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NASDAQ:MGYR

Magyar Bancorp (MGYR) Stock Price, News & Analysis

Magyar Bancorp logo
$14.01 +0.03 (+0.21%)
As of 09:30 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

About Magyar Bancorp Stock (NASDAQ:MGYR)

Key Stats

Today's Range
$13.85
$13.85
50-Day Range
$13.97
$14.90
52-Week Range
$10.66
$14.90
Volume
212 shs
Average Volume
4,089 shs
Market Capitalization
$90.78 million
P/E Ratio
10.69
Dividend Yield
1.71%
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.

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Magyar Bancorp Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
75th Percentile Overall Score

MGYR MarketRank™: 

Magyar Bancorp scored higher than 75% of companies evaluated by MarketBeat, and ranked 386th out of 950 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Magyar Bancorp.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Magyar Bancorp is 10.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.35.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Magyar Bancorp is 10.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.41.

  • Price to Book Value per Share Ratio

    Magyar Bancorp has a P/B Ratio of 0.81. 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 1.9, 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 38.10%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Magyar Bancorp pays a meaningful dividend of 1.72%, 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 18.32%. 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 1.9, 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 38.10%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Magyar Bancorp has a news sentiment score of 1.38. 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 1.02 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.
  • MarketBeat Follows

    2 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 bought more of their company's stock than they have sold. Specifically, they have bought $6,530.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 7.40% of the stock of Magyar Bancorp is held by insiders.

  • 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

Why Buffett and 100 members of Congress are Piling into this One Investment
While everyone's distracted by the recent stock market rally and Trump's tariffs... There's a much bigger story that's flying under the radar for now: Why are Warren Buffett, Ken Griffin, Roman Abramovich, the Koch Brothers, Carlos Slim and at least 100 members of Congress all going against "conventional wisdom?" And why are they all piling into ONE overlooked corner of the stock market? It's not crypto... gold... or options strategies.
Magyar Bancorp Declares Special Cash Dividend
Magyar Bancorp declares special cash dividend of 4c per share
MAGYAR BANCORP, INC. DECLARES SPECIAL CASH DIVIDEND
See More Headlines

MGYR Stock Analysis - Frequently Asked Questions

Magyar Bancorp's stock was trading at $14.60 at the beginning of 2025. Since then, MGYR shares have decreased by 4.0% and is now trading at $14.0090.
View the best growth stocks for 2025 here
.

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced its quarterly earnings results on Thursday, January, 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter. Magyar Bancorp had a net margin of 15.25% and a trailing twelve-month return on equity of 7.49%.

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

Top institutional investors of Magyar Bancorp include PL Capital Advisors LLC (56.57%), Alliancebernstein L.P. (9.66%), M3F Inc. (6.59%) and Dimensional Fund Advisors LP (2.03%). Insiders that own company stock include Michael F Lombardi and Michael R Lombardi.
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.

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
1/23/2025
Record date for 2/20 Dividend
2/06/2025
Ex-Dividend for 2/20 Dividend
2/06/2025
Dividend Payable
2/20/2025
Today
3/31/2025
Next Earnings (Estimated)
4/21/2025
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
Fax
N/A
Employees
90
Year Founded
1922

Profitability

Trailing P/E Ratio
10.67
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$7.78 million
Pretax Margin
21.60%

Debt

Sales & Book Value

Annual Sales
$32.13 million
Cash Flow
$1.28 per share
Price / Cash Flow
10.90
Book Value
$17.24 per share
Price / Book
0.81

Miscellaneous

Free Float
6,000,000
Market Cap
$90.59 million
Optionable
Not Optionable
Beta
0.29

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This page (NASDAQ:MGYR) was last updated on 3/31/2025 by MarketBeat.com Staff
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