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Southern National Bancorp of Virginia

Nasdaq:SONA
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SONA
Nasdaq
$378M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Southern National Bancorp of Virginia, Inc. The last earnings update was 3 days ago. More info.


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SONA Share Price and Events
7 Day Returns
-0.6%
NasdaqGM:SONA
2.4%
US Banks
2.9%
US Market
1 Year Returns
-4.3%
NasdaqGM:SONA
-9.8%
US Banks
1.4%
US Market
SONA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Southern National Bancorp of Virginia (SONA) -0.6% -2.9% 11.3% -4.3% 27.4% 58.8%
US Banks 2.4% 2.7% 11.8% -9.8% 48.9% 40.9%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • SONA outperformed the Banks industry which returned -9.8% over the past year.
  • SONA underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
SONA
Industry
5yr Volatility vs Market

Value

 Is Southern National Bancorp of Virginia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Southern National Bancorp of Virginia to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Southern National Bancorp of Virginia.

NasdaqGM:SONA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $16.00 * 3.1%
$0.49
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $16.00
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:SONA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.637 (1 + (1- 21%) (63.17%))
0.97
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.97 * 5.96%)
8.51%

Discounted Cash Flow Calculation for NasdaqGM:SONA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Southern National Bancorp of Virginia is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:SONA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.1% – 8.51%) * $16.00)
$-0.87
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.87 / (8.51% - 2.73%)
$-15.11
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.00 + $-15.11
$0.89
NasdaqGM:SONA Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.89
Current discount Discount to share price of $15.67
= -1 x ($15.67 - $0.89) / $0.89
-1663.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Southern National Bancorp of Virginia is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Southern National Bancorp of Virginia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Southern National Bancorp of Virginia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:SONA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.40
NasdaqGM:SONA Share Price ** NasdaqGM (2019-03-15) in USD $15.67
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 13.36x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Southern National Bancorp of Virginia.

NasdaqGM:SONA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:SONA Share Price ÷ EPS (both in USD)

= 15.67 ÷ 1.40

11.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southern National Bancorp of Virginia is good value based on earnings compared to the US Banks industry average.
  • Southern National Bancorp of Virginia is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Southern National Bancorp of Virginia's expected growth come at a high price?
Raw Data
NasdaqGM:SONA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
2.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.23x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

NasdaqGM:SONA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.17x ÷ 2.7%

4.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southern National Bancorp of Virginia is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Southern National Bancorp of Virginia's assets?
Raw Data
NasdaqGM:SONA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $14.48
NasdaqGM:SONA Share Price * NasdaqGM (2019-03-15) in USD $15.67
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.25x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NasdaqGM:SONA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:SONA Share Price ÷ Book Value per Share (both in USD)

