Compass Point cut shares of Melrose Bancorp (NASDAQ:MELR) from a buy rating to a neutral rating in a report published on Tuesday morning, The Fly reports.

Melrose Bancorp stock traded up $0.50 during trading hours on Tuesday, reaching $18.32. The company had a trading volume of 141 shares, compared to its average volume of 1,711. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $46.02 million, a P/E ratio of 25.46 and a beta of 0.31. Melrose Bancorp has a 12-month low of $16.99 and a 12-month high of $20.50.

Melrose Bancorp (NASDAQ:MELR) last issued its quarterly earnings data on Friday, November 9th. The financial services provider reported $0.18 earnings per share for the quarter. The firm had revenue of $2.01 million for the quarter. Melrose Bancorp had a return on equity of 3.81% and a net margin of 13.80%.

About Melrose Bancorp

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.

Featured Story: Reverse Stock Split

The Fly

Receive News & Ratings for Melrose Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.