EXTENDED - TODAY ONLY: MarketBeat All Access For Just $399 $199 (save 50%)
×
QQQ   280.57 (-0.76%)
AAPL   141.17 (-2.11%)
MSFT   240.33 (-0.59%)
META   109.46 (+0.63%)
GOOGL   95.19 (-0.90%)
AMZN   92.42 (-1.63%)
TSLA   180.83 (-1.14%)
NVDA   156.39 (-1.19%)
NIO   10.50 (+3.75%)
BABA   79.86 (+5.25%)
AMD   73.39 (+0.27%)
T   19.01 (+1.01%)
MU   55.12 (-1.13%)
CGC   3.42 (+0.59%)
F   13.75 (+0.15%)
GE   85.66 (+0.22%)
DIS   94.69 (-1.05%)
AMC   7.43 (+1.36%)
PYPL   77.64 (-2.87%)
PFE   49.49 (-0.16%)
NFLX   280.96 (-0.07%)
QQQ   280.57 (-0.76%)
AAPL   141.17 (-2.11%)
MSFT   240.33 (-0.59%)
META   109.46 (+0.63%)
GOOGL   95.19 (-0.90%)
AMZN   92.42 (-1.63%)
TSLA   180.83 (-1.14%)
NVDA   156.39 (-1.19%)
NIO   10.50 (+3.75%)
BABA   79.86 (+5.25%)
AMD   73.39 (+0.27%)
T   19.01 (+1.01%)
MU   55.12 (-1.13%)
CGC   3.42 (+0.59%)
F   13.75 (+0.15%)
GE   85.66 (+0.22%)
DIS   94.69 (-1.05%)
AMC   7.43 (+1.36%)
PYPL   77.64 (-2.87%)
PFE   49.49 (-0.16%)
NFLX   280.96 (-0.07%)
QQQ   280.57 (-0.76%)
AAPL   141.17 (-2.11%)
MSFT   240.33 (-0.59%)
META   109.46 (+0.63%)
GOOGL   95.19 (-0.90%)
AMZN   92.42 (-1.63%)
TSLA   180.83 (-1.14%)
NVDA   156.39 (-1.19%)
NIO   10.50 (+3.75%)
BABA   79.86 (+5.25%)
AMD   73.39 (+0.27%)
T   19.01 (+1.01%)
MU   55.12 (-1.13%)
CGC   3.42 (+0.59%)
F   13.75 (+0.15%)
GE   85.66 (+0.22%)
DIS   94.69 (-1.05%)
AMC   7.43 (+1.36%)
PYPL   77.64 (-2.87%)
PFE   49.49 (-0.16%)
NFLX   280.96 (-0.07%)
QQQ   280.57 (-0.76%)
AAPL   141.17 (-2.11%)
MSFT   240.33 (-0.59%)
META   109.46 (+0.63%)
GOOGL   95.19 (-0.90%)
AMZN   92.42 (-1.63%)
TSLA   180.83 (-1.14%)
NVDA   156.39 (-1.19%)
NIO   10.50 (+3.75%)
BABA   79.86 (+5.25%)
AMD   73.39 (+0.27%)
T   19.01 (+1.01%)
MU   55.12 (-1.13%)
CGC   3.42 (+0.59%)
F   13.75 (+0.15%)
GE   85.66 (+0.22%)
DIS   94.69 (-1.05%)
AMC   7.43 (+1.36%)
PYPL   77.64 (-2.87%)
PFE   49.49 (-0.16%)
NFLX   280.96 (-0.07%)
NASDAQ:MGYR

Magyar Bancorp - MGYR Stock Forecast, Price & News

$12.88
-0.12 (-0.92%)
(As of 11/29/2022 12:00 AM ET)
Add
Compare
Today's Range
$12.88
$12.89
50-Day Range
$12.40
$13.00
52-Week Range
$11.32
$13.45
Volume
1,256 shs
Average Volume
5,463 shs
Market Capitalization
$91.44 million
P/E Ratio
11.01
Dividend Yield
0.92%
Price Target
N/A

Magyar Bancorp MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.25% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.96mentions of Magyar Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Finance Sector

610th out of 907 stocks

Federal Savings Institutions Industry

25th out of 44 stocks

MGYR stock logo

About Magyar Bancorp (NASDAQ:MGYR) Stock

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. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey. As of July 21, 2021, Magyar Bancorp, Inc. was formerly a subsidiary of Magyar Bancorp, MHC

Receive MGYR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Magyar Bancorp and its competitors with MarketBeat's FREE daily newsletter.

