Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.70 and traded as high as $10.99. Magyar Bancorp shares last traded at $10.95, with a volume of 2,844 shares trading hands.
Magyar Bancorp Stock Performance
The company has a 50-day simple moving average of $11.20 and a 200-day simple moving average of $10.70. The stock has a market cap of $71.82 million, a P/E ratio of 9.24 and a beta of 0.32.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last released its earnings results on Thursday, January 25th. The bank reported $0.26 earnings per share for the quarter. The company had revenue of $7.85 million during the quarter. Magyar Bancorp had a return on equity of 7.27% and a net margin of 17.23%.
Magyar Bancorp Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.20 dividend on an annualized basis and a yield of 1.85%. Magyar Bancorp's dividend payout ratio is presently 16.95%.
Institutional Investors Weigh In On Magyar Bancorp
A hedge fund recently bought a new stake in Magyar Bancorp stock. BHZ Capital Management LP bought a new stake in Magyar Bancorp, Inc. (NASDAQ:MGYR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,366 shares of the bank's stock, valued at approximately $318,000. BHZ Capital Management LP owned 0.43% of Magyar Bancorp at the end of the most recent quarter. 46.32% of the stock is owned by institutional investors and hedge funds.
About Magyar Bancorp
(
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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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