Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Investors of record on Thursday, August 7th will be paid a dividend of 0.08 per share by the bank on Thursday, August 21st. This represents a $0.32 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, August 7th. This is a 33.3% increase from Magyar Bancorp's previous quarterly dividend of $0.06.
Magyar Bancorp Stock Performance
NASDAQ:MGYR traded up $0.31 during mid-day trading on Monday, reaching $16.87. The stock had a trading volume of 945 shares, compared to its average volume of 8,929. Magyar Bancorp has a twelve month low of $11.96 and a twelve month high of $19.04. The firm has a market capitalization of $109.12 million, a price-to-earnings ratio of 10.74 and a beta of 0.17. The business has a 50 day simple moving average of $16.28 and a 200 day simple moving average of $14.99.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $0.40 earnings per share (EPS) for the quarter. Magyar Bancorp had a net margin of 15.12% and a return on equity of 8.72%. The company had revenue of $8.81 million during the quarter.
About Magyar Bancorp
(
Get Free Report)
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.
Featured Stories
Before you consider Magyar Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Magyar Bancorp wasn't on the list.
While Magyar Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access