MGYR - Magyar Bancorp Inc Stock Price, Fair Value and News

10.93USD-0.22 (-1.97%)Market Closed

Market Summary

USD10.93-0.22

Market Closed

-1.97%

MGYR Stock Price

View Fullscreen

MGYR RSI Chart

MGYR Valuation

Market Cap

72.7M

Price/Earnings (Trailing)

9.63

Price/Sales (Trailing)

1.91

EV/EBITDA

0.55

Price/Free Cashflow

7.01

MGYR Price/Sales (Trailing)

MGYR Profitability

EBT Margin

27.59%

Return on Equity

7.09%

Return on Assets

0.82%

Free Cashflow Yield

14.26%

MGYR Fundamentals

MGYR Revenue

Revenue (TTM)

38.1M

MGYR Earnings

Earnings (TTM)

7.6M

Earnings Growth (Yr)

-8.73%

Earnings Growth (Qtr)

-24.39%

Breaking Down MGYR Revenue

Last 7 days

-2.8%

Last 30 days

-3.4%

Last 90 days

-3.9%

Trailing 12 Months

11.9%

How does MGYR drawdown profile look like?

MGYR Financial Health

MGYR Investor Care

Dividend Yield

1.83%

Dividend/Share (TTM)

0.2

Buy Backs (1Y)

1.32%

Diluted EPS (TTM)

1.18

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	33.8M	35.9M	38.1M	0
2022	0	14.9M	29.5M	31.6M
2021	13.6M	7.0M	313.0K	0
2020	27.0M	0	26.9M	20.3M
2019	26.1M	26.8M	27.1M	27.2M
2018	22.9M	23.6M	24.4M	25.1M
2017	21.3M	21.6M	22.0M	22.5M
2016	19.8M	20.2M	20.5M	20.9M
2015	19.3M	19.3M	19.4M	19.6M
2014	19.5M	19.5M	19.4M	19.4M
2013	20.1M	19.9M	19.7M	0
2012	21.5M	21.0M	20.8M	20.5M
2011	23.7M	23.0M	22.2M	21.8M
2010	0	0	25.1M	24.4M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Magyar Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 20, 2024	lombardi michael f	bought	6,307	11.6378	542	-
Feb 16, 2024	lombardi michael f	bought	1,397	11.27	124	-
Feb 15, 2024	fitzgerald john s	acquired	11,430	11.43	1,000	president and ceo
Jan 30, 2024	ansari jon	acquired	11,440	11.44	1,000	evp and cfo
Nov 21, 2023	fitzgerald john s	acquired	12,932	9.79	1,321	president and ceo
Nov 10, 2023	ansari jon	acquired	4,750	9.5	500	evp and cfo
Nov 09, 2023	lombardi michael f	bought	45,660	9.68	4,717	-
Nov 07, 2023	lombardi michael f	bought	1,616	9.68	167	-
Nov 07, 2023	fitzgerald john s	acquired	9,980	9.98	1,000	president and ceo
Nov 06, 2023	lombardi michael f	bought	49,978	9.55057	5,233	-

Which funds bought or sold MGYR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
May 01, 2024	PL Capital Advisors, LLC	unchanged	-	-26,729	2,830,670	1.08%
Mar 11, 2024	VANGUARD GROUP INC	added	0.67	105,118	1,130,550	-%
Feb 14, 2024	BHZ CAPITAL MANAGEMENT, LP	new	-	318,408	318,408	0.17%
Feb 14, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-27.34	-53,781	238,829	-%
Feb 14, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	unchanged	-	15,472	140,885	-%
Feb 14, 2024	MALTESE CAPITAL MANAGEMENT LLC	added	9.1	149,724	918,474	0.26%
Feb 14, 2024	Royal Bank of Canada	added	479	2,000	3,000	-%
Feb 14, 2024	ALLIANCEBERNSTEIN L.P.	added	0.16	653,240	7,399,210	-%

Are Funds Buying or Selling MGYR?

Are funds buying MGYR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MGYR

No. of Funds

Unveiling Magyar Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	9.9%	659,172	SC 13G/A
Feb 14, 2024	m3 partners lp	8.57%	570,563	SC 13G/A
Jan 30, 2024	magyar bancorp, inc.	7.0%	465,103	SC 13G/A
Feb 14, 2023	alliancebernstein l.p.	7.1%	480,866	SC 13G
Feb 10, 2023	m3 partners lp	8.11%	547,067	SC 13G/A
Feb 07, 2023	pl capital advisors, llc	4.0%	268,557	SC 13D/A
Jan 27, 2023	magyar bancorp, inc.	7.09%	478,162	SC 13G/A
Sep 20, 2022	pl capital advisors, llc	4.5%	318,557	SC 13D/A
Feb 14, 2022	m3 partners lp	7.46%	529,176	SC 13G/A
Feb 01, 2022	magyar bancorp, inc.	6.91%	490,260	SC 13G

