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 $13.82 and traded as high as $13.97. Magyar Bancorp shares last traded at $13.81, with a volume of 508 shares changing hands.
Magyar Bancorp Price Performance
The company's 50 day simple moving average is $14.18 and its 200 day simple moving average is $13.85. The stock has a market cap of $91.17 million, a P/E ratio of 10.74 and a beta of 0.08.
Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.33 EPS for the quarter. Magyar Bancorp had a net margin of 15.25% and a return on equity of 7.49%.
Magyar Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, February 6th. This is a boost from Magyar Bancorp's previous quarterly dividend of $0.05. Magyar Bancorp's payout ratio is 18.32%.
Institutional Trading of Magyar Bancorp
Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Magyar Bancorp by 0.7% in 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 in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Magyar Bancorp by 16.1% during the fourth quarter. Renaissance Technologies LLC now owns 16,586 shares of the bank's stock worth $242,000 after acquiring an additional 2,300 shares during the period. Geode Capital Management LLC lifted its position in 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 acquiring an additional 3,437 shares in the last quarter. Northern Trust Corp boosted its stake in Magyar Bancorp by 37.2% in the 4th quarter. Northern Trust Corp now owns 27,674 shares of the bank's stock worth $404,000 after purchasing an additional 7,501 shares during the period. Finally, PL Capital Advisors LLC increased its holdings in Magyar Bancorp by 1,360.0% during the 4th quarter. PL Capital Advisors LLC now owns 3,716,532 shares of the bank's stock worth $54,261,000 after purchasing an additional 3,461,975 shares in the last quarter. 46.32% of the stock is owned by institutional investors.
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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