Insider Buying: Magyar Bancorp Director Acquires 4,500 Shares of Stock (MGYR)
Magyar Bancorp (NASDAQ:MGYR) Director Joseph A. Yelencsics acquired 4,500 shares of Magyar Bancorp stock on the open market in a transaction dated Tuesday, June 3rd. The stock was purchased at an average price of $7.90 per share, with a total value of $35,550.00. Following the completion of the acquisition, the director now directly owns 10,652 shares of the company’s stock, valued at approximately $84,151. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Magyar Bancorp (NASDAQ:MGYR) opened at 7.97 on Friday. Magyar Bancorp has a 52-week low of $4.94 and a 52-week high of $8.25. The stock has a 50-day moving average of $7.94 and a 200-day moving average of $7.71. The company has a market cap of $46.3 million and a P/E ratio of 89.55.
Magyar Bancorp, Inc is the mid-tier stock holding company of Magyar Bank (NASDAQ:MGYR).
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