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Monarch Financial (NASDAQ:MNRK) Director Lawton H. Baker unloaded 1,491 shares of Monarch Financial stock on the open market in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $11.31, for a total value of $16,863.21. Following the completion of the sale, the director now directly owns 57,837 shares in the company, valued at approximately $654,136. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Monarch Financial from a “neutral” rating to an “underperform” rating in a research note on Tuesday, February 4th. They now have a $10.90 price target on the stock.

Shares of Monarch Financial (NASDAQ:MNRK) traded up 1.06% on Thursday, hitting $11.42. 7,144 shares of the company’s stock traded hands. Monarch Financial has a 52 week low of $9.15 and a 52 week high of $13.35. The stock has a 50-day moving average of $11.56 and a 200-day moving average of $11.59. The company has a market cap of $117.5 million and a price-to-earnings ratio of 10.46.

Monarch Financial (NASDAQ:MNRK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the 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 2.48%. The ex-dividend date of this dividend is Thursday, February 6th.

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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