First Manhattan Co. Has $300,000 Position in Magyar Bancorp, Inc. (MGYR)
First Manhattan Co. held its stake in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) during the second quarter, Holdings Channel reports. The firm owned 22,939 shares of the bank’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Magyar Bancorp were worth $300,000 at the end of the most recent reporting period.
Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) opened at 13.1499 on Thursday. The firm has a 50 day moving average price of $13.23 and a 200 day moving average price of $12.98. The stock has a market capitalization of $76.53 million, a PE ratio of 60.5986 and a beta of -0.07. Magyar Bancorp, Inc. has a one year low of $9.75 and a one year high of $14.95.
Magyar Bancorp (NASDAQ:MGYR) last released its earnings results on Monday, July 24th. The bank reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $4.97 million during the quarter. Magyar Bancorp had a return on equity of 2.68% and a net margin of 5.48%.
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Magyar Bancorp Company Profile
Magyar Bancorp, Inc is a holding company of Magyar Bank (the Bank). The Bank’s principal business consists of attracting retail deposits from the public in the areas surrounding its main office in New Brunswick, New Jersey and its branch offices located in Middlesex and Somerset Counties, New Jersey.
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