Geode Capital Management LLC Has $713,000 Stock Holdings in Magyar Bancorp, Inc. (NASDAQ:MGYR)

Geode Capital Management LLC lifted its position in Magyar Bancorp, Inc. (NASDAQ:MGYR) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,876 shares of the bank’s stock after acquiring an additional 3,437 shares during the period. Geode Capital Management LLC owned approximately 0.89% of Magyar Bancorp worth $713,000 at the end of the most recent quarter.

Separately, Private Advisor Group LLC acquired a new stake in shares of Magyar Bancorp in the 3rd quarter valued at approximately $136,000. 46.32% of the stock is currently owned by hedge funds and other institutional investors.

Magyar Bancorp Price Performance

Shares of NASDAQ:MGYR opened at $13.70 on Friday. The company has a market capitalization of $88.75 million, a price-to-earnings ratio of 11.05 and a beta of 0.30. The firm’s 50 day simple moving average is $13.84 and its 200 day simple moving average is $12.74. Magyar Bancorp, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $14.74.

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 issued a dividend of $0.04 per share. The ex-dividend date was Friday, December 6th. Magyar Bancorp’s dividend payout ratio (DPR) is currently 16.13%.

Magyar Bancorp Company Profile

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.