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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Magyar Bancorp logo

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.

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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

Analyst Opinion: 0.0Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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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?

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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