Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report)'s stock price crossed 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 traded.
Magyar Bancorp Stock Down 3.5 %
The firm has a fifty day simple moving average of $13.84 and a 200-day simple moving average of $12.73. The company has a market cap of $88.75 million, a PE ratio of 11.05 and a beta of 0.30.
Magyar Bancorp Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders 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%.
Institutional Investors Weigh In On Magyar Bancorp
A hedge fund recently bought a new stake in Magyar Bancorp stock. Private Advisor Group LLC purchased a new position in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,064 shares of the bank's stock, valued at approximately $136,000. Private Advisor Group LLC owned about 0.17% of Magyar Bancorp as of its most recent SEC filing. 46.32% of the stock is owned by institutional investors and hedge funds.
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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