Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.24 and traded as high as $14.68. Magyar Bancorp shares last traded at $14.65, with a volume of 4,989 shares trading hands.
Magyar Bancorp Stock Performance
The firm has a market capitalization of $93.97 million, a PE ratio of 11.07 and a beta of 0.30. The company has a fifty day moving average price of $14.43 and a 200-day moving average price of $13.27.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last released 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 Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.66%. The ex-dividend date was Thursday, February 6th. This is a positive change from Magyar Bancorp's previous quarterly dividend of $0.05. Magyar Bancorp's dividend payout ratio is presently 18.32%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of MGYR. Private Advisor Group LLC bought a new stake in shares of Magyar Bancorp during the third quarter worth $136,000. Geode Capital Management LLC raised its holdings in shares of Magyar Bancorp by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 57,876 shares of the bank's stock valued at $713,000 after purchasing an additional 3,437 shares in the last quarter. PL Capital Advisors LLC boosted its stake in shares of 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 purchasing an additional 3,461,975 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Magyar Bancorp by 16.1% during the fourth quarter. Renaissance Technologies LLC now owns 16,586 shares of the bank's stock valued at $242,000 after buying an additional 2,300 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Magyar Bancorp by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 133,227 shares of the bank's stock valued at $1,930,000 after buying an additional 974 shares during the period. Institutional investors own 46.32% of the company's stock.
Magyar Bancorp Company Profile
(
Get 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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