Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.
Magyar Bancorp Stock Up 2.0%
The business has a 50-day moving average price of $14.09 and a 200-day moving average price of $14.05. The firm has a market capitalization of $95.58 million, a PE ratio of 11.26 and a beta of 0.10.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.43 earnings per share (EPS) for the quarter. The business had revenue of $15.78 million during the quarter. Magyar Bancorp had a return on equity of 7.49% and a net margin of 15.25%.
Magyar Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.24 annualized dividend and a yield of 1.63%. Magyar Bancorp's payout ratio is 16.67%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in MGYR. Renaissance Technologies LLC grew its position in Magyar Bancorp by 16.1% in the fourth quarter. Renaissance Technologies LLC now owns 16,586 shares of the bank's stock worth $242,000 after acquiring an additional 2,300 shares during the period. Northern Trust Corp grew its position in Magyar Bancorp by 37.2% in the fourth quarter. Northern Trust Corp now owns 27,674 shares of the bank's stock worth $404,000 after acquiring an additional 7,501 shares during the period. Dimensional Fund Advisors LP grew its position in Magyar Bancorp by 0.7% in the fourth 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 during the period. Finally, PL Capital Advisors LLC grew its position in Magyar Bancorp by 1,360.0% in the fourth quarter. PL Capital Advisors LLC now owns 3,716,532 shares of the bank's stock worth $54,261,000 after acquiring an additional 3,461,975 shares during the period. 46.32% of the stock is currently owned by hedge funds and other institutional investors.
Magyar Bancorp Company Profile
(
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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