Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.71 and traded as high as $14.20. Magyar Bancorp shares last traded at $14.20, with a volume of 1,892 shares trading hands.
Magyar Bancorp Price Performance
The stock has a market cap of $88.75 million, a PE ratio of 11.05 and a beta of 0.30. The stock has a 50-day simple moving average of $13.84 and a 200-day simple moving average of $12.73.
Magyar Bancorp Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, December 6th. Magyar Bancorp's dividend payout ratio is currently 16.13%.
Hedge Funds Weigh In On Magyar Bancorp
A hedge fund recently bought a new stake in Magyar Bancorp stock. Private Advisor Group LLC bought a new position in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,064 shares of the bank's stock, valued at approximately $136,000. Private Advisor Group LLC owned approximately 0.17% of Magyar Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 46.32% of the company's stock.
About Magyar Bancorp
(
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.
Read More
Before you consider Magyar Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Magyar Bancorp wasn't on the list.
While Magyar Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
