MROE Monroe Bancorp featured news, full reports, and detailed charts
Monroe Bancorp (MROE) Wrap Up:
Monroe Bancorp (the "Company") is a one-bank holding company formed as a general corporation under Indiana law in 1984. At December 31, 2007, on a consolidated basis the Company had total assets of $778,080,000, total loans of $584,831,000 and total deposits of $619,717,000. The Company holds all of the outstanding stock of Monroe Bank (the "Bank"), which was formed in 1892. The Bank is the primary business activity of the Company. The Bank, headquartered in Bloomington, Indiana, conducts business from 16 locations in Monroe, Hendricks, Jackson and Lawrence counties in Indiana. Approximately 70 percent of the Bank's business is in Monroe County and is concentrated in and around the city of Bloomington. However, the Company's anticipated continued development of additional banking business in Hendricks County, and other counties in the greater Indianapolis area, is expected to gradually reduce this concentration. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f13%2f0000926274-08-000008.html#FIS_BUSINESS"Monroe Bancorp (MROE:NASDAQ)
Snapshot of Monroe Bancorp (MROE)
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OPEN
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PREVIOUS CLOSE
$7.05
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
12/16/08 - $9.74
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52 WEEK LOW
03/2/09 - $5.50
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MARKET CAP
43.9M
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AVERAGE VOLUME 3 mo
4.7K
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DILUTED EPS TTM
$0.38
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SHARES OUTSTANDING
6.2M
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EX-DATE
09/14/09
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P/E TTM
18.4x
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DIVIDEND
$0.04
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DIVIDEND YIELD
0.57%
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| K = Thousands M = Millions B = Billions | ||
MROE Top Compensated Officers
Executives, Board Directors
Key developments for Monroe Bancorp (MROE)
Monroe Bancorp reported earnings results for the third quarter and nine months ended September 30, 2009. The company reported net income of $710,000 or $0.114 per diluted common share for the quarter ended September 30, 2009 compared to $735,000 or $0.118 per diluted common share for the same period in 2008. Return on average assets and return on average equity for the third quarter of 2009 were 0.34% and 4.95%, respectively, compared to 0.37% and 5.20%, respectively, for the third quarter of 2008. Interest Income was $9,175,000 against $10,472,000 for the same period last year. Net Interest Income was $6,084,000 against $5,980,000 for the same period last year. Income before income tax was $868,000 against $660,000 for the same period last year. Net Income after tax & before extraordinary items was $710,000 against $735,000 for the same period last year. Book value per share was $9.19 as on September 30, 2009 against $8.95 as on September 30, 2008. Net income for the first nine months of 2009 totaled $2,592,000 or $0.417 per diluted common share compared to $4,188,000 or $0.673 per diluted common share for the same period of 2008. This represents a 38.1% decrease in net income and a 38.0% decrease in diluted earnings per share. The decrease in net income and diluted earnings per share was primarily due to a $2,270,000 or 48.0% increase in the provision for loan losses in the first nine months of 2009 compared to the same period in 2008. Return on average assets and return on average equity were 0.42% and 6.14%, respectively, for the first nine months of 2009 compared to 0.71% and 10.01%, respectively, for the first nine months of 2008.
Monroe Bancorp expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).
Monroe Bancorp announced that its Board of Directors recently declared a quarterly dividend of $0.01 per share on the company's Common Stock. The dividend is payable on September 30, 2009 to shareholders of record as of September 16, 2009. This dividend is unchanged from the $0.01 per share paid in the second quarter of 2009.
MROE Competitors
| Company | Last | Change |
| Indiana Community Bancorp | $8.25 USD | +0.05 |
| LNB Bancorp Inc | $4.67 USD | +0.02 |
| NB&T Financial Group Inc | $16.24 USD | 0.00 |
| United Bancorp Inc | $7.66 USD | +0.02 |
| United Bancshares Inc | $9.24 USD | -0.50 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MROE | Industry Range |
| Price/Earnings | 18.4x |
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| Price/Sales | 1.8x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | 18.4x |
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| TEV/Sales | NM | Not Meaningful |
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MROE |
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MROE transactions
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| No transactions in the last 6 months. | ||