Compass Point Lowers Melrose Bancorp (MELR) to Neutral
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%.
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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