Magyar Bancorp, Inc. (NASDAQ:MGYR) Announces $0.03 Quarterly Dividend

Magyar Bancorp, Inc. (NASDAQ:MGYRGet Rating) announced a quarterly dividend on Thursday, April 21st, Zacks reports. Investors of record on Thursday, May 5th will be given a dividend of 0.03 per share by the bank on Thursday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, May 4th.

Shares of NASDAQ:MGYR opened at $11.95 on Friday. The company’s fifty day moving average price is $12.08 and its 200-day moving average price is $12.01. The firm has a market capitalization of $84.82 million, a price-to-earnings ratio of 11.60 and a beta of 0.24. Magyar Bancorp has a one year low of $10.15 and a one year high of $14.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00.

Magyar Bancorp (NASDAQ:MGYRGet Rating) last issued its quarterly earnings results on Tuesday, January 25th. The bank reported $0.25 EPS for the quarter. The firm had revenue of $7.09 million for the quarter. Magyar Bancorp had a net margin of 20.65% and a return on equity of 8.18%.

Several hedge funds have recently added to or reduced their stakes in MGYR. State Street Corp bought a new position in shares of Magyar Bancorp during the 4th quarter valued at $477,000. Renaissance Technologies LLC bought a new position in shares of Magyar Bancorp during the 3rd quarter valued at $226,000. Finally, Morgan Stanley grew its holdings in shares of Magyar Bancorp by 342.6% during the 3rd quarter. Morgan Stanley now owns 2,213 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,713 shares during the last quarter. 32.15% of the stock is currently owned by institutional investors.

Magyar Bancorp Company Profile (Get Rating)

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.

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