How to buy Magyar Bancorp stock (MGYR)

Magyar Bancorp is a banks - regional business based in the US. Magyar Bancorp shares (MGYR) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $14.68 – an increase of 0.2% over the previous week.

Our top picks for where to buy Magyar Bancorp stock

Buy Magyar Bancorp stock from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

Magyar Bancorp stock price (NASDAQ: MGYR)

Use our graph to track the performance of MGYR stocks over time.

Magyar Bancorp shares at a glance

• Key figures

Information last updated 2024-12-22.

Latest market close	$14.68
52-week range	$10.14 - $14.70
50-day moving average more info button	$12.43
200-day moving average more info button	$11.71
Wall St. target price	$13.00
PE ratio more info button	10.7642
Dividend yield more info button	$0.2 (1.54%)
Earnings per share (TTM) more info button	$1.23

Is it a good time to buy Magyar Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Magyar Bancorp price performance over time

Historical closes compared with the close of $14.32 from 2024-12-26

1 week (2024-12-20)	-2.25%
1 month (2024-11-27)	2.95%
3 months (2024-09-27)	13.92%
6 months (2024-06-27)	30.30%

1 year (2023-12-28)	27.29%
2 years (2022-12-28)	14.52%
3 years (2021-12-28)	23.51%
5 years (2019-12-24)	N/A

Is Magyar Bancorp stock undervalued or overvalued?

Valuing Magyar Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Magyar Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Magyar Bancorp's P/E ratio

Magyar Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Magyar Bancorp shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Magyar Bancorp financials

Revenue TTM	$31.5 million
Operating margin TTM	44.23%
Gross profit TTM	$29.4 million
Return on assets TTM	0.84%
Return on equity TTM	7.23%
Profit margin	24.71%
Book value	$17.83
Market Capitalization more info button	$85.9 million

TTM: trailing 12 months

Magyar Bancorp share dividends

Dividend payout ratio: 24.25% of net profits

Recently Magyar Bancorp has paid out, on average, around 0% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Magyar Bancorp shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Magyar Bancorp's case, that would currently equate to about $0.2 per share.

While Magyar Bancorp's payout ratio might seem low, this can signify that Magyar Bancorp is investing more in its future growth.

Magyar Bancorp's most recent dividend payout was on 21 August 2024. The latest dividend was paid out to all shareholders who bought their shares by 13 November 2024 (the "ex-dividend date").

Have Magyar Bancorp's shares ever split?

Magyar Bancorp's shares were split on a 1221:1000 basis on 14 July 2021 . So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1221 shares. This wouldn't directly have changed the overall worth of your Magyar Bancorp shares – just the quantity. However, indirectly, the new 18.1% lower share price could have impacted the market appetite for Magyar Bancorp shares which in turn could have impacted Magyar Bancorp's share price.

Magyar Bancorp share price volatility

Over the last 12 months, Magyar Bancorp's shares have ranged in value from as little as $10.1439 up to $14.6993. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Magyar Bancorp's is 0.276. This would suggest that Magyar Bancorp's shares are less volatile than average (for this exchange).

Magyar Bancorp overview

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. The company also provides one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

Frequently asked questions

What percentage of Magyar Bancorp is owned by insiders or institutions?
Currently 17.638% of Magyar Bancorp shares are held by insiders and 31.75% by institutions. When does the fiscal year end for Magyar Bancorp?
Magyar Bancorp's fiscal year ends in September. Where is Magyar Bancorp based?
Magyar Bancorp's address is: 400 Somerset Street, New Brunswick, NJ, United States, 08901 What is Magyar Bancorp's ISIN number?
Magyar Bancorp's international securities identification number is: US55977T2087 What is Magyar Bancorp's CUSIP number?
Magyar Bancorp's Committee on Uniform Securities Identification Procedures number is: 55977T109