Somewhat Positive Press Coverage Somewhat Unlikely to Affect Magyar Bancorp (MGYR) Share Price
Press coverage about Magyar Bancorp (NASDAQ:MGYR) has been trending somewhat positive on Tuesday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Magyar Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.148237096937 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Magyar Bancorp (NASDAQ MGYR) traded down 0.62% during trading on Tuesday, reaching $12.80. 224 shares of the company were exchanged. Magyar Bancorp has a 1-year low of $9.75 and a 1-year high of $14.95. The company’s 50-day moving average is $13.20 and its 200 day moving average is $12.97. The firm has a market capitalization of $74.50 million, a PE ratio of 58.99 and a beta of -0.07.
Magyar Bancorp (NASDAQ:MGYR) last posted its quarterly earnings results on Monday, July 24th. The bank reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $4.97 million during the quarter. Magyar Bancorp had a net margin of 5.48% and a return on equity of 2.68%.
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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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