= 15.67 ÷ 14.48

1.08x

* Primary Listing of Southern National Bancorp of Virginia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southern National Bancorp of Virginia is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Southern National Bancorp of Virginia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Southern National Bancorp of Virginia has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Southern National Bancorp of Virginia expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Southern National Bancorp of Virginia expected to grow at an attractive rate?
  • Southern National Bancorp of Virginia's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Southern National Bancorp of Virginia's earnings growth is positive but not above the United States of America market average.
  • Southern National Bancorp of Virginia's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:SONA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:SONA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 2.7%
NasdaqGM:SONA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -2.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:SONA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:SONA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 93 36 2
2019-12-31 91 34 2
NasdaqGM:SONA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 97 41 34
2018-09-30 96 44 25
2018-06-30 93 44 20
2018-03-31 79 32 9
2017-12-31 65 25 2
2017-09-30 51 18 6
2017-06-30 39 13 4
2017-03-31 38 22 10
2016-12-31 38 18 10
2016-09-30 39 12 10
2016-06-30 39 12 10
2016-03-31 38 11 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Southern National Bancorp of Virginia's earnings are expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
  • Southern National Bancorp of Virginia's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:SONA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Southern National Bancorp of Virginia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:SONA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.46 1.47 1.44 2.00
2019-12-31 1.39 1.41 1.37 2.00
NasdaqGM:SONA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.40
2018-09-30 1.03
2018-06-30 0.85
2018-03-31 0.41
2017-12-31 0.13
2017-09-30 0.37
2017-06-30 0.33
2017-03-31 0.80
2016-12-31 0.84
2016-09-30 0.86
2016-06-30 0.83
2016-03-31 0.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Southern National Bancorp of Virginia is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Southern National Bancorp of Virginia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Southern National Bancorp of Virginia has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Southern National Bancorp of Virginia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Southern National Bancorp of Virginia's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Southern National Bancorp of Virginia has delivered over 20% year on year earnings growth in the past 5 years.
  • Southern National Bancorp of Virginia's 1-year earnings growth exceeds its 5-year average (1289.3% vs 25.4%)
  • Southern National Bancorp of Virginia's earnings growth has exceeded the US Banks industry average in the past year (1289.3% vs 43.2%).
Earnings and Revenue History
Southern National Bancorp of Virginia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Southern National Bancorp of Virginia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:SONA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 96.72 33.69 41.05
2018-09-30 95.99 24.83 40.54
2018-06-30 92.90 20.34 41.61
2018-03-31 79.43 8.63 35.86
2017-12-31 64.72 2.43 29.88
2017-09-30 50.57 5.78 24.58
2017-06-30 39.17 4.17 17.37
2017-03-31 37.91 9.80 17.12
2016-12-31 38.22 10.31 17.29
2016-09-30 38.71 10.46 17.60
2016-06-30 38.50 10.17 17.71
2016-03-31 38.01 9.85 17.63
2015-12-31 37.23 9.29 17.40
2015-09-30 35.75 8.91 16.91
2015-06-30 34.90 8.54 16.67
2015-03-31 33.99 7.85 16.10
2014-12-31 32.14 7.48 15.50
2014-09-30 31.14 6.92 14.95
2014-06-30 29.59 6.59 14.53
2014-03-31 28.31 6.37 14.26
2013-12-31 28.57 6.26 14.10
2013-09-30 27.97 6.17 13.89
2013-06-30 27.61 5.59 13.62
2013-03-31 27.61 6.25 13.32
2012-12-31 27.64 6.57 12.63
2012-09-30 24.79 5.52 11.94
2012-06-30 24.26 5.72 11.31
2012-03-31 21.74 4.95 10.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Southern National Bancorp of Virginia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Southern National Bancorp of Virginia used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Southern National Bancorp of Virginia improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Southern National Bancorp of Virginia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Southern National Bancorp of Virginia has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Southern National Bancorp of Virginia's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Southern National Bancorp of Virginia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Southern National Bancorp of Virginia Company Filings, last reported 2 months ago.

