Yahoo Finance Dennis Zember Is The President of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) And They Just Picked Up 25% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) President, Dennis Zember, recently bought US$88k worth of stock, for US$8.79 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 25%.
See our latest analysis for Southern National Bancorp of Virginia
The Last 12 Months Of Insider Transactions At Southern National Bancorp of Virginia
In fact, the recent purchase by President Dennis Zember was not their only acquisition of Southern National Bancorp of Virginia shares this year. Earlier in the year, they paid US$15.14 per share in a US$227k purchase. That means that even when the share price was higher than US$8.87 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Southern National Bancorp of Virginia insiders bought shares during the last year, they didn't sell. The average buy price was around US$12.41. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Southern National Bancorp of Virginia Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Southern National Bancorp of Virginia insiders own about US$13m worth of shares. That equates to 5.8% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Southern National Bancorp of Virginia Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Southern National Bancorp of Virginia shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Southern National Bancorp of Virginia. While conducting our analysis, we found that Southern National Bancorp of Virginia has 2 warning signs and it would be unwise to ignore them.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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