Magyar Bancorp, Inc. (MGYR)
| Market Cap | 114.47M +25.2% |
| Revenue (ttm) | 37.16M +9.1% |
| Net Income | 11.16M +24.0% |
| EPS | 1.78 +24.6% |
| Shares Out | 6.48M |
| PE Ratio | 9.92 |
| Forward PE | n/a |
| Dividend | $0.40 (2.26%) |
| Ex-Dividend Date | May 7, 2026 |
| Volume | 1,795 |
| Open | 17.69 |
| Previous Close | 17.65 |
| Day's Range | 17.66 - 17.69 |
| 52-Week Range | 14.62 - 20.00 |
| Beta | 0.23 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Apr 23, 2026 |
About MGYR
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 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 l... [Read more]
Financial Performance
In fiscal year 2025, Magyar Bancorp's revenue was $35.21 million, an increase of 11.78% compared to the previous year's $31.50 million. Earnings were $9.76 million, an increase of 25.40%.
Financial StatementsNews
Magyar Bancorp reports Q2 EPS 48c vs. 43c last year
Reports Q2 net income $3.0M vs. $2.7M last year. Reports Q2 net interest margin 3.66 % vs. 3.31% last year. Book value per share increased to $19.19 at March 31,…
MAGYAR BANCORP, INC. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
NEW BRUNSWICK, N.J., April 23, 2026 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ...
MAGYAR BANCORP, INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
NEW BRUNSWICK, N.J., Jan. 29, 2026 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three months ended Dec...
MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES QUARTERLY DIVIDEND
NEW BRUNSWICK, N.J. , Oct. 30, 2025 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and ...
MAGYAR BANCORP, INC. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
NEW BRUNSWICK, N.J. , July 24, 2025 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months...
MAGYAR BANCORP, INC. ANNOUNCES STOCK REPURCHASE PROGRAM
NEW BRUNSWICK, N.J. , May 22, 2025 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) announced today it has completed the stock repurchase program authorized December 8, 2022, repurchasing 337,146 s...
Magyar Bancorp Named to 2025 KBW Bank Honor Roll
NEW BRUNSWICK, N.J. , May 12, 2025 /PRNewswire/ -- Magyar Bancorp, Inc. (Nasdaq: MGYR), the parent company of Magyar Bank, was recently recognized by KBW as a member of their 2025 Bank Honor Roll, com...
Magyar Bancorp reports Q1 EPS 33c vs. 26c last year
Book value per share increased to $17.23 at December 31, 2024 from $16.98 at September 30, 2024.”We are very pleased to report a 26% increase in earnings over last year’s…
Magyar Bancorp declares special cash dividend of 4c per share
Magyar Bancorp (MGYR) announced that its board of directors has declared a special cash dividend of 4c, payable December 20 to shareholders of record on December 6. Published first on…
MAGYAR BANCORP, INC. DECLARES SPECIAL CASH DIVIDEND
NEW BRUNSWICK, N.J. , Nov. 22, 2024 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) announced that its Board of Directors has declared a special cash dividend of $0.04, payable December 20, 2024 t...
Magyar Bancorp reports Q3 EPS 27c
“The challenging interest rate environment continues to impact our net interest margin,” stated John Fitzgerald, President and Chief Executive Officer. “During the past quarter our cost of funds incre...
MAGYAR BANCORP, INC. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS, DECLARES DIVIDEND, APPOINTS MICHAEL R.
NEW BRUNSWICK, N.J. , July 25, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months...
MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES INCREASED QUARTERLY DIVIDEND
NEW BRUNSWICK, N.J. , Oct. 30, 2023 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and ...
Magyar Bancorp reports Q2 EPS 28c vs. 25c last year
Reports Q2 net income $1.8M vs. $1.68M last year. "We are halfway through our fiscal year and are pleased to report continued strong earnings," stated CEO John Fitzgerald. "We’re seeing…
MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS
NEW BRUNSWICK, N.J. , Nov. 3, 2022 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and f...
MAGYAR BANCORP, INC. ANNOUNCES QUARTERLY CASH DIVIDEND
NEW BRUNSWICK, N.J. , Oct. 27, 2022 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) announced today that its Board of Directors has declared a quarterly cash dividend of $0.03, payable November 23...
MAGYAR BANCORP, INC. ANNOUNCES SECOND FISCAL QUARTER FINANCIAL RESULTS
NEW BRUNSWICK, N.J., April 20, 2022 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ...
MAGYAR BANCORP, INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS
NEW BRUNSWICK, N.J., Jan. 25, 2022 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three months ended Dec...
Magyar Bancorp, Inc. Announces Special Cash Dividend
NEW BRUNSWICK, N.J., Nov. 16, 2021 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, today announced that its board of directors declared a special ca...
Magyar Bancorp, Inc. Announces Fourth Quarter and Year End Financial Results
NEW BRUNSWICK, N.J., Nov. 3, 2021 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and fi...
Magyar Bancorp, Inc. Announces Third Quarter Financial Results
NEW BRUNSWICK, N.J., July 26, 2021 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ...
Magyar Bancorp, Inc. Announces Completion Of Conversion And Related Stock Offering
NEW BRUNSWICK, N.J., July 14, 2021 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, announced that Magyar Bancorp, MHC (the "MHC"), effective followi...
Magyar Bancorp, Inc. Announces Expected Closing Date Of Conversion And Offering Results
NEW BRUNSWICK, N.J., July 12, 2021 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, announced today that all regulatory approvals have been received ...
Magyar Bancorp, Inc. Announces Results of Special Meetings of Stockholders and Depositors and Preliminary Offering Results
NEW BRUNSWICK, N.J., June 30, 2021 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, announced today that, at separate meetings held on June 30, 2021,...
Magyar Bancorp, Inc. Announces Commencement Of Stock Offering
NEW BRUNSWICK, N.J., May 24, 2021 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, announced today that it is commencing its stock offering in connec...