NasdaqGM:SONA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 348.29 238.73 28.61
2018-09-30 340.84 318.22 34.46
2018-06-30 334.45 393.17 52.16
2018-03-31 328.07 407.06 28.63
2017-12-31 322.77 407.75 25.46
2017-09-30 326.01 345.19 23.94
2017-06-30 323.27 266.23 44.60
2017-03-31 128.29 142.08 35.42
2016-12-31 126.34 95.00 44.49
2016-09-30 125.05 85.00 50.41
2016-06-30 122.96 87.50 41.71
2016-03-31 121.16 98.05 34.12
2015-12-31 119.64 84.38 29.46
2015-09-30 120.31 60.95 51.54
2015-06-30 119.07 70.04 74.53
2015-03-31 115.13 54.86 36.42
2014-12-31 113.98 54.04 36.82
2014-09-30 116.38 62.78 45.80
2014-06-30 108.84 91.85 24.23
2014-03-31 107.65 44.73 19.38
2013-12-31 106.61 64.80 19.06
2013-09-30 105.97 50.73 32.35
2013-06-30 104.94 50.78 28.55
2013-03-31 104.15 45.86 54.51
2012-12-31 103.18 63.66 37.50
2012-09-30 104.02 62.96 22.29
2012-06-30 103.01 61.28 27.34
2012-03-31 100.76 53.35 5.05
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Southern National Bancorp of Virginia has an acceptable proportion of non-loan assets held.
  • Southern National Bancorp of Virginia's liabilities are made up of primarily low risk sources of funding.
  • Loans at Southern National Bancorp of Virginia are broadly funded by customer deposits.
  • Southern National Bancorp of Virginia's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Southern National Bancorp of Virginia has a sufficient allowance for bad loans.
  • Southern National Bancorp of Virginia has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Southern National Bancorp of Virginia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Southern National Bancorp of Virginia has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Southern National Bancorp of Virginia's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.3%
Current annual income from Southern National Bancorp of Virginia dividends. Estimated to be 2.36% next year.
If you bought $2,000 of Southern National Bancorp of Virginia shares you are expected to receive $46 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Southern National Bancorp of Virginia's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Southern National Bancorp of Virginia's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:SONA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 470 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:SONA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.38 2.00
2019-12-31 0.36 2.00
NasdaqGM:SONA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.360 2.297
2019-01-24 0.360 2.322
2018-11-09 0.320 2.213
2018-10-25 0.320 2.087
2018-08-09 0.320 1.918
2018-07-26 0.320 1.843
2018-05-10 0.320 1.851
2018-04-26 0.320 1.925
2018-03-16 0.320 2.012
2018-01-26 0.320 2.007
2017-11-09 0.320 1.953
2017-10-26 0.320 1.961
2017-08-09 0.320 1.936
2017-07-27 0.320 1.886
2017-05-09 0.320 1.842
2017-04-27 0.320 1.790
2017-03-16 0.320 1.896
2017-01-27 0.320 1.925
2016-11-09 0.520 3.357
2016-10-20 0.520 3.974
2016-07-21 0.520 4.037
2016-05-10 0.520 4.283
2016-04-29 0.520 4.262
2016-03-15 0.520 4.222
2016-01-21 0.520 4.084
2015-11-09 0.520 4.146
2015-10-22 0.520 4.552
2015-08-10 0.320 2.799
2015-07-23 0.320 2.778
2015-05-11 0.320 2.753
2015-04-23 0.320 2.711
2015-03-13 0.320 2.665
2015-01-22 0.320 2.760
2014-11-10 0.320 2.819
2014-10-23 0.320 2.795
2014-07-17 0.320 2.911
2014-04-24 0.280 2.658
2014-01-23 0.280 2.769
2013-10-24 0.280 2.818
2013-07-25 0.280 2.858
2013-04-25 0.240 2.477
2013-01-24 0.200 2.049
2012-10-26 0.160 1.953
2012-07-26 0.100 1.290
2012-05-03 0.060 0.843
2012-02-07 0.060 0.896

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southern National Bancorp of Virginia has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Southern National Bancorp of Virginia only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Southern National Bancorp of Virginia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess Southern National Bancorp of Virginia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Southern National Bancorp of Virginia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Southern National Bancorp of Virginia has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Southern National Bancorp of Virginia's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Shearin
COMPENSATION $509,681
AGE 62
TENURE AS CEO 1.8 years
CEO Bio

Mr. Joe A. Shearin has been Chief Executive Officer and Director of Southern National Bancorp of Virginia, Inc. since June 23, 2017. Mr. Shearin served as the Chief Executive Officer and President of Eastern Virginia Bank, a subsidiary of Eastern Virginia Bankshares, Inc. since 2006. Mr. Shearin served as the President and Chief Executive Officer of Eastern Virginia Bankshares, Inc. since August 2002. He served as the President and Chief Executive Officer at Southside Bank, a division of Eastern Virginia Bankshares, Inc. from 2001 to 2016. From 1997 to 2001, Mr. Shearin served as Senior Vice President/City Executive for BB&T from 1997 to 2001. He served as an Executive Vice President of First Federal Savings Bank before joining BB&T since 1995. Mr. Shearin has 38 years of bank management experience including commercial, retail, marketing, sales, strategic planning, credit administration, risk management and asset/liability management. He has been a Director of Eastern Virginia Bankshares, Inc. since 2003. He has been a Director of CBB Financial Corp. and Community Bankers' Bank (Midlothian,VA) since May 25, 2016. He serves as a Director of Eastern Virginia Bank, a subsidiary of Eastern Virginia Bankshares, Inc.

