The stock price of Magyar Bancorp, Inc. (NASDAQ:MGYR – Get Free Report) rose above its 200-day moving average on Friday. The stock has a 200-day moving average of $11.24 and was trading at a price of $11.80. Magyar Bancorp shares last traded at $11.80, with volume of 409 shares changing hands.

Magyar Bancorp Price Development

The company has a market cap of $77.76 million, a price-to-earnings ratio of 9.83, and a beta of 0.28. The company has a fifty-day moving average price of $11.17 and a two-hundred-day moving average price of $11.24.

Magyar Bancorp (NASDAQ:MGYR – Get Free Report) last released its quarterly earnings results on Tuesday, April 23. The bank reported $0.30 earnings per share for the quarter. Magyar Bancorp had a net margin of 16.44% and a return on equity of 7.26%. The company had revenue of $7.55 million for the quarter.

Magyar Bancorp announces dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th were given a dividend of $0.05. This represents an annualized dividend of $0.20 and a yield of 1.69%. The ex-dividend date for this dividend was Monday, May 6th. Magyar Bancorp’s payout ratio is 16.67%.

Hedge funds weigh Magyar Bancorp

A hedge fund recently purchased a new stake in shares of Magyar Bancorp. BHZ Capital Management LP bought a new position in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR – Free Report) during the 4th quarter, according to the latest filing with the Securities and Exchange Commission (SEC). The company bought 28,366 shares of the bank’s stock, valued at approximately $318,000. BHZ Capital Management LP owned 0.43% of Magyar Bancorp at the time of the most recent SEC filing. 46.32% of the shares are currently held by institutional investors.

About Magyar Bancorp

(Get free report)

Magyar Bancorp, Inc operates as a holding company for Magyar Bank which provides various consumer and commercial banking services to individuals, businesses and non-profit organizations in New Jersey, United States. It accepts various deposit accounts including demand, savings, NOW, money market and retirement accounts as well as certificates of deposit.

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