PL Capital Advisors LLC held its stake in Magyar Bancorp, Inc. (NASDAQ:MGYR) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 539,833 shares of the bank’s stock at the end of the second quarter. Magyar Bancorp makes up approximately 1.9% of PL Capital Advisors LLC’s portfolio, making the stock its 18th largest position. PL Capital Advisors LLC owned 0.09% of Magyar Bancorp worth $7,083,000 as of its most recent filing with the SEC.

Shares of Magyar Bancorp, Inc. (MGYR) opened at 13.1499 on Thursday. Magyar Bancorp, Inc. has a 12-month low of $9.75 and a 12-month high of $14.95. The company has a market cap of $76.53 million, a PE ratio of 60.5986 and a beta of -0.07. The stock’s 50 day moving average price is $13.23 and its 200-day moving average price is $12.98.

Magyar Bancorp (NASDAQ:MGYR) last announced its earnings results on Monday, July 24th. The bank reported $0.05 earnings per share (EPS) for the quarter. Magyar Bancorp had a net margin of 5.48% and a return on equity of 2.68%. The company had revenue of $4.97 million for the quarter.

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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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