CEO Compensation
  • Insufficient data for Joe to compare compensation growth.
  • Joe's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Southern National Bancorp of Virginia management team in years:

1.8
Average Tenure
62
Average Age
  • The average tenure for the Southern National Bancorp of Virginia management team is less than 2 years, this suggests a new team.
Management Team

Georgia Derrico

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$3M
AGE
73
TENURE
14.7 yrs

Joe Shearin

TITLE
CEO & Director
COMPENSATION
$510K
AGE
62
TENURE
1.8 yrs

Rod Porter

TITLE
Co-Founder & Executive Vice Chairman
COMPENSATION
$2M
AGE
72

William Stevens

TITLE
Executive Credit Risk Officer
COMPENSATION
$217K
AGE
73
TENURE
13.9 yrs

Jeff Culver

TITLE
President
AGE
49
TENURE
0.8 yrs

Jeff Karafa

TITLE
Executive VP & CFO
AGE
53
TENURE
0.5 yrs

Jr. Sheflett

TITLE
Executive VP
AGE
47

Douglas Taylor

TITLE
Chief Risk Officer
AGE
61
TENURE
1.8 yrs

R. Porter

TITLE
Secretary
AGE
72

Robyn Reid

TITLE
VP, Treasurer & Controller
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Southern National Bancorp of Virginia board of directors in years:

6
Average Tenure
72.5
Average Age
  • The tenure for the Southern National Bancorp of Virginia board of directors is about average.
Board of Directors

Georgia Derrico

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$3M
AGE
73
TENURE
14.7 yrs

Joe Shearin

TITLE
CEO & Director
COMPENSATION
$510K
AGE
62
TENURE
1.8 yrs

Rod Porter

TITLE
Co-Founder & Executive Vice Chairman
COMPENSATION
$2M
AGE
72
TENURE
14.7 yrs

