Melrose Bancorp, Inc: Melrose Bancorp, Inc Bought Stake

February 13, 2018 - By Marie Mckinney

 Melrose Bancorp, Inc: Melrose Bancorp, Inc Bought Stake

Investors sentiment increased to 2.5 in 2017 Q3. Its up 2.10, from 0.4 in 2017Q2. It is positive, as 0 investors sold Melrose Bancorp, Inc. shares while 2 reduced holdings. 3 funds opened positions while 2 raised stakes. 516,740 shares or 1.82% less from 526,293 shares in 2017Q2 were reported.

Morgan Stanley has invested 0% in Melrose Bancorp, Inc. (NASDAQ:MELR). Royal Retail Bank Of Canada reported 1 shares stake. Blackrock owns 983 shares or 0% of their US portfolio. Seizert Cap Limited Liability Corp owns 35,208 shares for 0.03% of their portfolio. New Jersey-based Seidman Lawrence B has invested 1.54% in Melrose Bancorp, Inc. (NASDAQ:MELR). Alliancebernstein Lp owns 70,742 shares or 0% of their US portfolio. Moreover, Maltese Management Ltd Liability Co has 0.22% invested in Melrose Bancorp, Inc. (NASDAQ:MELR). Wellington Mngmt Grp Incorporated Llp has 0% invested in Melrose Bancorp, Inc. (NASDAQ:MELR). Creative Planning has 0% invested in Melrose Bancorp, Inc. (NASDAQ:MELR). Mendon Cap Advisors, a New York-based fund reported 12,000 shares.

The New Melrose Bancorp, Inc Holding in Melrose Bancorp, Inc

Melrose Bancorp, Inc reported SC 13G/A form with the SEC for Melrose Bancorp, Inc. Access it here: 000094337418000075. As reported by Melrose Bancorp, Inc, the filler owns 8.7% or 226,366 shares of the -company.

Melrose Bancorp, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Melrose Bancorp, Inc’s positive view for Melrose Bancorp, Inc.

Melrose Bancorp, Inc Institutional Sentiment

Filings show 7 investors own Melrose Bancorp, Inc. The ownership in Q3 2015 is very low, at Infinity of the outstanding shares. This is increased by 33108. 598582 were owned by these investors. 0 funds opened new Melrose Bancorp, Inc stakes, 2 increased positions. There were 0 that closed positions and 2 reduced them.

Tower Research Capital Llc Trc is an investor bullish on Melrose Bancorp, Inc, owning 652 shares as of Q3 2015 for less than 0.01% of its portfolio. Alliancebernstein Lp owns 95651 shares or less than 0.01% of its portfolio. NY Maltese Capital Management Llc have 0.30% of its portfolio for 185700 shares. Further, Wellington Management Group Llp reported stake worth less than 0.01% of its portfolio. The NJ Seidman Lawrence B owns 95100 shares. Melrose Bancorp, Inc is 0.92% of its portfolio.

Business Profile

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.

SEC Form 13G.

The stock increased 0.63% or $0.12 during the last trading session, reaching $20. About 1,122 shares traded. Melrose Bancorp, Inc. (NASDAQ:MELR) has risen 18.83% since February 13, 2017 and is uptrending. It has outperformed by 2.13% the S&P500.

Melrose Bancorp, Inc. operates as the bank holding firm for Melrose Cooperative Bank that provides various banking services and products. The company has market cap of $52.02 million. The firm accepts a range of deposit accounts, such as savings, money market, demand, and NOW accounts, as well as certificates of deposit. It has a 22 P/E ratio. The Company’s 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.

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