Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.65 and traded as high as $17.12. Magyar Bancorp shares last traded at $17.01, with a volume of 929 shares.
Magyar Bancorp Trading Up 1.6%
The company has a 50 day moving average price of $17.08 and a 200 day moving average price of $15.71. The company has a market capitalization of $112.49 million, a P/E ratio of 11.11 and a beta of 0.23.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The bank reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $8.81 million during the quarter. Magyar Bancorp had a return on equity of 8.64% and a net margin of 15.12%.
Magyar Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.08 dividend. This is a boost from Magyar Bancorp's previous quarterly dividend of $0.06. The ex-dividend date was Thursday, August 7th. This represents a $0.32 annualized dividend and a yield of 1.8%. Magyar Bancorp's dividend payout ratio is presently 20.38%.
Institutional Trading of Magyar Bancorp
A number of institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its holdings in shares of Magyar Bancorp by 37.2% during the 4th quarter. Northern Trust Corp now owns 27,674 shares of the bank's stock worth $404,000 after buying an additional 7,501 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Magyar Bancorp by 6.9% during the 2nd quarter. Geode Capital Management LLC now owns 62,433 shares of the bank's stock worth $1,051,000 after buying an additional 4,027 shares in the last quarter. Finally, Truffle Hound Capital LLC acquired a new position in shares of Magyar Bancorp during the 2nd quarter worth $1,554,000. 46.32% of the stock is currently owned by institutional investors.
About Magyar Bancorp
(
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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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