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 $14.88 and traded as high as $16.72. Magyar Bancorp shares last traded at $16.69, with a volume of 8,426 shares trading hands.
Magyar Bancorp Trading Up 1.2%
The company's 50-day moving average is $16.21 and its two-hundred day moving average is $14.94. The firm has a market cap of $108.47 million, a P/E ratio of 11.64 and a beta of 0.17.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.40 earnings per share (EPS) for the quarter. Magyar Bancorp had a net margin of 14.34% and a return on equity of 8.08%. The firm had revenue of $8.81 million for the quarter.
Magyar Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.91%. This is a boost from Magyar Bancorp's previous quarterly dividend of $0.06. Magyar Bancorp's dividend payout ratio (DPR) is currently 16.67%.
Hedge Funds Weigh In On Magyar Bancorp
Several hedge funds have recently modified their holdings of MGYR. Northern Trust Corp lifted its holdings 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 acquiring an additional 7,501 shares during the period. Renaissance Technologies LLC increased 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 worth $242,000 after purchasing an additional 2,300 shares during the period. Finally, Dimensional Fund Advisors LP increased 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 worth $1,930,000 after buying an additional 974 shares during the last quarter. 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.
Featured Stories
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access