Magyar Bancorp (NASDAQ:MGYR – Get Free Report) posted its earnings results on Thursday. The bank reported $0.33 EPS for the quarter, Zacks reports. Magyar Bancorp had a return on equity of 7.18% and a net margin of 14.91%.
Magyar Bancorp Stock Performance
MGYR stock traded up $0.13 during midday trading on Thursday, reaching $14.31. 459 shares of the company traded hands, compared to its average volume of 1,663. The firm has a market capitalization of $94.04 million, a price-to-earnings ratio of 11.54 and a beta of 0.30. Magyar Bancorp has a 52-week low of $10.30 and a 52-week high of $14.74. The business has a 50 day moving average of $14.14 and a 200-day moving average of $12.92.
Magyar Bancorp Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, December 6th. Magyar Bancorp’s dividend payout ratio is currently 16.13%.
About Magyar Bancorp
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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