Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.31 and traded as high as $16.00. Magyar Bancorp shares last traded at $15.90, with a volume of 34,766 shares trading hands.
Magyar Bancorp Stock Performance
The firm has a market capitalization of $102.89 million, a P/E ratio of 12.14 and a beta of 0.10. The firm has a 50 day moving average price of $14.42 and a 200-day moving average price of $14.36.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.43 earnings per share for the quarter. The company had revenue of $15.78 million for the quarter. Magyar Bancorp had a return on equity of 7.49% and a net margin of 15.25%.
Magyar Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, May 14th. Magyar Bancorp's dividend payout ratio is currently 16.67%.
Institutional Trading of Magyar Bancorp
Several institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of Magyar Bancorp by 37.2% during the fourth 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. PL Capital Advisors LLC lifted its stake in shares of Magyar Bancorp by 1,360.0% during the 4th quarter. PL Capital Advisors LLC now owns 3,716,532 shares of the bank's stock worth $54,261,000 after acquiring an additional 3,461,975 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Magyar Bancorp by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 133,227 shares of the bank's stock valued at $1,930,000 after acquiring an additional 974 shares during the period. Finally, Renaissance Technologies LLC grew its position in 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 acquiring an additional 2,300 shares during the last quarter. Institutional investors 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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