Magyar Bancorp, Inc. (MGYR) to Release Quarterly Earnings on Tuesday
Magyar Bancorp (NASDAQ:MGYR) last posted its quarterly earnings results on Monday, July 24th. The bank reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $4.97 million for the quarter. Magyar Bancorp had a return on equity of 2.67% and a net margin of 5.48%.
Magyar Bancorp, Inc. (MGYR) opened at 12.74 on Tuesday. The company has a market capitalization of $74.15 million, a PE ratio of 57.91 and a beta of -0.10. The firm’s 50 day moving average price is $12.30 and its 200-day moving average price is $12.73. Magyar Bancorp, Inc. has a 12-month low of $10.30 and a 12-month high of $14.95.
An institutional investor recently bought a new position in Magyar Bancorp stock. State Street Corp bought a new stake in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,445 shares of the bank’s stock, valued at approximately $463,000. State Street Corp owned 0.59% of Magyar Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 14.59% of the company’s stock.
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Magyar Bancorp Company Profile
Magyar Bancorp, Inc is a holding company of Magyar Bank (the Bank). The Bank’s principal business consists of attracting retail deposits from the public in the areas surrounding its main office in New Brunswick, New Jersey and its branch offices located in Middlesex and Somerset Counties, New Jersey.
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