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$29.24 million
Profitability
Miscellaneous
Employees97
Next Earnings Date4/28/2020 (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) announced its quarterly earnings results on Thursday, January, 23rd. The bank reported $0.10 earnings per share for the quarter. The bank earned $5.53 million during the quarter. Magyar Bancorp had a net margin of 9.77% and a return on equity of 5.30%. View Magyar Bancorp's Earnings History.
When is Magyar Bancorp's next earnings date?
Has Magyar Bancorp been receiving favorable news coverage?
News articles about MGYR stock have trended extremely negative on Wednesday, according to InfoTrie. InfoTrie identifies positive and negative press 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 -5 to 5, with scores closest to five being the most favorable. Magyar Bancorp earned a media sentiment score of -4.3 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Magyar Bancorp.
Are investors shorting Magyar Bancorp?
Magyar Bancorp saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 500 shares, an increase of 25.0% from the December 31st total of 400 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the company's stock are sold short. 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), Western New England Bancorp (WNEB), Northrim BanCorp (NRIM), Provident Bancorp (PVBC), BCB Bancorp (BCBP), First Capital (FCAP), Codorus Valley Bancorp (CVLY), North Dallas Bank Trust (NODB), BankFinancial (BFIN), 1st Constitution Bancorp (FCCY), First Guaranty Bancshares (FGBI), Riverview Bancorp (RVSB), Malvern Bancorp (MLVF) 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.
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 $12.60.
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.
