How have MGYR shares performed in 2024?

Magyar Bancorp's stock was trading at $11.23 at the start of the year. Since then, MGYR stock has decreased by 3.2% and is now trading at $10.87. View the best growth stocks for 2024 here .

Are investors shorting Magyar Bancorp?

Magyar Bancorp saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 3,400 shares, a drop of 22.7% from the March 15th total of 4,400 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold. View Magyar Bancorp's Short Interest .

How were Magyar Bancorp's earnings last quarter?

Magyar Bancorp, Inc. (NASDAQ:MGYR) released 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 trailing twelve-month return on equity of 7.27% and a net margin of 17.23%.

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. Investors of record on Thursday, February 8th will be paid a dividend of $0.05 per share on Thursday, February 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.84%. 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 1.83%. 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magyar Bancorp investors own include Dominion Energy (D) , Tapestry (TPR) , Carnival Co. & (CCL) , Cohu (COHU) , Danaher (DHR) , Huron Consulting Group (HURN) , Verizon Communications (VZ) , Walgreens Boots Alliance (WBA) , Canadian Pacific Kansas City (CP) and The Goldman Sachs Group (GS) .

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

NASDAQ:MGYR

Magyar Bancorp (MGYR) Stock Price, News & Analysis

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Free MGYR Stock Alerts

$10.87

-0.03 (-0.28%)

(As of 04/18/2024 ET)

Compare

Today's Range: $10.87
▼
$10.89
50-Day Range: $10.66
▼
$11.70
52-Week Range: $9.00
▼
$12.00

Volume: 327 shs
Average Volume: 5,100 shs
Market Capitalization: $72.29 million

P/E Ratio: 9.21
Dividend Yield: 1.84%
Price Target: N/A

Get Magyar Bancorp alerts:

Magyar Bancorp MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.06% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.24
Based on 2 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.

3.83 out of 5 stars

Finance Sector

370th out of 843 stocks

Federal Savings Institutions Industry

15th out of 29 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Magyar Bancorp.

5.0

Short Interest

Percentage of Shares Shorted
0.06% of the float of Magyar Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Magyar Bancorp has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Magyar Bancorp has recently decreased by 22.73%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Magyar Bancorp pays a meaningful dividend of 1.83%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Magyar Bancorp has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Magyar Bancorp is 16.95%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MGYR.

3.5

News and Social Media Coverage

News Sentiment
Magyar Bancorp has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Magyar Bancorp this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for MGYR on MarketBeat in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magyar Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $7,706.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
10.50% of the stock of Magyar Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
46.32% of the stock of Magyar Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Magyar Bancorp is 9.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magyar Bancorp is 9.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.31.
Price to Book Value per Share Ratio
Magyar Bancorp has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

MGYR Stock News Headlines

April 16, 2024 | finance.yahoo.com

This Magyar Bancorp Insider Increased Their Holding In The Last Year

April 3, 2024 | yahoo.com

Hungarian Foreign Minister reports on meeting with Ukrainian counterpart in Brussels

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 14, 2024 | msn.com

Hungarian government abandons 4% growth target

February 26, 2024 | benzinga.com

Magyar Bancorp Stock (NASDAQ:MGYR) Dividends: History, Yield and Dates

February 15, 2024 | money.usnews.com

Magyar Bancorp Inc.

February 15, 2024 | finance.yahoo.com

Investors in Magyar Bancorp (NASDAQ:MGYR) have seen respectable returns of 40% over the past three years

November 26, 2023 | morningstar.com

Magyar Bancorp Inc MGYR

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

November 22, 2023 | finance.yahoo.com

Here's What We Like About Magyar Bancorp's (NASDAQ:MGYR) Upcoming Dividend

November 8, 2023 | msn.com

Magyar Bancorp (MGYR) Declares $0.04 Dividend

November 8, 2023 | finance.yahoo.com

Magyar Bancorp Independent Director Acquires 8.4% More Stock

November 3, 2023 | finance.yahoo.com

Magyar Bancorp's (NASDAQ:MGYR) Dividend Will Be Increased To $0.04

November 1, 2023 | msn.com

Magyar Bancorp GAAP EPS of $0.34

November 1, 2023 | msn.com

Magyar Bancorp declares $0.04 dividend

October 31, 2023 | finance.yahoo.com

Magyar Bancorp Inc (MGYR) Reports Fiscal Fourth Quarter and Year End Financial Results

