Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.01 and traded as high as $16.93. Magyar Bancorp shares last traded at $16.74, with a volume of 481 shares traded.
Magyar Bancorp Trading Up 1.4%
The firm has a market cap of $108.55 million, a P/E ratio of 10.68 and a beta of 0.17. The business has a 50-day moving average of $16.39 and a two-hundred day moving average of $15.05.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.40 earnings per share for the quarter. The business had revenue of $8.81 million for the quarter. Magyar Bancorp had a return on equity of 8.72% and a net margin of 15.12%.
Magyar Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a $0.08 dividend. This is a boost from Magyar Bancorp's previous quarterly dividend of $0.06. The ex-dividend date is Thursday, August 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.9%. Magyar Bancorp's dividend payout ratio is presently 20.38%.
Institutional Investors Weigh In On Magyar Bancorp
A number of institutional investors have recently made changes to their positions in MGYR. Renaissance Technologies LLC grew its position 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 buying an additional 2,300 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 during the last quarter. Finally, Northern Trust Corp grew its position 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 during the last quarter. Institutional investors own 46.32% of the company's stock.
Magyar Bancorp Company Profile
(
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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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