Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.70 and traded as high as $17.09. Magyar Bancorp shares last traded at $16.71, with a volume of 3,351 shares trading hands.
Magyar Bancorp Stock Performance
The stock has a 50 day moving average of $15.49 and a 200 day moving average of $14.70. The stock has a market capitalization of $108.08 million, a P/E ratio of 11.60 and a beta of 0.17.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The bank reported $0.43 earnings per share for the quarter. Magyar Bancorp had a return on equity of 8.08% and a net margin of 14.34%. The firm had revenue of $15.78 million for the quarter.
Magyar Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.44%. Magyar Bancorp's dividend payout ratio is currently 16.67%.
Institutional Trading of Magyar Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp boosted its position in 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 acquiring an additional 7,501 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of 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 purchasing an additional 974 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Magyar Bancorp by 16.1% during the fourth quarter. Renaissance Technologies LLC now owns 16,586 shares of the bank's stock worth $242,000 after purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds 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.
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