Magyar Bancorp, Inc. is a holding company of Magyar Bank (the Bank). The Bank's principal business consists of attracting retail deposits from the public in the areas surrounding its main office in New Brunswick, New Jersey and its branch offices located in Middlesex and Somerset Counties, New Jersey. The Bank invests these deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, small business administration (SBA) loans, construction loans and investment securities. The Bank's primary sources of funds are deposits, borrowings, and principal and interest payments on loans and securities. The Bank's deposits include certificates of deposit, demand, savings, negotiable order of withdrawal (NOW) and money market accounts.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: N/A
- Symbol: NASDAQ:MGYR
- CUSIP: N/A
- Web: www.magbank.com
- Market Cap: $72.75 million
- Outstanding Shares: 5,820,000
- 52 Week Range: $10.09 - $14.95
Sales & Book Value:
- Trailing P/E Ratio:
- P/E Growth:
- Annual Revenue: $18.26 million
- Price / Sales: 3.98
- Book Value: $8.35 per share
- Price / Book: 1.50
- Net Margins: 5.48%
- Return on Equity: 2.67%
- Return on Assets: 0.22%
- Debt-to-Equity Ratio: 0.66%
- Current Ratio: 0.95%
- Quick Ratio: 0.95%
- Average Volume: 1,673 shs.
- Beta: -0.09
- Short Ratio: 8.75
Frequently Asked Questions for Magyar Bancorp (NASDAQ:MGYR)
What is Magyar Bancorp's stock symbol?
Magyar Bancorp trades on the NASDAQ under the ticker symbol "MGYR."
How were Magyar Bancorp's earnings last quarter?
Magyar Bancorp, Inc. (NASDAQ:MGYR) posted its quarterly earnings results on Monday, July, 24th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $4.97 million for the quarter. Magyar Bancorp had a net margin of 5.48% and a return on equity of 2.67%. View Magyar Bancorp's Earnings History.
When will Magyar Bancorp make its next earnings announcement?
Who are some of Magyar Bancorp's key competitors?
Some companies that are related to Magyar Bancorp include Sussex Bancorp (SBBX), Middlefield Banc Corp. (MBCN), Atlantic Coast Financial Corporation (ACFC), CB Financial Services (CBFV), Guaranty Federal Bancshares (GFED), Eagle Bancorp Montana (EBMT), PCF Group PLC (PCF), Avenue Financial Holdings (AVNU), Banc of California (FPTB), Banco Santander, S.A. (STD), Baylake (BYLK), C1 Financial (BNK), Cape Bancorp (CBNJ), Cardinal Financial (CFNL), Carolina Bank Holding Inc. (NC) (CLBH), Cascade Bancorp (CACB), CommunityOne Bancorp (COB) and Eastern Virginia Bankshares (EVBS).
Who are Magyar Bancorp's key executives?
Magyar Bancorp's management team includes the folowing people:
- Joseph J. Lukacs Jr.,DMD, Independent Chairman of the Board of the Company and the Magyar Bank
- John S. Fitzgerald, President, Chief Executive Officer, Director
- Thomas Lankey, Independent Vice Chairman of the Board
- Jon R. Ansari, Chief Financial Officer, Executive Vice President, Director of the company and Magyar Bank
- Brain Stanley, Senior Vice President, Chief Lending Officer of the Company and the Magyar Bank
- Andrew G. Hodulik CPA, Independent Director
- Martin A. Lukacs D.M.D, Independent Director
- Salvatore J. Romano Ph.D., Independent Director
- Edward C. Stokes III, Independent Director
- Joseph A. Yelencsics, Independent Director
Who owns Magyar Bancorp stock?
Magyar Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include PL Capital Advisors LLC (9.28%), M3F Inc. (2.50%), Dimensional Fund Advisors LP (1.60%), State Street Corp (0.59%), First Manhattan Co. (0.39%) and Vanguard Group Inc. (0.18%). View Institutional Ownership Trends for Magyar Bancorp.
Who sold Magyar Bancorp stock? Who is selling Magyar Bancorp stock?
Who bought Magyar Bancorp stock? Who is buying Magyar Bancorp stock?
How do I buy Magyar Bancorp stock?
Shares of Magyar Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Magyar Bancorp's stock price today?
