Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.16 and traded as high as $15.51. Magyar Bancorp shares last traded at $15.48, with a volume of 3,315 shares.
Magyar Bancorp Price Performance
The firm has a market cap of $100.62 million, a PE ratio of 11.87 and a beta of 0.10. The stock's fifty day moving average price is $14.26 and its 200-day moving average price is $14.25.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last released its earnings results on Wednesday, April 30th. The bank reported $0.43 earnings per share (EPS) for the quarter. Magyar Bancorp had a net margin of 15.25% and a return on equity of 7.49%. The business had revenue of $15.78 million during the quarter.
Magyar Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, May 14th. Magyar Bancorp's payout ratio is 16.67%.
Institutional Investors Weigh In On Magyar Bancorp
Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Magyar Bancorp by 16.1% in the fourth 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 period. Northern Trust Corp boosted its stake in Magyar Bancorp by 37.2% during the fourth quarter. Northern Trust Corp now owns 27,674 shares of the bank's stock worth $404,000 after buying an additional 7,501 shares during the period. Dimensional Fund Advisors LP boosted its stake in Magyar Bancorp by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 133,227 shares of the bank's stock worth $1,930,000 after buying an additional 974 shares during the period. Finally, PL Capital Advisors LLC boosted 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 during the period. Hedge funds and other institutional investors own 46.32% of the company's stock.
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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