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NASDAQ:MGYRMagyar Bancorp Stock Price, Forecast & News

$8.37
+0.19 (+2.32 %)
(As of 07/14/2020 04:00 PM ET)
Add
Compare
Today's Range
$8.37
Now: $8.37
$8.37
50-Day Range
$8.19
MA: $9.03
$9.64
52-Week Range
$8.19
Now: $8.37
$12.87
Volume800 shs
Average Volume1,662 shs
Market Capitalization$48.64 million
P/E Ratio20.41
Dividend YieldN/A
Beta0.41
Magyar Bancorp, Inc. operates as the mid-tier stock holding company for Magyar Bank that provides various banking products and services to families and businesses in New Jersey, the United States. Its product portfolio includes various deposit products, such as demand, NOW, money market, savings, and retirement accounts, as well as certificates of deposit; and loan products comprising one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, small business administration loans, and construction loans, as well as consumer loans, which primarily include secured demand loans. The company also provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and investment securities. It operates through seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison; and a loan product office in New Jersey. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. is a subsidiary of Magyar Bancorp, MHC.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.57 out of 5 stars


Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MGYR
CUSIPN/A
Phone732-342-7600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$29.24 million
Cash Flow$0.70 per share
Book Value$9.39 per share

Profitability

Net Income$3 million

Miscellaneous

Employees97
Market Cap$48.64 million
Next Earnings Date7/27/2020 (Estimated)
OptionableNot Optionable

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Magyar Bancorp (NASDAQ:MGYR) Frequently Asked Questions

How has Magyar Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Magyar Bancorp's stock was trading at $10.2601 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MGYR shares have decreased by 18.4% and is now trading at $8.37. View which stocks have been most impacted by Coronavirus.

When is Magyar Bancorp's next earnings date?

Magyar Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Magyar Bancorp.

How were Magyar Bancorp's earnings last quarter?

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced its quarterly earnings data on Monday, April, 27th. The bank reported $0.05 earnings per share (EPS) for the quarter. The bank earned $5.41 million during the quarter. Magyar Bancorp had a net margin of 8.30% and a return on equity of 4.37%. View Magyar Bancorp's earnings history.

Has Magyar Bancorp been receiving favorable news coverage?

News coverage about MGYR stock has trended somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magyar Bancorp earned a news impact score of -1.5 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Magyar Bancorp.

Who are some of Magyar Bancorp's key competitors?

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 (CCL), Cohu (COHU), Danaher (DHR), Huron Consulting Group (HURN), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), Canadian Pacific Railway (CP) and Goldman Sachs Group (GS).

Who are Magyar Bancorp's key executives?

Magyar Bancorp's management team includes the following people:
  • Mr. John S. Fitzgerald, Pres, CEO & Director (Age 55)
  • Mr. Jon R. Ansari, Exec. VP, CFO & Director (Age 45)
  • Mr. Brian Stanley, Sr. VP & Chief lending officer (Age 66)
  • Mr. John Reissner, VP & Investor Relations Officer
  • Ms. Karen LeBlon, Corp. Sec.

What is Magyar Bancorp's stock symbol?

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

How do I buy shares of Magyar Bancorp?

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

What is Magyar Bancorp's stock price today?

One share of MGYR stock can currently be purchased for approximately $8.37.

How big of a company is Magyar Bancorp?

Magyar Bancorp has a market capitalization of $48.64 million and generates $29.24 million in revenue each year. Magyar Bancorp employs 97 workers across the globe.

What is Magyar Bancorp's official website?

The official website for Magyar Bancorp is www.magbank.com.

How can I contact Magyar Bancorp?

Magyar Bancorp's mailing address is 400 SOMERSET STREET, NEW BRUNSWICK NJ, 08901. The bank can be reached via phone at 732-342-7600.

This page was last updated on 7/14/2020 by MarketBeat.com Staff

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