Magyar Bancorp, Inc. (NASDAQ:MGYR – Get Free Report) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.06 per share by the bank on Thursday, February 20th. This represents a $0.24 annualized dividend and a yield of 1.68%. This is an increase from Magyar Bancorp’s previous quarterly dividend of $0.05.
Magyar Bancorp Stock Up 0.9 %
NASDAQ:MGYR opened at $14.31 on Friday. The stock has a market cap of $94.04 million, a price-to-earnings ratio of 11.54 and a beta of 0.30. The company’s 50 day moving average price is $14.14 and its 200-day moving average price is $12.92. Magyar Bancorp has a 52 week low of $10.30 and a 52 week high of $14.74.
Magyar Bancorp (NASDAQ:MGYR – Get Free Report) last issued its earnings results on Thursday, January 23rd. The bank reported $0.33 EPS for the quarter. Magyar Bancorp had a return on equity of 7.18% and a net margin of 14.91%.
Magyar Bancorp Company Profile
Magyar Bancorp, Inc operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit.
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