Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.89 and traded as high as $14.66. Magyar Bancorp shares last traded at $14.24, with a volume of 1,764 shares.
Magyar Bancorp Stock Up 1.7 %
The stock's 50 day moving average is $14.08 and its 200-day moving average is $12.89. The company has a market cap of $96.61 million, a PE ratio of 11.86 and a beta of 0.30.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $0.41 EPS for the quarter. Magyar Bancorp had a net margin of 14.91% and a return on equity of 7.18%. The company had revenue of $14.74 million during the quarter.
Magyar Bancorp Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.04 dividend. The ex-dividend date of this dividend 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 raised its position in Magyar Bancorp stock. Geode Capital Management LLC lifted its position in Magyar Bancorp, Inc. (NASDAQ:MGYR - Free Report) by 6.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,876 shares of the bank's stock after buying an additional 3,437 shares during the period. Geode Capital Management LLC owned approximately 0.89% of Magyar Bancorp worth $713,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.
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