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T   17.61 (+0.34%)
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GE   175.26 (-2.70%)
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AMC   3.70 (-14.75%)
PFE   27.88 (+0.36%)
PYPL   67.20 (+0.95%)
XOM   115.76 (+0.69%)
NASDAQ:MGYR

Magyar Bancorp (MGYR) Stock Price, News & Analysis

$11.12
-0.14 (-1.24%)
(As of 03/27/2024 ET)
Today's Range
$10.88
$11.14
50-Day Range
$10.66
$11.70
52-Week Range
$9.00
$12.00
Volume
1,033 shs
Average Volume
7,441 shs
Market Capitalization
$73.98 million
P/E Ratio
9.43
Dividend Yield
1.80%
Price Target
N/A

Magyar Bancorp MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.08% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.30mentions of Magyar Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$7,706 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.56 out of 5 stars

Finance Sector

690th out of 858 stocks

Federal Savings Institutions Industry

26th out of 35 stocks

MGYR stock logo

About Magyar Bancorp Stock (NASDAQ:MGYR)

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

MGYR Stock Price History

MGYR Stock News Headlines

The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
Magyar Bancorp Inc.
Magyar Bancorp Inc MGYR
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
Magyar Bancorp GAAP EPS of $0.34
Magyar Bancorp declares $0.04 dividend
Hungarian central bank cuts O/N rate by 100bp
Magyar Bancorp: Dividend Insights
Magyar Bancorp GAAP EPS of $0.30
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/22 Dividend
2/07/2024
Dividend Payable
2/22/2024
Today
3/28/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:MGYR
Fax
N/A
Employees
89
Year Founded
1922

Profitability

Net Income
$7.71 million
Pretax Margin
23.97%

Debt

Sales & Book Value

Annual Sales
$40.75 million
Cash Flow
$1.29 per share
Book Value
$15.73 per share

Miscellaneous

Free Float
5,955,000
Market Cap
$73.98 million
Optionable
Not Optionable
Beta
0.32

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MGYR Stock Analysis - Frequently Asked Questions

How have MGYR shares performed in 2024?

Magyar Bancorp's stock was trading at $11.23 at the beginning of 2024. Since then, MGYR shares have decreased by 0.9% and is now trading at $11.1250.
View the best growth stocks for 2024 here
.

Are investors shorting Magyar Bancorp?

Magyar Bancorp saw a increase in short interest in March. As of March 15th, there was short interest totaling 4,400 shares, an increase of 22.2% from the February 29th total of 3,600 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the shares of the company are sold short.
View Magyar Bancorp's Short Interest
.

When is Magyar Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our MGYR earnings forecast
.

How were Magyar Bancorp's earnings last quarter?

Magyar Bancorp, Inc. (NASDAQ:MGYR) posted its earnings results on Thursday, January, 25th. The bank reported $0.26 EPS for the quarter. The bank earned $7.85 million during the quarter. Magyar Bancorp had a net margin of 17.23% and a trailing twelve-month return on equity of 7.27%.

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

Magyar Bancorp declared a quarterly dividend on Thursday, January 25th. Stockholders of record on Thursday, February 8th will be given a dividend of $0.05 per share on Thursday, February 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, February 7th.
Read our dividend analysis for MGYR
.

Is Magyar Bancorp a good dividend stock?

Magyar Bancorp (NASDAQ:MGYR) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.78%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.95%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MGYR.

What other stocks do shareholders of Magyar Bancorp own?
Who are Magyar Bancorp's major shareholders?

Magyar Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors include PL Capital Advisors LLC (3.82%), BHZ Capital Management LP (0.43%) and Northern Trust Corp (0.33%). Insiders that own company stock include Michael F Lombardi and Peter Mcintyre Brown.
View institutional ownership trends
.

How do I buy shares of Magyar Bancorp?

Shares of MGYR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Magyar Bancorp have any subsidiaries?
The following companies are subsidiares of Magyar Bancorp: Magbank Investment Company, and Magyar Service Corp..
Read More
This page (NASDAQ:MGYR) was last updated on 3/28/2024 by MarketBeat.com Staff

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