M3F Inc. lessened its stake in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 433,289 shares of the bank's stock after selling 29,753 shares during the quarter. Magyar Bancorp comprises 1.8% of M3F Inc.'s portfolio, making the stock its 14th largest holding. M3F Inc. owned approximately 6.59% of Magyar Bancorp worth $6,326,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Magyar Bancorp by 16.1% in the fourth quarter. Renaissance Technologies LLC now owns 16,586 shares of the bank's stock worth $242,000 after buying an additional 2,300 shares during the period. Geode Capital Management LLC raised its holdings in Magyar Bancorp by 6.3% in the third quarter. Geode Capital Management LLC now owns 57,876 shares of the bank's stock worth $713,000 after purchasing an additional 3,437 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Magyar Bancorp by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 133,227 shares of the bank's stock worth $1,930,000 after purchasing an additional 974 shares in the last quarter. Finally, PL Capital Advisors LLC lifted its position in Magyar Bancorp by 1,360.0% during the fourth quarter. PL Capital Advisors LLC now owns 3,716,532 shares of the bank's stock valued at $54,261,000 after buying an additional 3,461,975 shares during the period. 46.32% of the stock is currently owned by institutional investors.
Magyar Bancorp Stock Performance
Shares of Magyar Bancorp stock traded down $0.24 during trading on Friday, hitting $13.83. The company's stock had a trading volume of 307 shares, compared to its average volume of 3,893. Magyar Bancorp, Inc. has a 52 week low of $10.66 and a 52 week high of $14.90. The company has a fifty day simple moving average of $14.17 and a two-hundred day simple moving average of $13.86. The company has a market capitalization of $89.62 million, a PE ratio of 10.56 and a beta of 0.08.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.33 EPS for the quarter. Magyar Bancorp had a return on equity of 7.49% and a net margin of 15.25%.
Magyar Bancorp Profile
(
Free Report)
Magyar Bancorp, Inc operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit.
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