Charles Kabbash

TITLE
Director
COMPENSATION
$45K
AGE
80
TENURE
13.9 yrs

Bob Clagett

TITLE
Director
COMPENSATION
$46K
AGE
76
TENURE
4.6 yrs

John Biagas

TITLE
Director
COMPENSATION
$20K
AGE
53
TENURE
1.8 yrs

Rand Cook

TITLE
Director
COMPENSATION
$19K
AGE
64
TENURE
1.8 yrs

Neil Call

TITLE
Director
COMPENSATION
$55K
AGE
84
TENURE
13.9 yrs

W. Jennings

TITLE
Director
COMPENSATION
$55K
AGE
68
TENURE
7.3 yrs

F. Garrett

TITLE
Director
COMPENSATION
$18K
AGE
78
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Southern National Bancorp of Virginia insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Feb 19 Buy John Biagas Individual 11. Feb 19 12. Feb 19 2,225 $15.29 $33,971
04. Feb 19 Buy Charles Kabbash Individual 31. Jan 19 31. Jan 19 950 $15.30 $14,538
04. Feb 19 Buy Joe Shearin Individual 31. Jan 19 31. Jan 19 945 $14.79 $13,975
04. Feb 19 Buy William Cook Individual 31. Jan 19 31. Jan 19 462 $14.96 $6,910
01. Feb 19 Buy William Cook Individual 30. Jan 19 30. Jan 19 672 $14.86 $9,978
31. Jan 19 Buy Georgia Derrico Individual 29. Jan 19 30. Jan 19 2,431 $15.00 $36,174
31. Jan 19 Buy Charles Kabbash Individual 29. Jan 19 29. Jan 19 1,350 $15.28 $20,632
31. Jan 19 Buy Joe Shearin Individual 30. Jan 19 30. Jan 19 1,345 $14.88 $19,998
28. Jan 19 Buy William Stevens Individual 27. Jan 19 27. Jan 19 1,500 $5.50 $8,250
28. Jan 19 Buy William Lagos Individual 24. Jan 19 24. Jan 19 2,000 $5.50 $11,000
18. Dec 18 Buy Daniel Burch Individual 14. Dec 18 14. Dec 18 1,500 $13.77 $20,655
20. Nov 18 Buy Charles Kabbash Individual 16. Nov 18 16. Nov 18 1,020 $15.94 $16,059
09. Nov 18 Buy Jeffrey Culver Individual 09. Nov 18 09. Nov 18 1,000 $15.45 $15,450
06. Nov 18 Buy Jeffrey Culver Individual 01. Nov 18 02. Nov 18 1,000 $15.50 $15,375
07. Nov 18 Buy Jeffrey Culver Individual 05. Sep 18 05. Sep 18 1,000 $17.52 $17,520
06. Nov 18 Buy Robert Clagett Individual 02. Nov 18 02. Nov 18 300 $15.15 $4,544
02. Nov 18 Buy R. Porter Individual 30. Oct 18 30. Oct 18 1,000 $15.25 $15,250
02. Nov 18 Buy Georgia Derrico Individual 30. Oct 18 30. Oct 18 1,000 $15.25 $15,250
01. Nov 18 Buy John Biagas Individual 30. Oct 18 30. Oct 18 3,290 $15.20 $50,008
01. Nov 18 Buy Joe Shearin Individual 30. Oct 18 30. Oct 18 300 $15.24 $4,571
31. May 18 Buy W. Jennings Individual 29. May 18 31. May 18 1,440 $17.53 $24,903
30. May 18 Buy John Biagas Individual 29. May 18 29. May 18 1,470 $16.98 $24,961
16. May 18 Buy Joe Shearin Individual 16. May 18 16. May 18 1,491 $16.71 $24,894
09. May 18 Buy Neil Call Individual 09. May 18 09. May 18 586 $17.02 $9,974
09. May 18 Buy William Cook Individual 07. May 18 09. May 18 1,464 $17.05 $24,925
07. May 18 Buy Neil Call Individual 04. May 18 04. May 18 1,000 $16.85 $16,850
04. May 18 Buy F. Garrett Individual 04. May 18 04. May 18 575 $16.78 $9,649
03. May 18 Buy F. Garrett Individual 02. May 18 02. May 18 932 $16.44 $15,319
03. May 18 Buy Charles Kabbash Individual 02. May 18 02. May 18 590 $16.75 $9,882
02. May 18 Buy Georgia Derrico Individual 01. May 18 01. May 18 1,550 $16.08 $24,924
10. Apr 18 Buy Charles Kabbash Individual 19. Mar 18 19. Mar 18 1,775 $16.27 $28,879
X
Management checks
We assess Southern National Bancorp of Virginia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Southern National Bancorp of Virginia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) Be Part Of Your Dividend Portfolio?

Historically, Southern National Bancorp of Virginia, Inc. … Let's take a look at Southern National Bancorp of Virginia in more detail. … View our latest analysis for Southern National Bancorp of Virginia

Simply Wall St -

Only 2 Days Left Until Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) Trades Ex-Dividend

To qualify for the dividend check of US$0.09 per share, investors must have owned the shares prior to 08 February 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?

Simply Wall St -

Are You Considering All The Risks For Southern National Bancorp of Virginia, Inc.’s (NASDAQ:SONA)?

As a small-cap bank with a market capitalisation of US$339m, Southern National Bancorp of Virginia, Inc.’s (NASDAQ:SONA) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Southern National Bancorp of Virginia’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Southern National Bancorp of Virginia's a stock investment.

