Magyar Bancorp (MGYR) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $13.76 to $14.20
• 50-Day Range: $12.17 to $14.18
• 52-Week Range: $9.75 to $14.30
• Volume: 3,089 shs
• Average Volume: 4,868 shs
• Market Capitalization: $92.16 million
• P/E Ratio: 11.45
• Dividend Yield: 1.41%
• Price Target: N/A
• Consensus Rating: N/A

Magyar Bancorp Stock Analysis - MarketRank™

Magyar Bancorp scored higher than 45% of companies evaluated by MarketBeat, and ranked 696th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Magyar Bancorp.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Magyar Bancorp is 11.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Magyar Bancorp is 11.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.13.

Price to Book Value per Share Ratio

Magyar Bancorp has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.10% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Magyar Bancorp has recently increased by 54.29%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Magyar Bancorp pays a meaningful dividend of 1.41%, 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 16.13%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.10% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Magyar Bancorp has recently increased by 54.29%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.20

News Sentiment

Magyar Bancorp has a news sentiment score of 0.20. 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 lower news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Magyar Bancorp this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

MGYR Stock Analysis - Frequently Asked Questions

How have MGYR shares performed this year?

Magyar Bancorp's stock was trading at $11.23 at the beginning of the year. Since then, MGYR shares have increased by 26.4% and is now trading at $14.20.
View the best growth stocks for 2024 here.

How were Magyar Bancorp's earnings last quarter?

Magyar Bancorp, Inc. (NASDAQ:MGYR) posted its quarterly earnings results 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 trailing twelve-month return on equity of 7.22% and a net margin of 14.91%.

Does Magyar Bancorp have any subsidiaries?

Magyar Bancorp subsidiaries include Magbank Investment Company, and Magyar Service Corp..

Who are Magyar Bancorp's major shareholders?

Top institutional shareholders of Magyar Bancorp include Geode Capital Management LLC (0.89%) and Private Advisor Group LLC (0.17%).
View institutional ownership trends.

How do I buy shares of Magyar Bancorp?

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.

What other stocks do shareholders of Magyar Bancorp own?

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 11/27 Dividend: 11/14/2024
• Dividend Payable: 11/27/2024
• Today: 12/03/2024
• Ex-Dividend for 12/20 Dividend: 12/06/2024
• Dividend Payable: 12/20/2024
• Next Earnings (Estimated): 1/23/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Federal savings institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:MGYR
• CUSIP: N/A
• CIK: 1337068
• Web: www.magbank.com
• Phone: (732) 342-7600
• Fax: N/A
• Employees: 90
• Year Founded: 1922

Profitability

• EPS (Most Recent Fiscal Year): $1.24
• Trailing P/E Ratio: 11.10
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $7.78 million
• Net Margins: 14.91%
• Pretax Margin: 20.10%
• Return on Equity: 7.22%
• Return on Assets: 0.84%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.97
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $52.18 million
• Price / Sales: 1.71
• Cash Flow: $1.26 per share
• Price / Cash Flow: 10.88
• Book Value: $15.73 per share
• Price / Book: 0.87

Miscellaneous

• Outstanding Shares: 6,490,000
• Free Float: 5,809,000
• Market Cap: $89.30 million
• Optionable: Not Optionable
• Beta: 0.31