Magyar Bancorp, Inc. (NASDAQ:MGYR – Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.53 and traded as high as $14.68. Magyar Bancorp shares last traded at $14.26, with a volume of 2,957 shares traded.
Magyar Bancorp Trading Down 1.8 %
The stock has a market cap of $92.37 million, a price-to-earnings ratio of 10.88 and a beta of 0.29. The stock’s 50-day moving average price is $14.44 and its 200-day moving average price is $13.53.
Magyar Bancorp (NASDAQ:MGYR – Get Free Report) last issued 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 return on equity of 7.49%.
Magyar Bancorp Increases Dividend
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. PL Capital Advisors LLC lifted its position in shares of Magyar Bancorp by 1,360.0% during the 4th quarter. PL Capital Advisors LLC now owns 3,716,532 shares of the bank’s stock valued at $54,261,000 after acquiring an additional 3,461,975 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Magyar Bancorp by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 133,227 shares of the bank’s stock valued at $1,930,000 after acquiring an additional 974 shares during the period. Geode Capital Management LLC lifted its position in shares of Magyar Bancorp by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 57,876 shares of the bank’s stock valued at $713,000 after acquiring an additional 3,437 shares during the period. Northern Trust Corp lifted its position in shares of Magyar Bancorp by 37.2% during the 4th quarter. Northern Trust Corp now owns 27,674 shares of the bank’s stock valued at $404,000 after acquiring an additional 7,501 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Magyar Bancorp by 16.1% during the 4th quarter. Renaissance Technologies LLC now owns 16,586 shares of the bank’s stock valued at $242,000 after acquiring an additional 2,300 shares during the period. Institutional investors and hedge funds own 46.32% of the company’s stock.
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.
Read More
- Five stocks we like better than Magyar Bancorp
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Why Invest in 5G? How to Invest in 5G Stocks
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- What is the Nikkei 225 index?
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Magyar Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magyar Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.