Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.87 and traded as high as $13.24. Magyar Bancorp shares last traded at $13.06, with a volume of 8,045 shares.
Magyar Bancorp Stock Down 0.5 %
The firm has a market cap of $84.37 million, a PE ratio of 10.48 and a beta of 0.27. The business has a 50 day simple moving average of $12.39 and a two-hundred day simple moving average of $11.88.
Magyar Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.54%. Magyar Bancorp's dividend payout ratio is currently 16.13%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Magyar Bancorp stock. Geode Capital Management LLC raised its holdings in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Free Report) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,876 shares of the bank's stock after purchasing an additional 3,437 shares during the period. Geode Capital Management LLC owned 0.89% of Magyar Bancorp worth $713,000 at the end of the most recent quarter. 46.32% of the stock is currently owned by institutional investors and hedge funds.
Magyar Bancorp Company Profile
(
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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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