Last $11.73 USD
Change Today +0.03 / 0.26%
Volume 6.9K
MNRK On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 3:56 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

monarch financial holdings (MNRK) Snapshot

Open
$11.70
Previous Close
$11.70
Day High
$11.75
Day Low
$11.70
52 Week High
09/4/13 - $13.35
52 Week Low
07/29/13 - $10.73
Market Cap
124.6M
Average Volume 10 Days
15.0K
EPS TTM
$0.97
Shares Outstanding
10.6M
EX-Date
08/6/14
P/E TM
12.1x
Dividend
$0.32
Dividend Yield
2.39%
Current Stock Chart for MONARCH FINANCIAL HOLDINGS (MNRK)

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monarch financial holdings (MNRK) Details

Monarch Financial Holdings, Inc. operates as the bank holding company for Monarch Bank that provides various banking products and services for businesses, professionals, corporate executives, and individuals. Its deposit product line includes checking accounts; savings accounts; and time deposits, including daily money market accounts to longer-term certificates of deposit. The company’s loan portfolio comprises consumer loans, including home equity lines of credit; professional lines of credit; and secured and unsecured loans for financing automobiles, home improvements, education, and personal investments, as well as real estate construction, acquisition, and development loans. Its loan portfolio also consists of secured and unsecured commercial loans for working capital, including inventory and receivables; business expansion, such as acquisition of real estate and improvements; and the purchase of equipment and machinery, as well as loans secured by commercial real estate. The company also offers investment advisory services, insurance sales, safe deposit boxes, check and bankcard services, online banking services, direct deposit of payroll and social security checks, and automatic drafts for various accounts. In addition, it provides commercial mortgage brokerage services in the placement of primarily long-term fixed-rate debt for the commercial, hospitality, and multi-family housing markets. Further, the company offers mobile banking, remote deposit capture, and online cash management services. As of May 9, 2014, the company operated 11 banking offices in Chesapeake, Virginia Beach, Norfolk, Suffolk, and Williamsburg, Virginia; offices in Kitty Hawk and Nags Head, North Carolina; and 30 offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Monarch Financial Holdings, Inc. is headquartered in Chesapeake, Virginia.

664 Employees
Last Reported Date: 03/13/14

monarch financial holdings (MNRK) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $536.7K
President, Director, Member of Executive Comm...
Total Annual Compensation: $485.0K
Executive Vice President, Director and Chief ...
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2013.

monarch financial holdings (MNRK) Key Developments

Monarch Financial Holdings, Inc. Declares Quarterly Cash Dividend, Payable on August 29, 2014

The Board of Directors of Monarch Financial Holdings, Inc. announced a quarterly common stock cash dividend of $0.08 per common share, payable on August 29, 2014, to shareholders of record on August 8, 2014.

Monarch Financial Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2014

Monarch Financial Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total interest income was $10,556,992 compared with $10,975,487 a year ago. Net interest income was $9,580,106 compared with $9,791,564 a year ago. Income before taxes was $5,071,995 compared with $5,292,951 a year ago. Net income was $3,304,495 compared with $3,495,178 a year ago. Net income attributable to the company was $3,183,574 or $0.30 per basic and diluted share compared with $3,066,638 or $0.29 per basic and diluted share a year ago. Return on average assets was 1.29% compared with 1.19% a year ago. Return on average stockholders' equity was 12.63% compared with 13.42% a year ago. For the six months, the company's total interest income was $20,991,075 compared with $22,829,357 a year ago. Net interest income was $19,043,077 compared with $20,207,752 a year ago. Income before taxes was $9,096,984 compared with $11,029,536 a year ago. Net income was $5,858,244 compared with $7,238,210 a year ago. Net income attributable to the company was $5,720,839 or $0.54 per basic and diluted share compared with $6,524,767 or $0.62 per diluted share a year ago. Return on average assets was 1.18% compared with 1.23% a year ago. Return on average stockholders' equity was 11.57% compared with 14.61% a year ago. As on June 30, 2014, the company's book value per common share was $9.67 against $8.95 a year ago. Tangible book value per common share was $9.59 against $8.86 a year ago. For the quarter, the company announced net charge-offs of $0.143 million against $0.532 million a year ago.

Monarch Financial Holdings, Inc. Declares Quarterly Cash Dividend, Payable on June 13, 2014

Monarch Financial Holdings, Inc. announced a 14% increase in the quarterly common stock cash dividend at its annual shareholders meeting held on May 8, 2014. The Board of Directors declared a quarterly cash dividend of $0.08 per common share, payable on June 13, 2014, to shareholders of record on May 23, 2014.

 

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Industry Analysis

MNRK

Industry Average

Valuation MNRK Industry Range
Price/Earnings 12.0x
Price/Sales 1.2x
Price/Book 1.2x
Price/Cash Flow 12.1x
TEV/Sales 0.3x
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