Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.44 and traded as high as $16.04. Magyar Bancorp shares last traded at $15.83, with a volume of 8,367 shares trading hands.
Magyar Bancorp Stock Down 0.2%
The stock has a market cap of $102.69 million, a price-to-earnings ratio of 12.11 and a beta of 0.17. The business's fifty day moving average is $14.70 and its two-hundred day moving average is $14.48.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.43 EPS for the quarter. Magyar Bancorp had a net margin of 15.25% and a return on equity of 7.49%. The company had revenue of $15.78 million during the quarter.
Magyar Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.51%. The ex-dividend date was Wednesday, May 14th. Magyar Bancorp's dividend payout ratio (DPR) is presently 16.67%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in Magyar Bancorp by 16.1% during the 4th quarter. Renaissance Technologies LLC now owns 16,586 shares of the bank's stock worth $242,000 after acquiring an additional 2,300 shares in the last quarter. Northern Trust Corp boosted its holdings 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 buying an additional 7,501 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 974 shares in the last quarter. Finally, PL Capital Advisors LLC boosted its holdings 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 buying an additional 3,461,975 shares in the last quarter. Institutional investors and hedge funds 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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