Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.52 and traded as high as $16.05. Magyar Bancorp shares last traded at $16.05, with a volume of 21,513 shares trading hands.
Magyar Bancorp Stock Performance
The company has a market cap of $105.46 million, a price-to-earnings ratio of 11.32 and a beta of 0.17. The stock's fifty day simple moving average is $14.96 and its two-hundred day simple moving average is $14.56.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The bank reported $0.43 earnings per share for the quarter. The company had revenue of $15.78 million for the quarter. Magyar Bancorp had a net margin of 14.34% and a return on equity of 8.08%.
Magyar Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, May 14th. Magyar Bancorp's dividend payout ratio is presently 16.67%.
Hedge Funds Weigh In On Magyar Bancorp
Hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its stake in shares of Magyar Bancorp by 37.2% in the 4th quarter. Northern Trust Corp now owns 27,674 shares of the bank's stock valued at $404,000 after acquiring an additional 7,501 shares during the period. PL Capital Advisors LLC raised its stake in shares of Magyar Bancorp by 1,360.0% in the 4th quarter. PL Capital Advisors LLC now owns 3,716,532 shares of the bank's stock valued at $54,261,000 after acquiring an additional 3,461,975 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Magyar Bancorp by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 133,227 shares of the bank's stock valued at $1,930,000 after acquiring an additional 974 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Magyar Bancorp by 16.1% in the 4th quarter. Renaissance Technologies LLC now owns 16,586 shares of the bank's stock valued at $242,000 after acquiring an additional 2,300 shares during the period. Hedge funds and other institutional investors own 46.32% of the company's stock.
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 Articles
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
