Trading volume for Melrose Bancorp, Inc. was 4 by the end of trading on Tuesday. Volume was down 99.40% under the stocks average daily volume.
Investors are more bearish lately as evidenced by the rise in short interest. The company experienced a rise in short interest from September 29, 2017 to October 13, 2017 of 96.66%. Short interest increased from 988 to 1,943 over that period. With short interest at 1,943 and short average daily volume at 328, the short-interest ratio is 6.0 and the percentage of shorted shares is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (MELR). Seizert Capital Partners, LLC added to its holdings by buying 1,654 shares an increase of 5.2% in the quarter. Seizert Capital Partners, LLC claims 33,644 shares with a value of $602,000. The value of the position overall is up by 11.7%. Alliancebernstein L.P. divested its ownership by selling 6 shares a decrease of 0.0% as of 06/30/2017. Alliancebernstein L.P. controls 72,244 shares worth $1,293,000. The total value of its holdings increased 6.2%.
As of quarter end Maltese Capital Management LLC had sold a total of 5,900 shares trimming its stake by 3.6%. The value of the total investment in Melrose Bancorp, Inc. went from $2,737,000 to $2,802,000 increasing 2.4% quarter over quarter. As of the end of the quarter Blackrock Inc. had disposed of 273 shares trimming its holdings by 43.5%. The value of the investment in MELR decreased from $11,000 to $6,000 a change of $5,000 quarter to quarter.
The company is unchanged since yesterday’s close of $18.98. The stock last traded at $18.98 which is slightly below $19.07, the 50 day moving average and a bit higher than the 200 day moving average of $17.98. The 50 day moving average moved down $-0.09 whereas the 200 day moving average was up $0.99 or +5.513%.
The P/E ratio is currently 23.571 and the market cap of the company is 44.89M. As of the latest earnings report the EPS was $0.81 and is projected to be $0.76 for the current year with 2,366,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.18 with next year’s EPS projected to be $0.90.
Melrose Bancorp, Inc. (Melrose Bancorp), launched on February 21, 2014, is the bank holding company of Melrose Cooperative Bank (the Bank). The Bank is a Massachusetts-chartered cooperative 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. It offers a range of deposit accounts to consumers and small businesses. The Bank also offers online and mobile banking services..