Magyar Bancorp, Inc. (MGYR) Announces Quarterly Earnings Results
Magyar Bancorp, Inc. (NASDAQ:MGYR) posted its earnings results on Thursday. The bank reported $0.08 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $5.32 million for the quarter. Magyar Bancorp had a return on equity of 2.95% and a net margin of 5.93%.
Magyar Bancorp (NASDAQ MGYR) traded down $0.12 during trading hours on Friday, hitting $12.20. The company’s stock had a trading volume of 2,985 shares, compared to its average volume of 386. The stock has a market cap of $70.78 million, a PE ratio of 50.67 and a beta of -0.08. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.66.
A hedge fund recently bought a new stake in Magyar Bancorp stock. State Street Corp acquired a new stake in Magyar Bancorp, Inc. (NASDAQ:MGYR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,445 shares of the bank’s stock, valued at approximately $463,000. State Street Corp owned about 0.59% of Magyar Bancorp as of its most recent SEC filing. Institutional investors and hedge funds own 14.59% of the company’s stock.
About Magyar Bancorp
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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