Magyar Bancorp (NASDAQ:MGYR) Stock Price Crosses Above 200-Day Moving Average of $11.54

Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.54 and traded as high as $12.34. Magyar Bancorp shares last traded at $12.32, with a volume of 1,627 shares changing hands.

Magyar Bancorp Trading Down 2.0 %

The firm has a market cap of $81.24 million, a price-to-earnings ratio of 10.27 and a beta of 0.27. The firm has a 50 day moving average price of $12.32 and a 200-day moving average price of $11.54.

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

Magyar Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, August 8th. Magyar Bancorp’s payout ratio is 16.67%.

Institutional Trading of Magyar Bancorp

A hedge fund recently bought a new stake in Magyar Bancorp stock. BHZ Capital Management LP purchased a new position in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,366 shares of the bank’s stock, valued at approximately $318,000. BHZ Capital Management LP owned about 0.43% of Magyar Bancorp at the end of the most recent reporting period. 46.32% of the stock is owned by hedge funds and other 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.