Southern National Banc. of Virginia, Inc (NASDAQ:SONA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Zacks Investment Research has downgraded Southern National Banc. of Virginia, Inc (NASDAQ:SONA) to Hold in a statement released on Saturday September 24, 2016.
Displaying a price of $12.94, Southern National Banc. of Virginia, Inc (NASDAQ:SONA) traded 0.47% higher on the day. With the last close up 4.17% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $12.81 and a 200-day moving average of $12.42. 13,908 shares of SONA traded hands, down from an average trading volume of 43,406
Recent Performance Chart
Southern National Banc. of Virginia, Inc has price-earnings ratio of 15.78 with a one year low of $10.98 and a one year high of $13.59 and has a total market value of $0.
More About Southern National Banc. of Virginia, Inc (NASDAQ:SONA)
Southern National Bancorp of Virginia, Inc. (Southern National) is the bank holding company 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. The Company 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. It focuses on serving small to medium-sized businesses in its market with a range of services, including an array of commercial mortgage and non-mortgage loans.
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