Mendon Capital Advisors Corp buys $6,019,313 stake in Southern National Banc. of Virginia Inc (SONA)

Southern National Banc. of Virginia Inc (SONA) : Mendon Capital Advisors Corp scooped up 60,983 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 Aug 3, 2016. The investment management firm now holds a total of 472,103 shares of Southern National Banc. of Virginia Inc which is valued at $6,019,313.Southern National Banc. of Virginia Inc makes up approximately 1.09% of Mendon Capital Advisors Corp’s portfolio.

Other Hedge Funds, Including , Rmb Capital Management boosted its stake in SONA in the latest quarter, The investment management firm added 210,547 additional shares and now holds a total of 516,697 shares of Southern National Banc. of Virginia Inc which is valued at $6,587,887. Southern National Banc. of Virginia Inc makes up approx 0.45% of Rmb Capital Management’s portfolio. California State Teachers Retirement System added SONA to its portfolio by purchasing 23,484 company shares during the most recent quarter which is valued at $299,421.Thomson Horstmann Bryant Inc reduced its stake in SONA by selling 267,678 shares or 58.75% in the most recent quarter. The Hedge Fund company now holds 187,931 shares of SONA which is valued at $2,298,396. Southern National Banc. of Virginia Inc makes up approx 0.28% of Thomson Horstmann Bryant Inc’s portfolio.

Southern National Banc. of Virginia Inc closed down -0.02 points or -0.16% at $12.81 with 12,560 shares getting traded on Monday. Post opening the session at $13, the shares hit an intraday low of $12.67 and an intraday high of $13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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