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Have Insiders Been Buying Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) Shares?

Simply Wall St

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA), you may well want to know whether insiders have been buying or selling.

What Is Insider Buying?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.

Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

View our latest analysis for Southern National Bancorp of Virginia

The Last 12 Months Of Insider Transactions At Southern National Bancorp of Virginia

Over the last year, we can see that the biggest insider purchase was by Director John Biagas for US$50k worth of shares, at about US$15.20 per share. That means that an insider was happy to buy shares at around the current price of US$15.52. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Southern National Bancorp of Virginia insiders decided to buy shares at close to current prices.

In the last twelve months insiders paid US$536k for 36388 shares purchased. Southern National Bancorp of Virginia may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqGM:SONA Recent Insider Trading, April 26th 2019
NasdaqGM:SONA Recent Insider Trading, April 26th 2019

Southern National Bancorp of Virginia is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Southern National Bancorp of Virginia Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Southern National Bancorp of Virginia. In total, insiders bought US$164k worth of shares in that time, and we didn't record any sales whatsoever. That shows some optimism about the company's future.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 4.6% of Southern National Bancorp of Virginia shares, worth about US$18m. 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?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Southern National Bancorp of Virginia we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Southern National Bancorp of Virginia, you should check out this free report on analyst forecasts for the company.

Of course Southern National Bancorp of Virginia may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.