richmond, Haymarket, and Clifton Forge, Virginia; and 8 branches in Rockville, Shady Grove, Frederick, Bethesda, Upper Marlboro, Brandywine, Owings, and Huntingtown in Maryland. The company was founded in 2004 and is headquartered in McLean, Virginia.

179 Employees
Last Reported Date: 08/10/15
Founded in 2004

southern natl bancorp of va (SONA) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $423.2K
Co-Founder, Vice Chairman, President, Chief O...
Total Annual Compensation: $312.4K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $164.0K
Chief Credit Officer, Senior Vice President, ...
Total Annual Compensation: $196.3K
Chief Credit Risk Officer, Executive Vice Pre...
Total Annual Compensation: $172.4K
Compensation as of Fiscal Year 2014.

southern natl bancorp of va (SONA) Key Developments

Southern National Bancorp of Virginia Inc. Declares Dividend, Payable on August 21, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Charge Offs for Three Months Ended June 30, 2015

The board of directors of Southern National Bancorp of Virginia Inc. declared a dividend of $0.08 per share payable August 21, 2015 to shareholders of record on August 10, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported interest and dividend income of $10,732,000 compared to $8,926,000 a year ago. Net interest income was $9,024,000 compared to $7,859,000 a year ago. Income before income taxes was $3,694,000 compared to $2,733,000 a year ago. Net income was $2,466,000 or $0.20 per basic and diluted share compared to $1,772,000 or $0.15 per basic and diluted share a year ago. Return on average assets was 1.02% compared to 0.97% a year ago. Return on average equity was 8.43% compared to 6.57% a year ago. For the six months, the company reported interest and dividend income of $21,167,000 compared to $17,567,000 a year ago. Net interest income was $17,951,000 compared to $15,446,000 a year ago. Income before income taxes was $6,680,000 compared to $5,167,000 a year ago. Net income was $4,470,000 or $0.36 per diluted share compared to $3,414,000 or $0.29 per basic and diluted share a year ago. Book value per share was $9.73 compared to $9.82 a year ago. Tangible book value per share was $8.77 compared to $8.80 a year ago. Return on average assets was 0.96% compared to 0.95% a year ago. Return on average equity was 7.77% compared to 6.39% a year ago. For the three months ended June 30, 2015, the company reported charge offs of $1.3 million compared to $260,000 a year ago.

Southern National Bancorp of Virginia Inc. Declares Dividend Payable on May 22, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter of March 31, 2015

The Board of Directors of Southern National Bancorp of Virginia Inc. declared a dividend of $0.08 per share payable on May 22, 2015 to shareholders of record on May 11, 2015. The company reported unaudited consolidated earnings results for the first quarter of March 31, 2015. For the quarter, the company reported interest and dividend income of $10,435,000 compared to $8,641,000 a year ago. Net interest income was $8,402,000 compared to $7,587,000 a year ago. Income before income taxes was $2,986,000 compared to $2,434,000 a year ago. Net income was $2,004,000 or $0.16 per basic and diluted share compared to $1,642,000 or $0.14 per basic and diluted share a year ago. Book value per share was $9.42 compared to $9.28 a year ago. Tangible book value per share was $8.46 compared to $8.43 a year ago. Return on average assets was 0.88% compared to 0.93% a year ago. Return on average equity was 7.08% compared to 6.21% a year ago.

Southern National Bancorp of Virginia Inc., Annual General Meeting, Apr 23, 2015

Southern National Bancorp of Virginia Inc., Annual General Meeting, Apr 23, 2015., at 14:00 US Eastern Standard Time. Location: International Country Club, 13200 Lee Jackson Highway. Agenda: To elect directors; to ratify the appointment of independent registered public accountants; to approve executive compensation; and to transact such other business as may properly come before the AGM or any adjournment or postponement thereof.

 

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SONA Competitors

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Company Last Change
California First National Bancorp $13.31 USD 0.00
Citizens Holding Co $19.33 USD +0.056
Republic First Bancorp Inc $3.53 USD +0.13
Southern First Bancshares Inc $20.29 USD +0.04
Union Bankshares Inc/Morrisville VT $26.51 USD -0.22
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Industry Analysis

SONA

Industry Average

Valuation SONA Industry Range
Price/Earnings 16.4x
Price/Sales 4.0x
Price/Book 1.2x
Price/Cash Flow 16.4x
TEV/Sales NM Not Meaningful
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