MarketBeat Community Rating for Magyar Bancorp (NASDAQ MGYR)MarketBeat's community ratings are surveys of what our community members think about Magyar Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Magyar Bancorp stock can currently be purchased for approximately $12.50.
Consensus Ratings for Magyar Bancorp (NASDAQ:MGYR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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Analysts' Ratings History for Magyar Bancorp (NASDAQ:MGYR)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Magyar Bancorp (NASDAQ:MGYR)Earnings History by Quarter for Magyar Bancorp (NASDAQ MGYR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/24/2017||Q3 2017||$0.05||$4.97 million||View||N/A|
|4/25/2017||Q2 2017||$0.05||$4.97 million||View||N/A|
|1/25/2017||Q1 2017||$0.06||$4.95 million||View||N/A|
Earnings Estimates for Magyar Bancorp (NASDAQ:MGYR)
No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for Magyar Bancorp (NASDAQ:MGYR)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Magyar Bancorp (NASDAQ:MGYR)
Insider Ownership Percentage: 7.00%Insider Trades by Quarter for Magyar Bancorp (NASDAQ:MGYR)
Institutional Ownership Percentage: 14.75%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/17/2016||John S. Fitzgerald||CEO||Buy||800||$9.97||$7,976.00|| |
|2/16/2016||John S. Fitzgerald||CEO||Buy||200||$9.89||$1,978.00|| |
|4/29/2015||John S Fitzgerald||CEO||Buy||1,000||$8.74||$8,740.00|| |
|8/5/2014||John S Fitzgerald||CEO||Buy||1,000||$7.93||$7,930.00|| |
|8/5/2014||Joseph A Yelencsics||Director||Buy||3,500||$7.90||$27,650.00|| |
|6/3/2014||Joseph A Yelencsics||Director||Buy||4,500||$7.90||$35,550.00|| |
|5/28/2014||Joseph A Yelencsics||Director||Buy||1,100||$7.90||$8,690.00|| |
|12/11/2013||Joseph A Yelencsics||Director||Sell||2,000||$7.22||$14,440.00|| |
|12/3/2013||Joseph A Yelencsics||Director||Sell||1,000||$7.22||$7,220.00|| |
|11/26/2013||John S Fitzgerald||CEO||Buy||1,000||$7.50||$7,500.00|| |
|11/26/2013||Joseph A Yelencsics||Director||Sell||3,000||$7.35||$22,050.00|| |
|11/19/2013||Joseph A Yelencsics||Director||Sell||3,500||$7.12||$24,920.00|| |
|6/11/2013||Jon Ansari||CFO||Buy||1,430||$4.94||$7,064.20|| |
|1/30/2013||John S Fitzgerald||CEO||Buy||1,000||$4.88||$4,880.00|| |
Headline Trends for Magyar Bancorp (NASDAQ:MGYR)
Latest Headlines for Magyar Bancorp (NASDAQ:MGYR)
|Magyar Bancorp, Inc. (MGYR) Releases Quarterly Earnings Results|
www.americanbankingnews.com - July 25 at 10:39 AM
|Magyar Bancorp, Inc. (MGYR) Announces Quarterly Earnings Results|
www.americanbankingnews.com - April 26 at 6:30 PM
|Deals of the day-Mergers and acquisitions|
www.reuters.com - January 16 at 2:37 PM
|MAGYAR BANCORP, INC. Financials|
finance.yahoo.com - December 24 at 1:04 PM
|MAGYAR BANCORP, INC. Files SEC form 10-K, Annual Report|
biz.yahoo.com - December 18 at 2:45 PM
|MAGYAR BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi|
biz.yahoo.com - November 16 at 9:25 AM
|MAGYAR BANCORP, INC. Files SEC form 10-Q, Quarterly Report|
biz.yahoo.com - August 13 at 2:45 PM
|MAGYAR BANCORP, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Financial Statements an|
biz.yahoo.com - February 19 at 11:56 AM
|MAGYAR BANCORP, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits|
biz.yahoo.com - February 18 at 11:32 AM
|Magyar Bancorp, Inc. Announces First Quarter Financial Results|
finance.yahoo.com - January 26 at 4:30 PM
Magyar Bancorp (MGYR) Chart for Tuesday, September, 19, 2017