Insider Buying: Magyar Bancorp CEO Acquires 1,000 Shares of Stock (MGYR)
Magyar Bancorp (NASDAQ:MGYR) CEO John S. Fitzgerald purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $7.93 per share, for a total transaction of $7,930.00. Following the completion of the purchase, the chief executive officer now directly owns 26,752 shares in the company, valued at approximately $212,143. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Magyar Bancorp (NASDAQ:MGYR) opened at 7.95 on Friday. Magyar Bancorp has a 1-year low of $7.07 and a 1-year high of $8.25. The stock’s 50-day moving average is $7.77 and its 200-day moving average is $7.86. The company has a market cap of $46.2 million and a price-to-earnings ratio of 76.44.
Magyar Bancorp, Inc is the mid-tier stock holding company of Magyar Bank (NASDAQ:MGYR).
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