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

Magyar Bancorp, Inc. (NASDAQ:MGYR – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, August 6th will be paid a dividend of 0.10 per share by the bank on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 6th.

Magyar Bancorp Price Performance

MGYR opened at $17.48 on Friday. Magyar Bancorp has a 12 month low of $16.03 and a 12 month high of $20.00. The stock has a market cap of $112.92 million, a P/E ratio of 9.82 and a beta of 0.22. The stock’s 50 day moving average price is $17.47 and its 200 day moving average price is $17.58.

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Magyar Bancorp (NASDAQ:MGYR – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.49 earnings per share (EPS) for the quarter. Magyar Bancorp had a return on equity of 9.28% and a net margin of 18.32%.The company had revenue of $10.24 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Magyar Bancorp in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Magyar Bancorp currently has a consensus rating of “Hold”.

Read Our Latest Stock Report on MGYR

About Magyar Bancorp

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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.

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