NASDAQ:MELR - Melrose Bancorp Stock Price, News, & Analysis

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$18.85 -0.18 (-0.95 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$19.03
Today's Range$18.85 - $18.85
52-Week Range$16.99 - $20.50
Volume356 shs
Average Volume263 shs
Market Capitalization$45.99 million
P/E Ratio27.19
Dividend Yield1.79%
Beta0.35
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. Its loan products include one- to four-family residential real estate loans, home equity loans and lines of credit, commercial real estate loans, construction loans, and consumer loans. The company also provides online and mobile banking services; and buys, sells, and holds investment securities. It serves individuals, families, and businesses through a full-service banking office in Melrose, Massachusetts. Melrose Bancorp, Inc. was founded in 1890 and is based in Melrose, Massachusetts.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MELR
CUSIPN/A
Phone781-665-2500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.56 million
Cash Flow$0.8038 per share
Book Value$17.51 per share

Profitability

Net Income$1.77 million

Miscellaneous

EmployeesN/A
Market Cap$45.99 million
Next Earnings Date3/29/2019 (Estimated)
OptionableNot Optionable

Melrose Bancorp (NASDAQ:MELR) Frequently Asked Questions

What is Melrose Bancorp's stock symbol?

Melrose Bancorp trades on the NASDAQ under the ticker symbol "MELR."

How often does Melrose Bancorp pay dividends? What is the dividend yield for Melrose Bancorp?

Melrose Bancorp announced an annual dividend on Friday, January 11th. Investors of record on Tuesday, January 29th will be paid a dividend of $0.34 per share on Thursday, February 14th. This represents a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, January 28th. View Melrose Bancorp's Dividend History.

How will Melrose Bancorp's stock buyback program work?

Melrose Bancorp declared that its Board of Directors has approved a stock repurchase plan on Friday, September 15th 2017, which allows the company to buyback 130,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

How were Melrose Bancorp's earnings last quarter?

Melrose Bancorp Inc (NASDAQ:MELR) issued its earnings results on Tuesday, March, 21st. The financial services provider reported $0.24 earnings per share for the quarter. The financial services provider had revenue of $2.10 million for the quarter. Melrose Bancorp had a net margin of 15.40% and a return on equity of 3.97%. View Melrose Bancorp's Earnings History.

When is Melrose Bancorp's next earnings date?

Melrose Bancorp is scheduled to release their next quarterly earnings announcement on Friday, March 29th 2019. View Earnings Estimates for Melrose Bancorp.

What is the consensus analysts' recommendation for Melrose Bancorp?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melrose Bancorp in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Melrose Bancorp.

Has Melrose Bancorp been receiving favorable news coverage?

Press coverage about MELR stock has trended somewhat negative this week, InfoTrie reports. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Melrose Bancorp earned a news impact score of -1.4 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.

Who are some of Melrose Bancorp's key competitors?

What other stocks do shareholders of Melrose Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Melrose Bancorp investors own include Kearny Financial (KRNY), Blue Hills Bancorp (BHBK), Beneficial Bancorp (BNCL) and Entegra Financial (ENFC).

Who are Melrose Bancorp's key executives?

Melrose Bancorp's management team includes the folowing people:
  • Mr. Jeffrey D. Jones, Pres, CEO & Director (Age 57)
  • Ms. Diane Indorato, Sr. VP & CFO (Age 63)
  • Mr. James E. Oosterman, Sr. VP of Lending & Marketing (Age 58)
  • Susan M. Doherty Fernandes, Corp. Sec.

Who are Melrose Bancorp's major shareholders?

Melrose Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Seizert Capital Partners LLC (1.22%) and Mendon Capital Advisors Corp (0.39%). Company insiders that own Melrose Bancorp stock include Elizabeth W Mcnelis and Frank Giso III. View Institutional Ownership Trends for Melrose Bancorp.

Which major investors are selling Melrose Bancorp stock?

MELR stock was sold by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp. View Insider Buying and Selling for Melrose Bancorp.

Which major investors are buying Melrose Bancorp stock?

MELR stock was acquired by a variety of institutional investors in the last quarter, including Seizert Capital Partners LLC. View Insider Buying and Selling for Melrose Bancorp.

How do I buy shares of Melrose Bancorp?

Shares of MELR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Melrose Bancorp's stock price today?

One share of MELR stock can currently be purchased for approximately $18.85.

How big of a company is Melrose Bancorp?

Melrose Bancorp has a market capitalization of $45.99 million and generates $11.56 million in revenue each year.

What is Melrose Bancorp's official website?

The official website for Melrose Bancorp is http://www.melrosecoop.com.

How can I contact Melrose Bancorp?

Melrose Bancorp's mailing address is 638 MAIN STREET, MELROSE MA, 02176. The financial services provider can be reached via phone at 781-665-2500 or via email at [email protected]


MarketBeat Community Rating for Melrose Bancorp (NASDAQ MELR)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  93 (Vote Outperform)
Underperform Votes:  59 (Vote Underperform)
Total Votes:  152
MarketBeat's community ratings are surveys of what our community members think about Melrose Bancorp and other stocks. Vote "Outperform" if you believe MELR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MELR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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