Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.37 and traded as high as $14.65. Magyar Bancorp shares last traded at $14.65, with a volume of 4,448 shares traded.
Magyar Bancorp Trading Up 1.0 %
The firm's fifty day moving average price is $13.23 and its 200-day moving average price is $12.38. The company has a market cap of $95.08 million, a price-to-earnings ratio of 11.81 and a beta of 0.31.
Magyar Bancorp Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.04 dividend. The ex-dividend date was Friday, December 6th. Magyar Bancorp's dividend payout ratio (DPR) is currently 16.13%.
Hedge Funds Weigh In On Magyar Bancorp
An institutional investor recently bought a new position in Magyar Bancorp stock. Private Advisor Group LLC bought a new position in Magyar Bancorp, Inc. (NASDAQ:MGYR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,064 shares of the bank's stock, valued at approximately $136,000. Private Advisor Group LLC owned 0.17% of Magyar Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 46.32% of the company's stock.
About Magyar Bancorp
(
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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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