Magyar Bancorp, Inc. (NASDAQ:MGYR) to Issue $0.10 Quarterly Dividend

Key Points

• Magyar Bancorp declared a quarterly dividend of $0.10 per share, with an ex-dividend and record date of May 7 and a payable date of May 21, reflecting a 2.3% yield.
• The bank reported quarterly earnings of $0.48 per share on $10.09 million in revenue, with a net margin of 16.25% and a return on equity of 9.18%.
• Shares opened at $17.70 (52-week range $13.77–$20.00), giving a market cap of $114.66 million and a P/E ratio of 10.23.

Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Thursday, May 7th will be given a dividend of 0.10 per share by the bank on Thursday, May 21st. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, May 7th.

Magyar Bancorp Stock Performance

Magyar Bancorp stock opened at $17.70 on Friday. Magyar Bancorp has a fifty-two week low of $13.77 and a fifty-two week high of $20.00. The stock has a market cap of $114.66 million, a PE ratio of 10.23 and a beta of 0.23. The firm's 50-day simple moving average is $17.59 and its 200 day simple moving average is $17.39.

Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $0.48 earnings per share for the quarter. Magyar Bancorp had a net margin of 16.25% and a return on equity of 9.18%. The business had revenue of $10.09 million for the quarter.

Magyar Bancorp Company Profile

Magyar Bancorp, Inc is a bank holding company headquartered in Palos Hills, Illinois, that provides a range of commercial banking services through its subsidiary, Magyar Bank. Established to serve the financial needs of individuals and businesses in the Chicago suburbs, the company offers traditional banking products alongside specialized lending solutions. Magyar Bancorp's operations focus on relationship banking, emphasizing personalized service and community engagement.

The company's product suite includes deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.

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