Southern National Bancorp of Virginia Inc (SONA) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Mar 16, 2020
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Southern National Bancorp of Virginia Inc (SONA, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. Southern National Bancorp of Virginia Inc is the bank holding company for Sonabank. It offers savings accounts, money market accounts, commercial real estate loans, construction to permanent loans, development and builder loans, among others. Southern National Bancorp of Virginia Inc has a market cap of $231.650 million; its shares were traded at around $9.58 with a P/E ratio of 7.05 and P/S ratio of 2.43. The dividend yield of Southern National Bancorp of Virginia Inc stocks is 3.86%. GuruFocus has detected 2 severe warning signs with Southern National Bancorp of Virginia Inc. .

For the last quarter Southern National Bancorp of Virginia Inc reported a revenue of $24.0 million, compared with the revenue of $25.43 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $95.0 million, a decrease of 7% from the previous year. For the complete 30-year financial data, please go here.. For the last five years Southern National Bancorp of Virginia Inc had an average revenue growth rate of 27.2% a year.

The reported diluted earnings per share was $1.36 for the year, a decline of 2.2% from the previous year. Over the last five years Southern National Bancorp of Virginia Inc had an EPS growth rate of 11.6% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Southern National Bancorp of Virginia Inc has the cash and cash equivalents of $31.9 million, compared with $27.8 million in the previous year. The long term debt was $186.8 million, compared with $56.7 million in the previous year. Southern National Bancorp of Virginia Inc has a financial strength rank of 2 (out of 10).

At the current stock price of $9.58, Southern National Bancorp of Virginia Inc is traded at 36.5% discount to its historical median P/S valuation band of $15.08. The P/S ratio of the stock is 2.43, while the historical median P/S ratio is 3.77. The stock lost 23.85% during the past 12 months.

CEO Recent Trades:

  • President and CEO Dennis J Jr Zember bought 5,000 shares of SONA stock on 03/13/2020 at the average price of $10.9. The price of the stock has decreased by 12.11% since.
  • President & CEO Dennis J Jr Zember bought 15,000 shares of SONA stock on 02/26/2020 at the average price of $15.14. The price of the stock has decreased by 36.72% since.

Directors and Officers Recent Trades:

  • Director Charles A Kabbash bought 475 shares of SONA stock on 03/10/2020 at the average price of $12.31. The price of the stock has decreased by 22.18% since.
  • Director Robert Yates Clagett bought 717 shares of SONA stock on 03/06/2020 at the average price of $13.89. The price of the stock has decreased by 31.03% since.
  • Director Charles A Kabbash bought 1,400 shares of SONA stock on 03/03/2020 at the average price of $14.8. The price of the stock has decreased by 35.27% since.
  • Director Robert Yates Clagett bought 692 shares of SONA stock on 03/03/2020 at the average price of $14.41. The price of the stock has decreased by 33.52% since.
  • Director Charles A Kabbash bought 1,600 shares of SONA stock on 03/02/2020 at the average price of $14.74. The price of the stock has decreased by 35.01% since.

For the complete 20-year historical financial data of SONA, click here.