Stock in the Trader’s Radar— Southern National Bancorp of Virginia, Inc. (SONA)

Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) announced that Jeffrey H. Culver has been appointed President and Chief Operating Officer of Southern National, effective May 7, 2018.

Georgia Derrico, Executive Chairman of Southern National, stated, “We are very pleased to have Jeff join Southern National. I am confident Jeff’s leadership experience will further our company as we position ourselves for continued growth and success. Joe Shearin, CEO of Southern National, has known him for over eight years and his depth and breadth of experience in the banking industry will be a valuable addition to our team.”

Mr. Culver is enthusiastic about his new role at Southern National and commented, “I am thrilled to be joining the Southern National team and excited to help it continue its mission of not just building a bigger bank – but a better one for its customers, employees, shareholders, and communities.”

Mr. Culver has more than 25 years of experience in the banking industry. Mr. Culver most recently served as Executive Vice President and Chief Operating Officer of Access National Bank. Mr. Culver served as Senior Executive Vice President and Chief Operating Officer of Middleburg Financial Corporation until its merger with Access National Corporation in 2017. Mr. Culver holds a Bachelor of Arts degree from Ursinus College and Master of Arts degree in economics from American University.

Southern National Bancorp of Virginia, Inc. (SONA) added 0.50% with the finishing price of $16.07 in Friday Trading Session. With Latest gain move, stock price showed -13.04% downward in value from one year high price and revealed 6.35% up in value from its one year low price.

In the recent week Southern National Bancorp of Virginia, Inc. stock price volatility was noted 1.86% while for the last month volatility was seen at 2.09%. Its Average True Range (ATR) shows a number of 0.3. Return on assets (ROA) results to 0.10%. While Return on investment (ROI) reached to 14.10%.

The 1.51% positive picture painted by the trends generated around 20 SMAs. The established market sentiment toward the stock has created a trading environment which can suitably be described as optimistic.

There has been positive move seen around 50 SMAs. The stock price is showing 1.20% distance above 50 SMA. On the surface, it seems as the higher the 50-day moving average goes, the more bullish the market is (and the lower it goes, the more bearish). In practice, however, the reverse is true. The 50-day moving average is perceived to be the dividing line between a stock that is technically healthy and one that is not. Furthermore, the percentage of stocks above their 50-day moving average helps determine the overall health of the market. Many market traders also use moving averages to determine profitable entry and exit points into specific securities.

Southern National Bancorp of Virginia, Inc. (SONA) has demonstrated negative trend based on recent movement of 200 SMA with -2.12% during the course of recent market activity. This trend reveals recent direction. The current direction of 200 SMA is downward. When the price over the last 200 days is moving with increasing trend, look for buy opportunities and when it shows decreasing trend the price is below the last 200 days, look for sell opportunities.

The current value of the RSI is 54.42. The relative strength index (RSI) readings highlights overbought above 70 and oversold below 30. The stock also has a beta of 0.29. When beta is less/more than 1, it can be interpreted that the stock is theoretically less/more volatile than the market – something traders will surely be keeping an eye on.

In terms of profitability, The Company has a profit margin of 2.90%, and an operating of 70.90%. The stock price changed 1.13% in the past week. Shares of the company have performed -1.71% over the last three months and moved -5.53% over the last 12- months.

Analysts contributed mean rating at 1. This recommendation scale based between 1 and 5. Analysts offer the company with a rating of 3 would be a sign of a Hold rating. Analysts pass on shares a rating of 1 or 2 would be signifying a Buy. A rating of 4 or 5 would tip to a Sell suggestion.

Leave a Reply

Your email address will not be published. Required fields are marked *