About Melrose Bancorp (NASDAQ:MELR)
Melrose Bancorp, Inc. is the bank holding company of Melrose Cooperative Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking office in Melrose, Massachusetts. The Bank's primary business activity consists of taking deposits from the general public in its market area and investing those deposits, together with funds generated from operations. The Bank also offers online and mobile banking services. The Bank's principal lending activity is originating one- to four-family residential real estate loans, and home equity loans and lines of credit. Its investment portfolio consists primarily of corporate debt securities, the United States Government and federal agency obligations, preferred stock, mortgage-backed securities, municipal obligations and marketable equity securities. The Bank's primary source of funds for use in lending and investment activities is deposits.
Industry, Sector and Symbol
Industry Commercial Banks
Trailing P/E Ratio23.31
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$8.64 million
Price / Sales5.61
Cash Flow$0.59 per share
Price / Cash31.47
Book Value$17.23 per share
Price / Book1.08
Net Income$1.42 million
Return on Equity4.87%
Return on Assets0.75%
Frequently Asked Questions for Melrose Bancorp (NASDAQ:MELR)
What is Melrose Bancorp's stock symbol?
Melrose Bancorp trades on the NASDAQ under the ticker symbol "MELR."
How will Melrose Bancorp's stock buyback program work?
Melrose Bancorp announced that its Board of Directors has approved a stock repurchase program on Friday, September 15th 2017, which authorizes the company to buyback 130,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally 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 quarterly earnings data 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 20.36% and a return on equity of 4.87%. View Melrose Bancorp's Earnings History.
Who are some of Melrose Bancorp's key competitors?
Some companies that are related to Melrose Bancorp include American River Bankshares (AMRB), HopFed Bancorp (HFBC), Patriot National Bancorp (PNBK), Anchor Bancorp (ANCB), First Trust California Municipal High income ETF (FCAL), 1st Century Bancshares (FCTY), BNC Bancorp (BNCN), CapitalSource (CSE), Fox Chase Bancorp (FXCB), Heritage Oaks Bancorp (HEOP), Hudson City Bancorp (HCBK), Metro Bancorp (METR), Mountain Comm Banc (MCBI), National Penn Bancshares (NPBC), Nysemkt (VSB), Stellarone Corp (STEL), Taylor Capital Group (TAYC) and Virginia Commerce Bancorp (VCBI).
Who are Melrose Bancorp's key executives?
Melrose Bancorp's management team includes the folowing people:
- Frank Giso III, Independent Chairman of the Board of company and Bank (Age 66)
- Jeffrey D. Jones, President, Chief Executive Officer, Director of company and Bank (Age 52)
- Diane Indorato, Chief Financial Officer, Senior Vice President of company and Bank (Age 59)
- James E. Oosterman, Vice President - Lending of company and Bank (Age 54)
- Candy Brower, Independent Director of company and Bank (Age 65)
- William C. Huntress III, Independent Director of company and Bank (Age 59)
- Elizabeth W. McNelis, Independent Director of company and Bank (Age 55)
- F Peter Waystack, Independent Director od company and Bank (Age 69)
- Alan F. Whitney, Independent Director company and Bank (Age 59)
Who owns Melrose Bancorp stock?
Who sold Melrose Bancorp stock? Who is selling Melrose Bancorp stock?
How do I buy Melrose Bancorp stock?
Shares of Melrose Bancorp 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 Melrose Bancorp stock can currently be purchased for approximately $18.65.
How big of a company is Melrose Bancorp?
Melrose Bancorp has a market capitalization of $48.50 million and generates $8.64 million in revenue each year. The financial services provider earns $1.42 million in net income (profit) each year or $0.80 on an earnings per share basis. Melrose Bancorp employs 27 workers across the globe.
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 (MELR)MarketBeat's community ratings are surveys of what our community members think about Melrose Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Melrose Bancorp (NASDAQ:MELR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Analysts' Consensus Price Target: ||N/A|
Consensus Price Target History for Melrose Bancorp (NASDAQ:MELR)
Analysts' Ratings History for Melrose Bancorp (NASDAQ:MELR)
(Data available from 11/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|3/30/2017||Compass Point||Upgrade||Neutral -> Buy||High|
Earnings History and Estimates Chart for Melrose Bancorp (NASDAQ:MELR)
Earnings History by Quarter for Melrose Bancorp (NASDAQ MELR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/21/2017||Q4 2016||$0.24||$2.10 million||View||N/A|
|11/10/2016||Q3 2016||$0.16||$1.82 million||View||N/A|
Earnings Estimates for Melrose Bancorp (NASDAQ:MELR)
No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for Melrose Bancorp (NASDAQ:MELR)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Melrose Bancorp (NASDAQ MELR)
No insider trades for this company have been tracked by MarketBeat.com
Latest Headlines for Melrose Bancorp (NASDAQ MELR)
|At the open: TSX rises broadly led by energy stocks|
www.theglobeandmail.com - November 22 at 3:45 AM
|Melrose Bancorp, Inc. :MELR-US: Earnings Analysis: Q3, 2017 By the Numbers : November 20, 2017|
finance.yahoo.com - November 21 at 5:43 AM
|Melrose Bancorp, Inc. :MELR-US: Earnings Analysis: Q2, 2017 By the Numbers : September 25, 2017|
finance.yahoo.com - October 2 at 11:57 AM
|BRIEF-Melrose Bancorp says co is authorized to repurchase an additional 130,037 shares|
www.reuters.com - September 16 at 7:58 PM
|Melrose Bancorp (MELR) to Repurchase 130,000 Shares|
www.americanbankingnews.com - September 15 at 11:18 AM
|MELROSE BANCORP, INC. Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 21 at 6:27 PM
|European Stocks' Rally Stalls as Probability of US Rate Hike Seen to be Rising|
www.nasdaq.com - March 2 at 6:44 PM
|Financial calendar for the year 2017|
us.rd.yahoo.com - December 23 at 4:51 AM
|Corporate governance policy of the company Mercator, d.d., and the Mercator Group|
us.rd.yahoo.com - December 23 at 4:51 AM
|DIVESTMENT PROCESS FOR THE COMPANY INTERSPORT ISI, d.o.o., COMPLETED|
us.rd.yahoo.com - December 23 at 4:51 AM
|Chicago buyer aims to revamp historic Belle Meade theater|
www.bizjournals.com - November 30 at 6:41 PM
|The Melrose developers prep project's second phase|
www.bizjournals.com - July 22 at 6:01 PM
Financials are not available for this stock.
Melrose Bancorp (NASDAQ MELR) Chart for Friday, November, 24, 2017