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.
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
Employees97
Next Earnings Date11/6/2019 (Estimated)
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) released its quarterly earnings data on Tuesday, April, 23rd. The bank reported $0.13 EPS for the quarter. The bank earned $5.69 million during the quarter. Magyar Bancorp had a return on equity of 5.46% and a net margin of 10.01%. View Magyar Bancorp's Earnings History.
When is Magyar Bancorp's next earnings date?
Has Magyar Bancorp been receiving favorable news coverage?
Media coverage about MGYR stock has trended positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magyar Bancorp earned a daily sentiment score of 2.5 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future. View News Stories for Magyar Bancorp.
Are investors shorting Magyar Bancorp?
Magyar Bancorp saw a increase in short interest in July. As of July 31st, there was short interest totalling 700 shares, an increase of 133.3% from the June 30th total of 300 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the shares of the company are short sold. View Magyar Bancorp's Current Options Chain.
Who are some of Magyar Bancorp's key competitors?
Some companies that are related to Magyar Bancorp include Territorial Bancorp (TBNK), PDL Community Bancorp (PDLB), Provident Bancorp (PVBC), Northrim BanCorp (NRIM), Western New England Bancorp (WNEB), North Dallas Bank Trust (NODB), Codorus Valley Bancorp (CVLY), BCB Bancorp (BCBP), First Capital (FCAP), BankFinancial (BFIN), First Guaranty Bancshares (FGBI), Riverview Bancorp (RVSB), Malvern Bancorp (MLVF), Northwest Indiana Bancorp (NWIN) and Provident Financial (PROV).
What other stocks do shareholders of Magyar Bancorp own?
Who are Magyar Bancorp's key executives?
Magyar Bancorp's management team includes the folowing 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.
Who are Magyar Bancorp's major shareholders?
Magyar Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Southside Capital LLC (0.15%). Company insiders that own Magyar Bancorp stock include John S Fitzgerald and Jon Ansari. View Institutional Ownership Trends for Magyar Bancorp.
Which institutional investors are buying Magyar Bancorp stock?
MGYR stock was acquired by a variety of institutional investors in the last quarter, including Southside Capital LLC. Company insiders that have bought Magyar Bancorp stock in the last two years include John S Fitzgerald and Jon Ansari. View Insider Buying and Selling for Magyar Bancorp.
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 $11.81.
How big of a company is Magyar Bancorp?
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.
