Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 1.4%
The company has a market cap of $107.48 million, a P/E ratio of 11.53 and a beta of 0.17. The company's 50-day moving average price is $15.88 and its two-hundred day moving average price is $14.82.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.43 earnings per share for the quarter. Magyar Bancorp had a net margin of 14.34% and a return on equity of 8.08%. 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 paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.24 annualized dividend and a yield of 1.44%. Magyar Bancorp's payout ratio is presently 16.67%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in MGYR. Dimensional Fund Advisors LP lifted its position in 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. Northern Trust Corp boosted its position 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. Finally, Renaissance Technologies LLC increased its stake in 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 last quarter. 46.32% of the stock is owned by hedge funds and other institutional investors.
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.
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
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
