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

Melrose Bancorp Inc (NASDAQ:MELR) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given Melrose Bancorp an industry rank of 166 out of 256 based on the ratings given to its competitors.

Shares of MELR traded down $0.06 during midday trading on Tuesday, hitting $17.71. The company had a trading volume of 9,751 shares, compared to its average volume of 2,705. The company has a 50-day moving average price of $18.42. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $41.09 million, a price-to-earnings ratio of 26.13 and a beta of 0.20. Melrose Bancorp has a 1 year low of $16.99 and a 1 year high of $20.15.

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

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.

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