Melrose Bancorp Inc (NASDAQ:MELR) Receives Average Recommendation of “Hold” from Analysts

Shares of Melrose Bancorp Inc (NASDAQ:MELR) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Zacks has also given Melrose Bancorp an industry rank of 94 out of 256 based on the ratings given to related companies.

Shares of NASDAQ MELR remained flat at $$18.00 during mid-day trading on Friday. The company had a trading volume of 300 shares, compared to its average volume of 3,503. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a fifty day moving average price of $18.18. Melrose Bancorp has a 52-week low of $16.99 and a 52-week high of $20.15. The firm has a market cap of $41.83 million, a P/E ratio of 26.13 and a beta of 0.20.

Melrose Bancorp (NASDAQ:MELR) last issued its quarterly earnings results on Friday, May 10th. The financial services provider reported $0.14 earnings per share for the quarter. Melrose Bancorp had a return on equity of 3.63% and a net margin of 13.44%. The firm had revenue of $1.98 million during the quarter.

Melrose Bancorp Company Profile

Melrose Bancorp, Inc operates as the bank holding company for Melrose Cooperative Bank that provides various banking products and services. The company accepts various deposits, such as noninterest-bearing demand accounts, money market accounts, savings accounts, NOW accounts, and certificates of deposit.

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