Ownership Action to Note: Melrose Bancorp’s (NASDAQ:MELR) Sentiment is 1

November 22, 2016 - By Marie Mckinney   ·   0 Comments

Ownership Action to Note: Melrose Bancorp's (NASDAQ:MELR) Sentiment is 1

Sentiment for Melrose Bancorp (NASDAQ:MELR)

Melrose Bancorp (NASDAQ:MELR) institutional sentiment decreased to 1 in Q2 2016. Its down -0.40, from 1.4 in 2016Q1. The ratio has worsened, as 7 investment managers increased and started new equity positions, while 5 cut down and sold their stakes in Melrose Bancorp. The investment managers in our partner’s database now possess: 545,745 shares, down from 636,015 shares in 2016Q1. Also, the number of investment managers holding Melrose Bancorp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 5 Increased: 3 New Position: 4.

Melrose Bancorp, Inc. is the bank holding firm of Melrose Cooperative Bank . The company has a market cap of $42.54 million. The Bank provides financial services to individuals, families and businesses through its banking office in Melrose, Massachusetts. It has a 50.88 P/E ratio. 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 stock decreased 2.14% or $0.35 on November 21, hitting $16. Melrose Bancorp Inc (NASDAQ:MELR) has risen 7.76% since April 20, 2016 and is uptrending. It has outperformed by 3.20% the S&P500.

According to Zacks Investment Research, “Melrose Bancorp, Inc. is a bank holding company for Melrose Cooperative Bank. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one- to four-family residential real estate loans and home equity loans and lines of credit, and to a much lesser extent, commercial real estate, construction and consumer loans. It offers a variety of deposit accounts, including certificate of deposit accounts, IRAs, money market accounts, savings accounts, demand deposit accounts and NOW accounts. Melrose Bancorp, Inc.is based in Massachusetts.”

Seidman Lawrence B holds 1.06% of its portfolio in Melrose Bancorp Inc for 99,542 shares. Maltese Capital Management Llc owns 193,515 shares or 0.37% of their US portfolio. Moreover, Clark Estates Inc Ny has 0.03% invested in the company for 11,323 shares. The Michigan-based Seizert Capital Partners Llc has invested 0.01% in the stock. Alliancebernstein L.P., a New York-based fund reported 79,495 shares.#img1#

MELR Company Profile

Melrose Bancorp, Inc. (Melrose Bancorp), incorporated on February 21, 2014, is the bank holding firm 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 clients and small businesses. The Bank also offers online and mobile banking services.

Another recent and important Melrose Bancorp Inc (NASDAQ:MELR) news was published by Streetinsider.com which published an article titled: “Mutual-to-Stock IPO for Melrose Bancorp Opens Up 30%” on October 22, 2014.

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By Marie Mckinney


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