Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.05 per share by the bank on Tuesday, May 21st. This represents a $0.20 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Monday, May 6th.
Magyar Bancorp Price Performance
MGYR traded up $0.06 during trading on Thursday, reaching $11.31. The company had a trading volume of 147 shares, compared to its average volume of 3,737. Magyar Bancorp has a 12 month low of $9.00 and a 12 month high of $12.00. The business's fifty day moving average price is $11.19 and its 200 day moving average price is $10.72. The company has a market cap of $75.21 million, a P/E ratio of 9.43 and a beta of 0.32.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.26 earnings per share for the quarter. Magyar Bancorp had a net margin of 16.44% and a return on equity of 7.31%. The firm had revenue of $7.85 million for the quarter.
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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