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NASDAQ:MGYR

Magyar Bancorp (MGYR) Stock Price, News & Analysis

Magyar Bancorp logo
$12.22
-0.10 (-0.81%)
(As of 11/1/2024 ET)

About Magyar Bancorp Stock (NASDAQ:MGYR)

Key Stats

Today's Range
$12.15
$12.39
50-Day Range
$12.15
$12.57
52-Week Range
$9.01
$12.71
Volume
8,882 shs
Average Volume
4,669 shs
Market Capitalization
$79.31 million
P/E Ratio
10.44
Dividend Yield
1.64%
Price Target
N/A
Consensus Rating
N/A

Company Overview

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. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

Magyar Bancorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
73rd Percentile Overall Score

MGYR MarketRank™: 

Magyar Bancorp scored higher than 73% of companies evaluated by MarketBeat, and ranked 392nd out of 949 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Magyar Bancorp is 10.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.35.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Magyar Bancorp is 10.44, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 43.20.

  • Price to Book Value per Share Ratio

    Magyar Bancorp has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Magyar Bancorp's valuation and earnings.
  • Percentage of Shares Shorted

    0.07% of the float of Magyar Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    Magyar Bancorp has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Magyar Bancorp has recently decreased by 40.32%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Magyar Bancorp pays a meaningful dividend of 1.62%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Magyar Bancorp does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Magyar Bancorp is 17.09%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Magyar Bancorp's dividend.
  • Percentage of Shares Shorted

    0.07% of the float of Magyar Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    Magyar Bancorp has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Magyar Bancorp has recently decreased by 40.32%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Magyar Bancorp has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Magyar Bancorp this week, compared to 0 articles on an average week.
  • MarketBeat Follows

    1 people have added Magyar Bancorp to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Magyar Bancorp insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    10.50% of the stock of Magyar Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    46.32% of the stock of Magyar Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Magyar Bancorp's insider trading history.
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MGYR Stock News Headlines

Musk Says ‘Dollar Will Be Worth Nothing…’
Elon Musk just issued an urgent warning… It's no secret that Musk is able to move markets with his words…
Magyar Bancorp Insider Ups Holding During Year
Magyar Bancorp GAAP EPS of $0.27
See More Headlines

MGYR Stock Analysis - Frequently Asked Questions

Magyar Bancorp's stock was trading at $11.23 at the start of the year. Since then, MGYR shares have increased by 8.8% and is now trading at $12.22.
View the best growth stocks for 2024 here
.

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced its quarterly earnings data on Thursday, July, 23rd. The bank reported $0.09 EPS for the quarter. The bank earned $5.94 million during the quarter. Magyar Bancorp had a net margin of 15.19% and a trailing twelve-month return on equity of 6.94%.

The following companies are subsidiaries of Magyar Bancorp: Magbank Investment Company, and Magyar Service Corp..

Magyar Bancorp's top institutional shareholders include Private Advisor Group LLC (0.17%).
View institutional ownership trends
.

Shares of MGYR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Magyar Bancorp investors own include Lincoln National (LNC), AT&T (T), Dominion Energy (D), Huntington Bancshares (HBAN), Walgreens Boots Alliance (WBA), Energy Transfer (ET) and Verizon Communications (VZ).

Company Calendar

Last Earnings
7/23/2020
Ex-Dividend for 8/22 Dividend
8/08/2024
Dividend Payable
8/22/2024
Today
11/02/2024
Next Earnings (Estimated)
1/23/2025
Fiscal Year End
9/30/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:MGYR
Fax
N/A
Employees
90
Year Founded
1922

Profitability

Net Income
$7.71 million
Pretax Margin
20.10%

Debt

Sales & Book Value

Annual Sales
$40.75 million
Cash Flow
$1.29 per share
Book Value
$15.73 per share

Miscellaneous

Free Float
5,809,000
Market Cap
$79.31 million
Optionable
Not Optionable
Beta
0.27

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This page (NASDAQ:MGYR) was last updated on 11/2/2024 by MarketBeat.com Staff
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