Magyar Bancorp, Inc. (MGYR) To Go Ex-Dividend on February 12th

Magyar Bancorp, Inc. (NASDAQ:MGYR) declared a quarterly dividend on Thursday, January 29th. Investors of record on Thursday, February 12th will be given a dividend of 0.10 per share by the bank on Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, February 12th. This is a 25.0% increase from Magyar Bancorp’s previous quarterly dividend of $0.08.

Magyar Bancorp Price Performance

Shares of MGYR stock opened at $17.62 on Friday. The business has a fifty day moving average of $17.37 and a 200 day moving average of $17.16. Magyar Bancorp has a 1 year low of $13.52 and a 1 year high of $19.04. The firm has a market capitalization of $115.23 million, a price-to-earnings ratio of 10.18 and a beta of 0.23.

Magyar Bancorp (NASDAQ:MGYR) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $0.50 earnings per share for the quarter. Magyar Bancorp had a return on equity of 9.28% and a net margin of 16.25%.The business had revenue of $9.65 million for the quarter.

Hedge Funds Weigh In On Magyar Bancorp

Large investors have recently bought and sold shares of the business. Oppenheimer & Close LLC purchased a new position in shares of Magyar Bancorp during the 3rd quarter valued at approximately $416,000. Geode Capital Management LLC grew its position in shares of Magyar Bancorp by 6.9% in the second quarter. Geode Capital Management LLC now owns 62,433 shares of the bank’s stock valued at $1,051,000 after purchasing an additional 4,027 shares during the period. Truffle Hound Capital LLC acquired a new stake in Magyar Bancorp in the 2nd quarter worth about $1,554,000. Finally, Dimensional Fund Advisors LP increased its stake in Magyar Bancorp by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 135,352 shares of the bank’s stock worth $2,311,000 after buying an additional 737 shares in the last quarter. Institutional investors and hedge funds own 46.32% of the company’s stock.

About Magyar Bancorp

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.