October 31, 2023 | finance.yahoo.com

MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES INCREASED QUARTERLY DIVIDEND

October 30, 2023 | msn.com

Magyar Bancorp, Inc. raises quarterly dividend by 33.3% to $0.04/share

October 10, 2023 | msn.com

Hungarian banks introduce voluntary rate caps

October 3, 2023 | msn.com

Hungarian govt wants banks cap loan rates below central bank's benchmark rate

September 28, 2023 | msn.com

Hungarian central bank cuts O/N rate by 100bp

September 12, 2023 | msn.com

Magyar Eximbank secures €300mn loan from ING

September 8, 2023 | finance.yahoo.com

Magyar Bancorp's (NASDAQ:MGYR) investors will be pleased with their notable 56% return over the last three years

July 29, 2023 | finance.yahoo.com

Should You Buy Magyar Bancorp, Inc. (NASDAQ:MGYR) For Its Upcoming Dividend?

July 28, 2023 | benzinga.com

Magyar Bancorp: Dividend Insights

July 25, 2023 | finance.yahoo.com

Magyar Bancorp (NASDAQ:MGYR) Is Due To Pay A Dividend Of $0.03

July 20, 2023 | msn.com

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: 4/18/2024
Next Earnings (Estimated): 4/18/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Federal savings institutions
Sub-Industry: N/A
Current Symbol: NASDAQ:MGYR
CUSIP: N/A
CIK: 1337068
Web: www.magbank.com
Phone: (732) 342-7600
Fax: N/A
Employees: 89
Year Founded: 1922

Profitability

EPS (Most Recent Fiscal Year): $1.18
Trailing P/E Ratio: 9.21
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $7.71 million
Net Margins: 17.23%
Pretax Margin: 23.97%
Return on Equity: 7.27%
Return on Assets: 0.86%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.96
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: $40.75 million
Price / Sales: 1.77
Cash Flow: $1.30 per share
Price / Cash Flow: 8.36
Book Value: $15.73 per share
Price / Book: 0.69

Miscellaneous

Outstanding Shares: 6,650,000
Free Float: 5,955,000
Market Cap: $72.29 million
Optionable: Not Optionable
Beta: 0.32

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Key Executives

Mr. John S. Fitzgerald (Age 60)
President, CEO & Director
Comp: $1.17M
Mr. Jon R. Ansari M.B.A. (Age 50)
Executive VP, CFO & Director
Comp: $746.37k
Mr. Peter McIntyre Brown (Age 59)
Senior VP & Chief Lending Officer
Comp: $325.51k
Mr. John Reissner
Corporate Secretary, First VP & Investor Relations Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MGYR Stock Analysis - Frequently Asked Questions

How have MGYR shares performed in 2024?: Magyar Bancorp's stock was trading at $11.23 at the start of the year. Since then, MGYR stock has decreased by 3.2% and is now trading at $10.87.
View the best growth stocks for 2024 here.
Are investors shorting Magyar Bancorp?: Magyar Bancorp saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 3,400 shares, a drop of 22.7% from the March 15th total of 4,400 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.
View Magyar Bancorp's Short Interest.
How were Magyar Bancorp's earnings last quarter?: Magyar Bancorp, Inc. (NASDAQ:MGYR) released 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 trailing twelve-month return on equity of 7.27% and a net margin of 17.23%.
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. Investors of record on Thursday, February 8th will be paid a dividend of $0.05 per share on Thursday, February 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.84%. 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 1.83%. 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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Magyar Bancorp investors own include Dominion Energy (D), Tapestry (TPR), Carnival Co. & (CCL), Cohu (COHU), Danaher (DHR), Huron Consulting Group (HURN), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), Canadian Pacific Kansas City (CP) and The Goldman Sachs Group (GS).
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 4/19/2024 by MarketBeat.com Staff

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