Magyar Bancorp, Inc. (NASDAQ:MGYR) insider John S. Fitzgerald purchased 976 shares of Magyar Bancorp stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $12.81 per share, with a total value of $12,502.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Magyar Bancorp, Inc. (MGYR) traded up $0.29 during trading hours on Tuesday, reaching $13.10. The company’s stock had a trading volume of 800 shares, compared to its average volume of 2,164. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Magyar Bancorp, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $14.95. The company has a market cap of $74.54, a PE ratio of 53.36 and a beta of -0.09.

Magyar Bancorp (NASDAQ:MGYR) last issued its quarterly earnings data on Thursday, November 2nd. The bank reported $0.08 earnings per share for the quarter. Magyar Bancorp had a return on equity of 2.95% and a net margin of 5.93%. The business had revenue of $5.32 million for the quarter.

An institutional investor recently bought a new position in Magyar Bancorp stock. State Street Corp acquired a new stake in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,445 shares of the bank’s stock, valued at approximately $463,000. State Street Corp owned approximately 0.59% of Magyar Bancorp at the end of the most recent quarter. 14.78% of the stock is currently owned by institutional investors and hedge funds.

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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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