Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.80 and traded as high as $16.84. Magyar Bancorp shares last traded at $16.84, with a volume of 546 shares.
Magyar Bancorp Trading Down 1.8%
The company's 50-day moving average is $15.83 and its two-hundred day moving average is $14.80. The stock has a market capitalization of $108.95 million, a P/E ratio of 11.69 and a beta of 0.17.
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 8.08% and a net margin of 14.34%.
Magyar Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, May 14th. Magyar Bancorp's payout ratio is currently 16.67%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in Magyar Bancorp by 37.2% in the fourth quarter. Northern Trust Corp now owns 27,674 shares of the bank's stock worth $404,000 after purchasing an additional 7,501 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Magyar Bancorp by 0.7% during 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its stake 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 worth $242,000 after acquiring an additional 2,300 shares during the period. 46.32% of the stock is owned by institutional investors and hedge funds.
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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