Monarch Financial (MNRK) Announces Quarterly Earnings, Beats Expectations By $0.01 EPS
Monarch Financial (NASDAQ:MNRK) announced its earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01, AnalystRatings.Net reports.
Monarch Financial (NASDAQ:MNRK) traded up 0.43% during mid-day trading on Thursday, hitting $11.79. The stock had a trading volume of 1,300 shares. Monarch Financial has a 52-week low of $10.60 and a 52-week high of $13.35. The stock’s 50-day moving average is $11.54 and its 200-day moving average is $11.61. The company has a market cap of $121.6 million and a P/E ratio of 12.10.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.71%.
Monarch Financial Holdings, Inc is a bank holding company commercial and retail banking, investment and insurance sales, and mortgage origination and brokerage.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.