About Magyar Bancorp (NASDAQ:MGYR)
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
Trailing P/E Ratio41.42
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$23.98 million
Price / Sales3.02
Cash Flow$0.42 per share
Price / Cash29.85
Book Value$8.50 per share
Price / Book1.46
Net Income$1.42 million
Return on Equity3.49%
Return on Assets0.29%
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 data on Thursday, January, 25th. The bank reported $0.12 earnings per share for the quarter. The bank earned $5.48 million during the quarter. Magyar Bancorp had a net margin of 5.70% and a return on equity of 3.49%. View Magyar Bancorp's Earnings History.
Who are some of Magyar Bancorp's key competitors?
Some companies that are related to Magyar Bancorp include Carolina Bank Holding Inc. (NC) (CLBH), Provident Financial (PROV), CB Financial Services (CBFV), Eagle Bancorp Montana (EBMT), Guaranty Federal Bancshares (GFED), PCF Group (PCF), Avenue Financial (AVNU), Cascade Bancorp (CACB), Eastern Virginia Bankshares (EVBS), First Community Financial Partners (FCFP), NewBridge Bancorp (NBBC), Sterling Financial (STSA), Susquehanna Bancshares (SUSQ), Talmer Bancorp (TLMR) and Your Community Bankshares (YCB).
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 (Age 73)
- John S. Fitzgerald, President, Chief Executive Officer, Director (Age 50)
- Thomas Lankey, Independent Vice Chairman of the Board (Age 54)
- Jon R. Ansari, Chief Financial Officer, Executive Vice President, Director of the company and Magyar Bank (Age 41)
- Brain Stanley, Senior Vice President, Chief Lending Officer of the Company and the Magyar Bank (Age 62)
- Andrew G. Hodulik CPA, Independent Director (Age 58)
- Martin A. Lukacs D.M.D, Independent Director (Age 68)
- Salvatore J. Romano Ph.D., Independent Director (Age 73)
- Edward C. Stokes III, Independent Director (Age 66)
- Joseph A. Yelencsics, Independent Director (Age 60)
Who owns 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 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 Magyar Bancorp stock can currently be purchased for approximately $12.43.
How big of a company is Magyar Bancorp?
Magyar Bancorp has a market capitalization of $72.34 million and generates $23.98 million in revenue each year. The bank earns $1.42 million in net income (profit) each year or $0.24 on an earnings per share basis. Magyar Bancorp employs 105 workers across the globe.
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 (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.
Magyar Bancorp (NASDAQ:MGYR) Analyst Ratings History
No equities research coverage for this company has been tracked by MarketBeat
Magyar Bancorp (NASDAQ:MGYR) Earnings History and Estimates Chart
Magyar Bancorp (NASDAQ MGYR) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/25/2018||Q1 2018||$0.12||$5.48 million||View||N/A|
|11/2/2017||Q4 2017||$0.08||$5.32 million||View||N/A|
|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|
|11/2/2016||Q4 2016||$0.06||$4.90 million||View||N/A|
|7/25/2016||Q3 2016||$0.04||$4.89 million||View||N/A|
|4/25/2016||Q2 2016||$0.03||$4.54 million||View||N/A|
|1/26/2016||Q1 2016||$0.05||$4.73 million||View||N/A|
|11/16/2015||Q4 2015||$0.06||$4.64 million||View||N/A|
|4/23/2015||Q2 2015||$0.03||$4.47 million||View||N/A|
|1/26/2015||Q1 2015||$0.03||$4.55 million||View||N/A|
|11/12/2014||Q4 2014||$0.03||$4.43 million||View||N/A|
|7/22/2014||Q3 2014||$0.03||$4.34 million||View||N/A|
|4/28/2014||Q2 2014||$0.01||$4.32 million||View||N/A|
|5/10/2013||Q2 2013||$0.06||$4.17 million||View||N/A|
Magyar Bancorp (NASDAQ:MGYR) Earnings Estimates
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
Magyar Bancorp (NASDAQ MGYR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.80%
Institutional Ownership Percentage: 15.14%
Magyar Bancorp (NASDAQ MGYR) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|1/30/2018||John S Fitzgerald||Insider||Buy||200||$12.90||$2,580.00||28,752|| |
|12/1/2017||John S Fitzgerald||Insider||Buy||976||$12.81||$12,502.56|| |
|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|| |
Magyar Bancorp (NASDAQ MGYR) News Headlines
|Magyar Bancorp (MGYR) Set to Announce Earnings on Tuesday|
www.americanbankingnews.com - January 16 at 3:50 AM
|John S. Fitzgerald Purchases 976 Shares of Magyar Bancorp, Inc. (MGYR) Stock|
www.americanbankingnews.com - December 5 at 8:00 PM
|Magyar Bancorp, Inc. (MGYR) Announces Quarterly Earnings Results|
www.americanbankingnews.com - November 3 at 9:50 PM
|Magyar Bancorp, Inc. (MGYR) to Release Quarterly Earnings on Tuesday|
www.americanbankingnews.com - October 24 at 8:54 AM
|Magyar Bancorp, Inc. (MGYR) Releases Quarterly Earnings Results|
www.americanbankingnews.com - July 25 at 10:39 AM
|Deals of the day-Mergers and acquisitions|
www.reuters.com - January 16 at 2:37 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 (NASDAQ:MGYR) SEC Filings
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Magyar Bancorp (NASDAQ:MGYR) Income Statement, Balance Sheet and Cash Flow Statement
Magyar Bancorp (NASDAQ MGYR) Stock Chart for Tuesday, February, 20, 2018