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. As of November 2, 2017, it operated through seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. is a subsidiary of Magyar Bancorp, MHC.
Industry, Sector and Symbol
Industry Federal savings institutions
Sub-IndustryN/A
SectorFinance
Phone732-342-7600
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$26.47 million
Profitability
Miscellaneous
Employees107
OptionableNot Optionable
Magyar Bancorp (NASDAQ:MGYR) Frequently Asked Questions
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 Thursday, January, 24th. The bank reported $0.12 earnings per share for the quarter. The bank earned $5.46 million during the quarter. Magyar Bancorp had a net margin of 8.82% and a return on equity of 4.67%. View Magyar Bancorp's Earnings History.
When is Magyar Bancorp's next earnings date?
Has Magyar Bancorp been receiving favorable news coverage?
Media stories about MGYR stock have trended somewhat negative on Wednesday, InfoTrie reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Magyar Bancorp earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are some of Magyar Bancorp's key competitors?
Some companies that are related to Magyar Bancorp include Northrim BanCorp (NRIM), BankFinancial (BFIN), PDL Community Bancorp (PDLB), Provident Bancorp (PVBC), North Dallas Bank Trust (NODB), Codorus Valley Bancorp (CVLY), BCB Bancorp (BCBP), First Guaranty Bancshares (FGBI), First Capital (FCAP), SI Financial Group (SIFI), Riverview Bancorp (RVSB), Malvern Bancorp (MLVF), 1st Constitution Bancorp (FCCY), Provident Financial (PROV) and Oconee Federal Financial (OFED).
Who are Magyar Bancorp's key executives?
Magyar Bancorp's management team includes the folowing people:
- Mr. John S. Fitzgerald, Pres, CEO & Director (Age 54)
- Mr. Jon R. Ansari, Exec. VP, CFO & Director (Age 44)
- Mr. Brian Stanley, Sr. VP and Chief lending officer (Age 65)
- Mr. John Reissner, VP, Marketing Director and Investor Relations Officer
- Ms. Karen LeBlon, Corp. Sec.
Who are Magyar Bancorp's major shareholders?
Which major investors are buying Magyar Bancorp stock?
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, Scottrade, Fidelity and Charles Schwab.
What is Magyar Bancorp's stock price today?
One share of MGYR stock can currently be purchased for approximately $11.66.
How big of a company is Magyar Bancorp?
Magyar Bancorp has a market capitalization of $67.86 million and generates $26.47 million in revenue each year. Magyar Bancorp employs 107 workers across the globe.
What is Magyar Bancorp's official website?
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.
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 MGYR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGYR will underperform the S&P 500 over the long term. You may vote once every thirty days.
