PL Capital Advisors LLC Sells 14,000 Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR)

PL Capital Advisors LLC decreased its position in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) by 5.2% in the 4th quarter, HoldingsChannel reports. The firm owned 254,557 shares of the bank’s stock after selling 14,000 shares during the quarter. Magyar Bancorp accounts for 1.0% of PL Capital Advisors LLC’s portfolio, making the stock its 25th largest holding. PL Capital Advisors LLC’s holdings in Magyar Bancorp were worth $2,857,000 as of its most recent SEC filing.

Magyar Bancorp Stock Up 1.2 %

MGYR opened at $11.39 on Friday. The stock has a market capitalization of $75.74 million, a price-to-earnings ratio of 9.49 and a beta of 0.32. Magyar Bancorp, Inc. has a twelve month low of $9.00 and a twelve month high of $12.00. The company has a 50-day simple moving average of $11.19 and a 200 day simple moving average of $10.74.

Magyar Bancorp (NASDAQ:MGYR) last issued its earnings results on Thursday, January 25th. The bank reported $0.26 EPS for the quarter. The firm had revenue of $7.85 million during the quarter. Magyar Bancorp had a return on equity of 7.31% and a net margin of 16.44%.

Magyar Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, May 6th. Magyar Bancorp’s dividend payout ratio is currently 16.67%.

Magyar Bancorp 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.