Magyar Bancorp (MGYR) Set to Announce Earnings on Tuesday

Magyar Bancorp (NASDAQ:MGYR) is set to post its quarterly earnings results on Tuesday, January 23rd.

Magyar Bancorp (NASDAQ:MGYR) last posted 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 2.93% and a net margin of 5.93%. The business had revenue of $5.32 million during the quarter.

Magyar Bancorp (NASDAQ:MGYR) opened at $12.62 on Tuesday. Magyar Bancorp has a 12-month low of $12.00 and a 12-month high of $14.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $73.46, a PE ratio of 52.59 and a beta of -0.09.

An institutional investor recently bought a new position in Magyar Bancorp stock. State Street Corp acquired a new position in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 14.78% 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.

Earnings History for Magyar Bancorp (NASDAQ:MGYR)

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