Magyar Bancorp (NASDAQ:MGYR) Stock Price Passes Above 200 Day Moving Average of $11.19

Magyar Bancorp, Inc. (NASDAQ:MGYR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.19 and traded as high as $11.24. Magyar Bancorp shares last traded at $11.24, with a volume of 2,360 shares traded.

Magyar Bancorp Stock Up 2.3 %

The firm’s 50 day simple moving average is $11.04 and its 200 day simple moving average is $11.19. The company has a market capitalization of $74.07 million, a PE ratio of 9.37 and a beta of 0.27.

Magyar Bancorp (NASDAQ:MGYR) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $7.55 million during the quarter. Magyar Bancorp had a net margin of 16.44% and a return on equity of 7.26%.

Magyar Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Monday, May 6th. Magyar Bancorp’s dividend payout ratio is currently 16.67%.

Institutional Trading of Magyar Bancorp

An institutional investor recently bought a new position in Magyar Bancorp stock. BHZ Capital Management LP acquired a new stake in Magyar Bancorp, Inc. (NASDAQ:MGYR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,366 shares of the bank’s stock, valued at approximately $318,000. BHZ Capital Management LP owned approximately 0.43% of Magyar Bancorp at the end of the most recent reporting period. 46.32% of the stock is currently owned by institutional investors.

About Magyar Bancorp

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.