Simply Wall St -

Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Southern National Bancorp of Virginia, Inc. … Southern National Bancorp of Virginia Insider Transactions Over The Last Year. … Overall, Southern National Bancorp of Virginia insiders were net buyers last year

Simply Wall St -

How Does Southern National Bancorp of Virginia Inc (NASDAQ:SONA) Fare As A Dividend Stock?

Historically, Southern National Bancorp of Virginia Inc (NASDAQ:SONA) has paid dividends to shareholders, and these days it yields 2.1%. … Let's dig deeper into whether Southern National Bancorp of Virginia should have a place in your portfolio. … Check out our latest analysis for Southern National Bancorp of Virginia

Simply Wall St -

Does The Data Make Southern National Bancorp of Virginia Inc (NASDAQ:SONA) An Attractive Investment?

Southern National Bancorp of Virginia Inc (NASDAQ:SONA) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

Why Southern National Bancorp of Virginia Inc (NASDAQ:SONA) May Not Be As Risky Than You Think

As a small-cap bank with a market capitalisation of US$392m, Southern National Bancorp of Virginia Inc’s (NASDAQ:SONA) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Southern National Bancorp of Virginia’s bottom line. … Today we will analyse Southern National Bancorp of Virginia’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

Should You Be Tempted To Sell Southern National Bancorp of Virginia Inc (NASDAQ:SONA) At Its Current PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Southern National Bancorp of Virginia Inc (NASDAQ:SONA) trades with a trailing P/E of 20.6, which is higher than the industry average of 16.3. … See our latest analysis for Southern National Bancorp of Virginia

Simply Wall St -

Is Buying Southern National Bancorp of Virginia Inc (NASDAQ:SONA) For Its Upcoming US$0.08 Dividend A Good Choice?

Important news for shareholders and potential investors in Southern National Bancorp of Virginia Inc (NASDAQ:SONA): The dividend payment of US$0.08 per share will be distributed into shareholder on 24 August 2018, and the stock will begin trading ex-dividend at an earlier date, 10 August 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Southern National Bancorp of Virginia's latest financial data to analyse its dividend characteristics. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Why Southern National Bancorp of Virginia Inc (NASDAQ:SONA)'s 1.86% Dividend Is Not A Good Reason To Buy

Southern National Bancorp of Virginia Inc (NASDAQ:SONA) has returned to shareholders over the past 6 years, an average dividend yield of 3.00% annually. … Does Southern National Bancorp of Virginia tick all the boxes of a great dividend stock? … View our latest analysis for Southern National Bancorp of Virginia

Simply Wall St -

Company Info

Description

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 noninterest-bearing and interest-bearing checking, commercial checking, money market, and savings accounts, as well as certificates of deposit. The company’s loan 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; construction loans for commercial, multifamily, and other non-residential properties; commercial business loans, such as lines of credit, revolving credit facilities, demand loans, term loans, equipment loans, small business administration loans, stand-by letters of credit, and unsecured loans; residential mortgage lending; and secured and unsecured consumer loans. 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 transfer, merchant, ACH origination, check 21 processing, asset based lending, and mobile banking application services. In addition, the company provides other consumer/retail products and services that include debit and credit cards, ATM services, travelers’ checks, notary services, and online banking services. At December 31, 2017, it had 38 full-service retail branches in Virginia; and 7 full-service retail branches in Maryland. The company was founded in 2004 and is headquartered in McLean, Virginia.

Details
Name: Southern National Bancorp of Virginia, Inc.
SONA
Exchange: NasdaqGM
Founded: 2004
$377,929,107
24,118,003
Website: http://www.sonabank.com
Address: Southern National Bancorp of Virginia, Inc.
6830 Old Dominion Drive,
McLean,
Virginia, 22101,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM SONA Common Stock Nasdaq Global Market US USD 01. Nov 2006
Number of employees
Current staff
Staff numbers
348
Southern National Bancorp of Virginia employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 00:00
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/01/28
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.