Magyar Bancorp (NASDAQ:MGYR) Stock Passes Above 200-Day Moving Average – Time to Sell?

Posted by Francis Steltz on Aug 7th, 2026

Magyar Bancorp, Inc. (NASDAQ:MGYR – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.67 and traded as high as $20.00. Magyar Bancorp shares last traded at $19.12, with a volume of 893 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magyar Bancorp in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Check Out Our Latest Report on Magyar Bancorp

Magyar Bancorp Stock Performance

The company has a market cap of $123.12 million, a price-to-earnings ratio of 10.19 and a beta of 0.24. The company has a 50-day simple moving average of $17.82 and a 200-day simple moving average of $17.69.

Magyar Bancorp (NASDAQ:MGYR – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.49 earnings per share for the quarter. Magyar Bancorp had a return on equity of 9.69% and a net margin of 18.89%.The firm had revenue of $10.24 million for the quarter.

Magyar Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.1%. Magyar Bancorp’s payout ratio is currently 21.39%.

Hedge Funds Weigh In On Magyar Bancorp

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Magyar Bancorp by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 135,352 shares of the bank’s stock valued at $2,311,000 after acquiring an additional 737 shares during the last quarter. Maltese Capital Management LLC grew its holdings in Magyar Bancorp by 1.4% during the 4th quarter. Maltese Capital Management LLC now owns 242,553 shares of the bank’s stock valued at $4,191,000 after buying an additional 3,453 shares during the last quarter. M3F Inc. raised its holdings in shares of Magyar Bancorp by 1.3% in the first quarter. M3F Inc. now owns 283,894 shares of the bank’s stock worth $4,914,000 after acquiring an additional 3,544 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Magyar Bancorp by 6.9% during the second quarter. Geode Capital Management LLC now owns 62,433 shares of the bank’s stock valued at $1,051,000 after acquiring an additional 4,027 shares during the last quarter. Finally, BlackRock Inc. acquired a new position in Magyar Bancorp in the 2nd quarter valued at about $359,000. 46.32% of the stock is owned by hedge funds and other institutional investors.

About Magyar Bancorp

(Get Free Report)

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.