Magyar Bancorp (NASDAQ:MGYR) Stock Price Crosses Above 200-Day Moving Average of $11.50

Magyar Bancorp, Inc. (NASDAQ:MGYR)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.50 and traded as high as $12.50. Magyar Bancorp shares last traded at $12.50, with a volume of 19,237 shares traded.

Magyar Bancorp Stock Up 1.9 %

The business has a 50-day moving average price of $12.25 and a 200-day moving average price of $11.50. The firm has a market capitalization of $82.43 million, a P/E ratio of 10.42 and a beta of 0.27.

Magyar Bancorp (NASDAQ:MGYR) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $0.27 earnings per share for the quarter. Magyar Bancorp had a net margin of 15.19% and a return on equity of 6.94%. The firm had revenue of $7.19 million for the quarter.

Magyar Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.60%. The ex-dividend date was Thursday, August 8th. Magyar Bancorp’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Magyar Bancorp stock. BHZ Capital Management LP bought a new position in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 end of the most recent reporting period. 46.32% of the stock is owned by institutional investors.

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.