NASDAQ:MGYR

Magyar Bancorp Stock Forecast, Price & News

$10.41

-0.02 (-0.19 %)

(As of 07/30/2021 12:00 AM ET)

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Today's Range

$10.41

▼

$10.46

50-Day Range

$10.41

▼

$14.77

52-Week Range

$7.95

▼

$15.05

Volume17,231 shs

Average Volume33,706 shs

Market Capitalization$60.48 million

P/E Ratio11.32

Dividend YieldN/A

Beta0.33

30 days | 90 days | 365 days | Advanced Chart

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About Magyar Bancorp

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various banking services in the United States. It accepts various deposit accounts, including demand, NOW, money market, savings, retirement, and certificates of deposit accounts. The company also offers residential mortgage loans; commercial real estate, commercial business, and construction loans; and consumer loans, which consist of home equity lines of credit and stock-secured demand loans. In addition, it 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 buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey; and a loan product office located in Keyport, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. is a subsidiary of Magyar Bancorp, MHC.

Magyar Bancorp, Inc. (NASDAQ:MGYR) Sees Significant Growth in Short Interest
July 31, 2021 | americanbankingnews.com

Does Magyar Bancorp (NASDAQ:MGYR) Deserve A Spot On Your Watchlist?
July 27, 2021 | finance.yahoo.com

Magyar Bancorp (NASDAQ:MGYR) Share Price Passes Above 200-Day Moving Average of $0.00
July 24, 2021 | americanbankingnews.com

Peter Mcintyre Brown Purchases 2,076 Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) Stock
July 16, 2021 | americanbankingnews.com

Magyar Bancorp, Inc. Announces Expected Closing Date Of Conversion And Offering Results
July 12, 2021 | finance.yahoo.com

Should Magyar Bancorp (NASDAQ:MGYR) Be Disappointed With Their 51% Profit?
April 28, 2021 | nasdaq.com

iShares Trust - iShares Short Treasury Bond ETF (SHVCL.SN)
April 21, 2021 | ca.finance.yahoo.com

Magyar Bancorp, Inc. Announces Adoption of Plan of Conversion for Second-Step Stock Offering
February 26, 2021 | finance.yahoo.com

Magyar Bancorp's(NASDAQ:MGYR) Share Price Is Down 19% Over The Past Three Years.
January 11, 2021 | finance.yahoo.com

Magyar Bancorp, Inc. Common Stock (MGYR)
October 23, 2020 | nasdaq.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Federal savings institutions
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MGYR
Previous Symbol
CUSIPN/A
CIK1337068
Webwww.magbank.com
Phone732-342-7600
Employees98
Year FoundedN/A

Sales & Book Value

Annual Sales$28.64 million
Price / Sales2.11
Cash Flow$0.54 per share
Price / Cash Flow19.20
Book Value$9.78 per share
Price / Book1.06

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares5,810,000
Market Cap$60.48 million
Next Earnings Date11/3/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.38 out of 5 stars

Finance Sector

1166th out of 2,041 stocks

Federal Savings Institutions Industry

49th out of 114 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Magyar Bancorp.

4.0 Community Rank

Outperform Votes
Magyar Bancorp has received 59 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Magyar Bancorp has received 38 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Magyar Bancorp has received 60.82% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Magyar Bancorp does not currently pay a dividend.
Dividend Growth
Magyar Bancorp does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magyar Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $20,760.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.80% of the stock of Magyar Bancorp is held by insiders.
Percentage Held by Institutions
Only 20.29% of the stock of Magyar Bancorp is held by institutions.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Magyar Bancorp is 11.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.87.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magyar Bancorp is 11.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.25.
Price to Book Value per Share Ratio
Magyar Bancorp has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Magyar Bancorp (NASDAQ:MGYR) Frequently Asked Questions

What stocks does MarketBeat like better than Magyar Bancorp?

Wall Street analysts have given Magyar Bancorp a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Magyar Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Magyar Bancorp?

Magyar Bancorp saw a increase in short interest in July. As of July 15th, there was short interest totaling 7,300 shares, an increase of 52.1% from the June 30th total of 4,800 shares. Based on an average daily volume of 10,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are short sold.
View Magyar Bancorp's Short Interest.

When is Magyar Bancorp's next earnings date?

Magyar Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
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 Thursday, July, 23rd. The bank reported $0.09 earnings per share for the quarter. The bank earned $5.94 million during the quarter. Magyar Bancorp had a trailing twelve-month return on equity of 9.17% and a net margin of 16.97%.
View Magyar Bancorp's earnings history.

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

Magyar Bancorp's stock was trading at $10.2601 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGYR shares have increased by 1.5% and is now trading at $10.41.
View which stocks have been most impacted by COVID-19.

Who are Magyar Bancorp's key executives?

Magyar Bancorp's management team includes the following people:

Mr. John S. Fitzgerald, Pres, CEO & Director (Age 57, Pay $875.08k)
Mr. Jon R. Ansari M.B.A., Exec. VP, CFO & Director (Age 47, Pay $579.01k)
Mr. John Reissner, VP & Investor Relations Officer
Ms. Karen LeBlon, Corp. Sec.
Mr. Peter M. Brown, Sr. VP & Chief Lending Officer (Age 56)

Who are some of Magyar Bancorp's key competitors?

Some companies that are related to Magyar Bancorp include Sterling Bancorp (SBT), PDL Community Bancorp (PDLB), 1st Constitution Bancorp (FCCY), Codorus Valley Bancorp (CVLY), Western New England Bancorp (WNEB), First Guaranty Bancshares (FGBI), North Dallas Bank & Trust (NODB), Heritage Southeast Bancorporation (HSBI), First Savings Financial Group (FSFG), Northeast Community Bancorp (NECB), BankFinancial (BFIN), Riverview Bancorp (RVSB), Finward Bancorp (FNWD), Citizens Community Bancorp (CZWI) and First Northern Community Bancorp (FNRN).
View all of MGYR's 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 Co. & (CCL), Cohu (COHU), Danaher (DHR), Huron Consulting Group (HURN), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), Canadian Pacific Railway (CP) and The Goldman Sachs Group (GS).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Magyar Bancorp's stock price today?

One share of MGYR stock can currently be purchased for approximately $10.41.

How much money does Magyar Bancorp make?

Magyar Bancorp has a market capitalization of $60.48 million and generates $28.64 million in revenue each year.

How many employees does Magyar Bancorp have?

Magyar Bancorp employs 98 workers across the globe.

What is Magyar Bancorp's official website?

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

Where are Magyar Bancorp's headquarters?

Magyar Bancorp is headquartered at 400 SOMERSET STREET, NEW BRUNSWICK NJ, 08901.

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 8/1/2021 by MarketBeat.com Staff

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