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Last $12.11 USD
Change Today +0.07 / 0.58%
Volume 6.6K
MNRK On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 11:31 AM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

monarch financial holdings (MNRK) Snapshot

Open
$12.02
Previous Close
$12.04
Day High
$12.45
Day Low
$12.00
52 Week High
11/17/14 - $14.84
52 Week Low
05/30/14 - $11.15
Market Cap
130.4M
Average Volume 10 Days
12.7K
EPS TTM
$1.13
Shares Outstanding
10.8M
EX-Date
05/20/15
P/E TM
10.7x
Dividend
$0.36
Dividend Yield
2.70%
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.

642 Employees
Last Reported Date: 05/8/15

monarch financial holdings (MNRK) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $516.7K
President, Director, Member of Executive Comm...
Total Annual Compensation: $466.7K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $228.3K
Director and Chief Executive Officer of Monar...
Total Annual Compensation: $250.0K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2014.

monarch financial holdings (MNRK) Key Developments

Monarch Financial Holdings, Inc. Announces Quarterly Common Stock Cash Dividend, Payable on June 12, 2015

Monarch Financial Holdings, Inc. announced a 12.5% increase in the quarterly common stock cash dividend at its annual shareholders meeting held on May 12, 2015. The Board of Directors declared a quarterly cash dividend of $0.09 per common share, payable on June 12, 2015, to shareholders of record on May 25, 2015.

Monarch Financial Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Monarch Financial Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $11,385,570 compared to $10,434,083 a year ago. Net interest income was $10,648,489 compared to $9,462,971 a year ago. Net interest income after provision for loan losses was $10,398,489 compared to $9,462,971 a year ago. Income before taxes was $5,486,820 compared to $4,024,989 a year ago. Net income was $3,493,480 compared to $2,553,749 a year ago. Net income attributable to the company was $3,461,207 compared to $2,537,265 a year ago. Diluted net income per share was $0.32 compared to $0.24 a year ago. Return on average assets was 1.31% compared to 1.06% a year ago. Return on average stockholders' equity was 12.98% compared to 10.46% a year ago. Book value per common share as of March 31, 2015 was $10.39. Tangible book value per common share was $10.32.

Monarch Financial Holdings, Inc., Annual General Meeting, May 12, 2015

Monarch Financial Holdings, Inc., Annual General Meeting, May 12, 2015., at 17:30 US Eastern Standard Time. Location: Chrysler Museum of Art, Kaufman Theater. Agenda: To elect four directors, Taylor B. Grissom, William T. Morrison, Elizabeth T. Patterson, and Brad E. Schwartz, each to serve a three year term as Class I directors, or until their successors are elected and qualified; to approve, in an advisory, non-binding vote, the compensation of the company's named executive officers disclosed in the proxy statement; to ratify the appointment of Yount, Hyde and Barbour, PC, as the company's independent auditor for the year ending December 31, 2015; and to transact such other business as may properly come before the Annual Meeting.

 

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MNRK Competitors

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Company Last Change
C&F Financial Corp $36.09 USD -0.4999
Capital City Bank Group Inc $14.17 USD -0.04
Carter Bank & Trust $12.50 USD 0.00
First Community Bancshares Inc/VA $16.78 USD -0.06
NewBridge Bancorp $7.82 USD +0.04
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Industry Analysis

MNRK

Industry Average

Valuation MNRK Industry Range
Price/Earnings 10.8x
Price/Sales 1.1x
Price/Book 1.2x
Price/Cash Flow 10.9x
TEV/Sales NM Not Meaningful
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