Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.05 and traded as high as $14.88. Magyar Bancorp shares last traded at $14.75, with a volume of 8,188 shares traded.
Magyar Bancorp Trading Up 0.5%
The business's 50 day moving average is $14.12 and its 200 day moving average is $14.12. The stock has a market capitalization of $98.19 million, a PE ratio of 11.58 and a beta of 0.10.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.43 earnings per share (EPS) for the quarter. Magyar Bancorp had a return on equity of 7.49% and a net margin of 15.25%. The company had revenue of $15.78 million during the quarter.
Magyar Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, May 14th. Magyar Bancorp's payout ratio is 16.67%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in MGYR. Northern Trust Corp lifted its holdings in shares of Magyar Bancorp by 37.2% in the fourth quarter. Northern Trust Corp now owns 27,674 shares of the bank's stock valued at $404,000 after purchasing an additional 7,501 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Magyar Bancorp by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 133,227 shares of the bank's stock worth $1,930,000 after acquiring an additional 974 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Magyar Bancorp by 16.1% during the 4th quarter. Renaissance Technologies LLC now owns 16,586 shares of the bank's stock valued at $242,000 after purchasing an additional 2,300 shares during the last quarter. Finally, PL Capital Advisors LLC grew its stake in Magyar Bancorp by 1,360.0% during the fourth quarter. PL Capital Advisors LLC now owns 3,716,532 shares of the bank's stock worth $54,261,000 after buying an additional 3,461,975 shares in the last quarter. 46.32% of the stock is currently owned by hedge funds and other institutional investors.
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.
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