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S&P 500   5,088.80
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Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Claim Your FREE Ultimate Dividend Package (Seriously, put your wallet away!) (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Claim Your FREE Ultimate Dividend Package (Seriously, put your wallet away!) (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Claim Your FREE Ultimate Dividend Package (Seriously, put your wallet away!) (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
NASDAQ:MGYR

Magyar Bancorp (MGYR) Stock Price, News & Analysis

$11.45
-0.25 (-2.14%)
(As of 02/23/2024 ET)
Today's Range
$11.45
$11.95
50-Day Range
$10.99
$11.80
52-Week Range
$9.00
$12.65
Volume
6,426 shs
Average Volume
3,769 shs
Market Capitalization
$76.14 million
P/E Ratio
9.70
Dividend Yield
1.75%
Price Target
N/A

Magyar Bancorp MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.09% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.00mentions of Magyar Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$7,706 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.53 out of 5 stars

Finance Sector

427th out of 861 stocks

Federal Savings Institutions Industry

15th out of 33 stocks


MGYR stock logo

About Magyar Bancorp Stock (NASDAQ:MGYR)

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 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.

MGYR Stock Price History

MGYR Stock News Headlines

Magyar Bancorp Inc.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Magyar Bancorp Inc MGYR
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Magyar Bancorp GAAP EPS of $0.34
Magyar Bancorp declares $0.04 dividend
Hungarian central bank cuts O/N rate by 100bp
Magyar Bancorp: Dividend Insights
Magyar Bancorp GAAP EPS of $0.30
CMTV - Community Bancorp
See More Headlines
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Company Calendar

Ex-Dividend for 12/12 Dividend
11/27/2023
Dividend Payable
12/12/2023
Last Earnings
1/25/2024
Ex-Dividend for 2/22 Dividend
2/07/2024
Dividend Payable
2/22/2024
Today
2/24/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:MGYR
Fax
N/A
Employees
89
Year Founded
1922

Profitability

Net Income
$7.71 million
Pretax Margin
23.97%

Debt

Sales & Book Value

Annual Sales
$40.75 million
Cash Flow
$1.29 per share
Book Value
$16.01 per share

Miscellaneous

Free Float
5,955,000
Market Cap
$76.74 million
Optionable
Not Optionable
Beta
0.33

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MGYR Stock Analysis - Frequently Asked Questions

How have MGYR shares performed in 2024?

Magyar Bancorp's stock was trading at $11.23 at the start of the year. Since then, MGYR shares have increased by 2.0% and is now trading at $11.45.
View the best growth stocks for 2024 here
.

Are investors shorting Magyar Bancorp?

Magyar Bancorp saw a decline in short interest during the month of January. As of January 31st, there was short interest totaling 5,000 shares, a decline of 38.3% from the January 15th total of 8,100 shares. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the company's shares 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 Thursday, April 18th 2024.
View our MGYR earnings forecast
.

How were Magyar Bancorp's earnings last quarter?

Magyar Bancorp, Inc. (NASDAQ:MGYR) released its quarterly earnings results on Thursday, January, 25th. The bank reported $0.26 earnings per share (EPS) for the quarter. The bank earned $7.85 million during the quarter. Magyar Bancorp had a trailing twelve-month return on equity of 7.27% and a net margin of 17.23%.

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

Magyar Bancorp declared a quarterly dividend on Thursday, January 25th. Investors of record on Thursday, February 8th will be given a dividend of $0.05 per share on Thursday, February 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, February 7th.
Read our dividend analysis for MGYR
.

Is Magyar Bancorp a good dividend stock?

Magyar Bancorp (NASDAQ:MGYR) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.71%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.95%. 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?
Who are Magyar Bancorp's major shareholders?

Magyar Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include PL Capital Advisors LLC (3.82%), BHZ Capital Management LP (0.43%) and Northern Trust Corp (0.33%). Insiders that own company stock include Michael F Lombardi 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Magyar Bancorp have any subsidiaries?
The following companies are subsidiares of Magyar Bancorp: Magbank Investment Company, and Magyar Service Corp..
Read More
This page (NASDAQ:MGYR) was last updated on 2/24/2024 by MarketBeat.com Staff