Magyar Bancorp, Inc. Announces Quarterly Dividend of $0.10 (NASDAQ:MGYR)

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Thursday, May 7th will be paid a dividend of 0.10 per share by the bank on Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, May 7th.

Magyar Bancorp Trading Down 1.1%

Shares of MGYR stock opened at $17.70 on Friday. The stock has a market capitalization of $114.66 million, a P/E ratio of 10.23 and a beta of 0.23. The firm’s 50 day moving average is $17.59 and its 200 day moving average is $17.39. Magyar Bancorp has a 12 month low of $13.77 and a 12 month high of $20.00.

Magyar Bancorp (NASDAQ:MGYR) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $0.48 EPS for the quarter. The company had revenue of $10.09 million for the quarter. Magyar Bancorp had a net margin of 16.25% and a return on equity of 9.18%.

Institutional Trading of Magyar Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Truffle Hound Capital LLC increased its holdings in shares of Magyar Bancorp by 74.3% in the 3rd quarter. Truffle Hound Capital LLC now owns 162,486 shares of the bank’s stock worth $2,806,000 after buying an additional 69,245 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of Magyar Bancorp in the 4th quarter worth $544,000. Oppenheimer & Close LLC bought a new position in shares of Magyar Bancorp in the 3rd quarter worth $416,000. Geode Capital Management LLC increased its holdings in shares of Magyar Bancorp by 6.9% in the 2nd quarter. Geode Capital Management LLC now owns 62,433 shares of the bank’s stock worth $1,051,000 after buying an additional 4,027 shares during the last quarter. Finally, Maltese Capital Management LLC increased its holdings in shares of Magyar Bancorp by 1.4% in the 4th quarter. Maltese Capital Management LLC now owns 242,553 shares of the bank’s stock worth $4,191,000 after buying an additional 3,453 shares during the last quarter. Institutional investors own 46.32% of the company’s stock.

About Magyar Bancorp

Magyar Bancorp, Inc is a bank holding company headquartered in Palos Hills, Illinois, that provides a range of commercial banking services through its subsidiary, Magyar Bank. Established to serve the financial needs of individuals and businesses in the Chicago suburbs, the company offers traditional banking products alongside specialized lending solutions. Magyar Bancorp’s operations focus on relationship banking, emphasizing personalized service and community engagement.

The company’s product suite includes deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.