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Monarch Financial (NASDAQ:MNRK) CEO Brad E. Schwartz sold 4,317 shares of Monarch Financial stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $11.47, for a total transaction of $49,515.99. Following the transaction, the chief executive officer now directly owns 103,951 shares in the company, valued at approximately $1,192,318. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Monarch Financial (NASDAQ:MNRK) traded up 0.18% during mid-day trading on Wednesday, hitting $11.43. The stock had a trading volume of 3,647 shares. Monarch Financial has a 52 week low of $8.95 and a 52 week high of $13.35. The stock has a 50-day moving average of $11.60 and a 200-day moving average of $11.58. The company has a market cap of $120.0 million and a P/E ratio of 10.56.

Monarch Financial (NASDAQ:MNRK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.01. Analysts expect that Monarch Financial will post $0.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Monday, February 10th will be given a dividend of 0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, February 6th.

A number of research firms have recently commented on MNRK. Analysts at Zacks downgraded shares of Monarch Financial from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $10.90 price target on the stock.

Monarch Financial Holdings, Inc is a bank holding company commercial and retail banking, investment and insurance sales, and mortgage origination and brokerage.

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