Magyar Bancorp (NASDAQ:MGYR) Stock Price Crosses Above Two Hundred Day Moving Average of $11.19

Magyar Bancorp, Inc. (NASDAQ:MGYR)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.19 and traded as high as $11.24. Magyar Bancorp shares last traded at $11.24, with a volume of 2,360 shares trading hands.

Magyar Bancorp Stock Performance

The firm’s 50-day moving average price is $11.04 and its two-hundred day moving average price is $11.20. The firm has a market capitalization of $74.07 million, a price-to-earnings ratio of 9.37 and a beta of 0.27.

Magyar Bancorp (NASDAQ:MGYR) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.30 EPS for the quarter. The firm had revenue of $7.55 million for the quarter. Magyar Bancorp had a net margin of 16.44% and a return on equity of 7.26%.

Magyar Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th were given a $0.05 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. Magyar Bancorp’s dividend payout ratio (DPR) is presently 16.67%.

Hedge Funds Weigh In On Magyar Bancorp

A hedge fund recently bought a new stake in Magyar Bancorp stock. BHZ Capital Management LP purchased a new stake in Magyar Bancorp, Inc. (NASDAQ:MGYR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,366 shares of the bank’s stock, valued at approximately $318,000. BHZ Capital Management LP owned approximately 0.43% of Magyar Bancorp as of its most recent SEC filing. 46.32% of the stock is owned by hedge funds and other institutional investors.

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.