Private Advisor Group LLC Invests $136,000 in Magyar Bancorp, Inc. (NASDAQ:MGYR)

Private Advisor Group LLC purchased a new stake in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,064 shares of the bank’s stock, valued at approximately $136,000. Private Advisor Group LLC owned about 0.17% of Magyar Bancorp at the end of the most recent quarter.

Magyar Bancorp Trading Up 0.2 %

Shares of Magyar Bancorp stock opened at $12.45 on Friday. The stock has a 50 day moving average of $12.32 and a 200 day moving average of $11.80. Magyar Bancorp, Inc. has a 12 month low of $9.16 and a 12 month high of $12.75. The firm has a market cap of $80.80 million, a PE ratio of 10.04 and a beta of 0.27.

Magyar Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, November 14th. Magyar Bancorp’s payout ratio is 16.13%.

About Magyar Bancorp

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.