Magyar Bancorp (NASDAQ:MGYR) Stock Passes Above 200-Day Moving Average of $10.82

Magyar Bancorp, Inc. (NASDAQ:MGYR) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.82 and traded as high as $11.20. Magyar Bancorp shares last traded at $11.05, with a volume of 3,415 shares.

Magyar Bancorp Stock Up 1.0 %

The company’s fifty day simple moving average is $11.14 and its 200 day simple moving average is $10.82. The firm has a market capitalization of $73.48 million, a PE ratio of 9.21 and a beta of 0.29.

Magyar Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Monday, May 6th. Magyar Bancorp’s payout ratio is presently 16.67%.

Institutional Investors Weigh In On Magyar Bancorp

A hedge fund recently bought a new stake in Magyar Bancorp stock. BHZ Capital Management LP bought a new stake in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,366 shares of the bank’s stock, valued at approximately $318,000. BHZ Capital Management LP owned approximately 0.43% of Magyar Bancorp at the end of the most recent quarter. Institutional investors own 46.32% of the company’s stock.

Magyar Bancorp Company Profile

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.