Shares of 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 $13.91 and traded as high as $14.00. Magyar Bancorp shares last traded at $14.04, with a volume of 769 shares trading hands.
Magyar Bancorp Price Performance
The company has a fifty day moving average price of $14.11 and a 200 day moving average price of $13.95. The company has a market capitalization of $92.99 million, a P/E ratio of 10.95 and a beta of 0.08.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.43 EPS for the quarter. The firm had revenue of $15.78 million during the quarter. Magyar Bancorp had a return on equity of 7.49% and a net margin of 15.25%.
Magyar Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.67%. Magyar Bancorp's dividend payout ratio (DPR) is presently 16.67%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Magyar Bancorp by 16.1% during the fourth 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. Northern Trust Corp raised its stake in Magyar Bancorp by 37.2% during the 4th quarter. Northern Trust Corp now owns 27,674 shares of the bank's stock valued at $404,000 after acquiring an additional 7,501 shares in the last quarter. Geode Capital Management LLC raised its stake in Magyar Bancorp by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 57,876 shares of the bank's stock valued at $713,000 after acquiring an additional 3,437 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Magyar Bancorp by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 133,227 shares of the bank's stock worth $1,930,000 after purchasing an additional 974 shares in the last quarter. Finally, PL Capital Advisors LLC grew its stake in shares of Magyar Bancorp by 1,360.0% in the fourth quarter. PL Capital Advisors LLC now owns 3,716,532 shares of the bank's stock worth $54,261,000 after purchasing an additional 3,461,975 shares in the last quarter. 46.32% of the stock is owned by institutional investors and hedge funds.
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.
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