Salzhauer Michael buys $5,392,246 stake in Southern National Banc. of Virginia Inc (SONA)

Southern National Banc. of Virginia Inc (SONA) : Salzhauer Michael scooped up 1,100 additional shares in Southern National Banc. of Virginia Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 438,394 shares of Southern National Banc. of Virginia Inc which is valued at $5,392,246.Southern National Banc. of Virginia Inc makes up approximately 4.46% of Salzhauer Michael’s portfolio.

Southern National Banc. of Virginia Inc (SONA) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.35 and reached the intraday high at $12.39. The bulls started the profit booking and pushed the shares to intraday low of $12.29. The trading session was marked by a volume range of 8,083 shares exchanging hands. The 52-week high of the shares is $13.54 and the 52-week low is $10.98. The market cap of the company stands at $151 M and there are 1,22,38,443 shares in public circulation.

Other Hedge Funds, Including , Wilbanks Smith Thomas Asset Management reduced its stake in SONA by selling 20,900 shares or 19.04% in the most recent quarter. The Hedge Fund company now holds 88,875 shares of SONA which is valued at $1,093,163. Southern National Banc. of Virginia Inc makes up approx 0.13% of Wilbanks Smith Thomas Asset Management’s portfolio.Thomson Horstmann Bryant Inc reduced its stake in SONA by selling 102,568 shares or 18.38% in the most recent quarter. The Hedge Fund company now holds 455,609 shares of SONA which is valued at $5,635,883. Southern National Banc. of Virginia Inc makes up approx 0.66% of Thomson Horstmann Bryant Inc’s portfolio.

Southern National Bancorp of Virginia Inc. 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. Sonabank is a Virginia state chartered bank. It focuses on 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 also provides a range of special products and services to its commercial customers: cash management services and other consumer/retail products and services. Specific products offered in its cash management services program include investment/sweep accounts wire transfer services employer services/payroll processing services zero balance accounts night depository services lockbox services SONA 24/7 (Check 21 processing) and Sonabank asset based lending (SABL) among others.

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