MGYR Stock News Headlines

Magyar Bancorp, Inc. Plans None Dividend of $0.08 (NASDAQ:MGYR)
MAGYAR BANCORP, INC. DECLARES SPECIAL CASH DIVIDEND
Magyar Bancorp, Inc. (MGYR)
MGYR.OQ - | Stock Price & Latest News | Reuters
Magyar Bancorp launches stock repurchase program
MAGYAR BANCORP, INC. ANNOUNCES QUARTERLY CASH DIVIDEND
Magyar Bancorp GAAP EPS of $0.25
Magyar Bancorp declares $0.03 dividend
Magyar Bancorp, Inc. Announces Special Cash Dividend
See More Headlines
Receive MGYR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Magyar Bancorp and its competitors with MarketBeat's FREE daily newsletter.

MGYR Company Calendar

Last Earnings
7/23/2020
Ex-Dividend for 11/23 Dividend
11/09/2022
Dividend Payable
11/23/2022
Ex-Dividend for 12/13 Dividend
11/28/2022
Today
11/29/2022
Dividend Payable
12/13/2022
Next Earnings (Estimated)
1/24/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Federal savings institutions
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:MGYR
Fax
N/A
Employees
94
Year Founded
N/A

Profitability

Net Income
$7.92 million
Pretax Margin
32.32%

Debt

Sales & Book Value

Annual Sales
$32.22 million
Cash Flow
$0.99 per share
Book Value
$13.76 per share

Miscellaneous

Free Float
6,757,000
Market Cap
$91.44 million
Optionable
Not Optionable
Beta
0.16

Key Executives

  • Mr. John S. Fitzgerald (Age 58)
    Pres, CEO & Director
    Comp: $913.96k
  • Mr. Jon R. Ansari M.B.A. (Age 48)
    Exec. VP, CFO & Director
    Comp: $571.43k
  • Mr. Peter McIntyre Brown (Age 57)
    Sr. VP & Chief Lending Officer
    Comp: $248.55k
  • Mr. John Reissner
    Corp. Sec., First VP & Investor Relations Officer













MGYR Stock - Frequently Asked Questions

How have MGYR shares performed in 2022?

Magyar Bancorp's stock was trading at $12.2750 at the beginning of 2022. Since then, MGYR stock has increased by 5.9% and is now trading at $13.00.
View the best growth stocks for 2022 here
.

Are investors shorting Magyar Bancorp?

Magyar Bancorp saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 15,100 shares, a decline of 31.1% from the October 31st total of 21,900 shares. Based on an average trading volume of 7,200 shares, the short-interest ratio is presently 2.1 days. Approximately 0.3% of the shares of the stock are sold short.
View Magyar Bancorp's Short Interest
.

When is Magyar Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our MGYR earnings forecast
.

How were Magyar Bancorp's earnings last quarter?

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced its quarterly earnings results on Thursday, July, 23rd. The bank reported $0.09 earnings per share (EPS) for the quarter. The bank had revenue of $5.94 million for the quarter. Magyar Bancorp had a trailing twelve-month return on equity of 7.95% and a net margin of 24.58%.

How often does Magyar Bancorp pay dividends? What is the dividend yield for Magyar Bancorp?

Magyar Bancorp declared a None dividend on Tuesday, November 15th. Shareholders of record on Tuesday, November 29th will be given a dividend of $0.08 per share on Tuesday, December 13th. The ex-dividend date is Monday, November 28th.
Read our dividend analysis for MGYR
.

Is Magyar Bancorp a good dividend stock?

Magyar Bancorp (NASDAQ:MGYR) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.92%. The dividend payout ratio is 10.26%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MGYR.

What other stocks do shareholders of Magyar Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magyar Bancorp investors own include Dominion Energy (D), Tapestry (TPR), Carnival Co. & (CCL), Cohu (COHU), Danaher (DHR), Huron Consulting Group (HURN), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), Canadian Pacific Railway (CP) and The Goldman Sachs Group (GS).

What is Magyar Bancorp's stock symbol?

Magyar Bancorp trades on the NASDAQ under the ticker symbol "MGYR."

Who are Magyar Bancorp's major shareholders?

Magyar Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (5.70%), PL Capital Advisors LLC (4.49%), Dimensional Fund Advisors LP (1.80%), Vanguard Group Inc. (1.44%) and Renaissance Technologies LLC (0.19%). Insiders that own company stock include Joseph A Yelencsics and Peter Mcintyre Brown.
View institutional ownership trends
.

How do I buy shares of Magyar Bancorp?

Shares of MGYR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Magyar Bancorp's stock price today?

One share of MGYR stock can currently be purchased for approximately $13.00.

How much money does Magyar Bancorp make?

Magyar Bancorp (NASDAQ:MGYR) has a market capitalization of $92.30 million and generates $32.22 million in revenue each year. The bank earns $7.92 million in net income (profit) each year or $1.17 on an earnings per share basis.

How can I contact Magyar Bancorp?

Magyar Bancorp's mailing address is 400 SOMERSET STREET, NEW BRUNSWICK NJ, 08901. The official website for the company is www.magbank.com. The bank can be reached via phone at (732) 342-7600.

This page (NASDAQ:MGYR) was last updated on 11/29/2022 by MarketBeat.com Staff