Recent SEC filings of Magyar Bancorp Inc

View All Filings

Date Filed	Form Type	Document
Apr 23, 2024	8-K	Current Report
Feb 23, 2024	8-K	Current Report
Feb 22, 2024	8-K	Current Report
Feb 21, 2024	4	Insider Trading
Feb 20, 2024	4	Insider Trading
Feb 16, 2024	4	Insider Trading
Feb 14, 2024	SC 13G/A	Major Ownership Report
Feb 14, 2024	SC 13G/A	Major Ownership Report
Feb 14, 2024	10-Q	Quarterly Report
Feb 14, 2024	UPLOAD	UPLOAD

Peers (Alternatives to Magyar Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	550.4B	174.7B	-3.62%	40.95%	10.93	3.15	53.11%	19.83%
BAC	288.3B	127.4B	-1.15%	32.34%	11.52	2.26	44.27%	-12.56%
WFC	208.6B	85.8B	4.32%	56.01%	11.11	2.43	35.02%	26.14%
C	117.6B	133.3B	-2.05%	34.77%	12.75	0.88	79.09%	-
CFG	16.1B	10.2B	-0.14%	33.45%	9.98	1.57	44.53%	-22.43%
KEY	14.0B	8.1B	-2.62%	55.93%	16.03	1.72	32.15%	-50.93%
MID-CAP
CMA	6.9B	4.2B	-3.21%	45.81%	9.9	1.62	34.68%	-45.96%
ZION	6.3B	3.9B	0.71%	88.53%	9.31	1.6	45.91%	-25.03%
ABCB	3.4B	1.3B	3.97%	58.26%	12.49	2.62	43.24%	-22.35%
ASB	3.3B	1.8B	5.09%	36.86%	20.51	1.79	32.64%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	391.4M	152.4M	-5.49%	44.45%	39.37	2.57	16.94%	-73.84%
AROW	387.7M	162.6M	-2.25%	14.75%	12.89	2.38	25.39%	-38.37%
ACNB	284.2M	96.6M	-5.09%	17.23%	8.97	2.94	11.02%	-11.37%
ASRV	42.0M	60.9M	2.51%	-13.74%	-12.56	0.69	24.06%	-144.92%

Magyar Bancorp Inc News

Latest updates

Magyar Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2	2018Q1
Revenue	-	-	-	-	-	-	-	-	105	106	107	2,271	4,435	6,599	6,772	6,728	6,906	6,809	6,661	6,438	6,168	5,857
EBITDA Margin	0.3%	1.04*	1.03*	1.12*	1.20*	1.25*	1.32*	1.68*	112.29*	4.76*	2.24*	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	3.4%	7,244	7,008	6,890	6,946	6,891	7,239	6,964	6,706	6,458	6,378	6,045	5,683	5,032	5,130	5,016	5,224	5,121	5,033	5,047	5,002	4,821
Income Taxes	3.9%	700	674	788	790	780	1,000	886	708	676	652	569	349	121	238	361	301	324	279	436	289	182
Earnings Before Taxes	-17.7%	2,352	2,859	2,706	2,586	2,590	3,430	3,003	2,317	2,344	2,158	1,906	1,172	426	791	1,179	1,027	1,091	964	1,142	888	578
EBT Margin	-2.2%	0.28*	0.28*	0.31*	0.34*	0.36*	0.38*	0.45*	27.88*	1.09*	0.44*	-	-	-	-	-	-	-	-	-	-	-
Net Income	-24.4%	1,652	2,185	1,918	1,796	1,810	2,430	2,117	1,610	1,668	1,506	1,337	823	305	553	818	726	767	685	706	599	396
Net Income Margin	-2.0%	0.20*	0.20*	0.22*	0.24*	0.25*	0.27*	0.32*	19.55*	0.77*	0.31*	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-18.0%	3,224	3,931	343	2,875	1,335	4,619	3,835	3,982	1,303	2,217	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.0%	917	907	857	840	822	799	791	807	781	774	842	759	742	754	758	658	641	630	633	665	644
Cash Equivalents	-29.5%	51.00	73.00	22.00	25.00	8.00	31.00	26.00	55.00	82.00	75.00	129	43.00	52.00	62.00	62.00	29.00	19.00	21.00	8.00	48.00	33.00
Net PPE	-6.0%	13.00	13.00	13.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	15.00	15.00	15.00	15.00	16.00	16.00	16.00	16.00	17.00	17.00
Liabilities	1.0%	810	803	755	739	722	700	690	707	682	676	781	699	684	697	702	603	586	576	578	612	591
Shareholder's Equity	1.7%	107	105	103	101	100	99.00	101	99.00	98.00	98.00	61.00	59.00	58.00	57.00	56.00	56.00	55.00	55.00	54.00	53.00	52.00
Retained Earnings	2.5%	53.00	52.00	50.00	48.00	47.00	46.00	44.00	42.00	40.00	39.00	38.00	36.00	34.00	33.00	32.00	32.00	32.00	31.00	30.00	29.00	29.00
Additional Paid-In Capital	0.3%	63.00	63.00	63.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00
Shares Outstanding	-0.3%	7.00	7.00	7.00	7.00	6.00	7.00	7.00	7.00	7.00	6.00	7.00	7.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	71.00	-	-	-	1.00	-	-	-	80.00	-	-	-	24.00	-	-	-	30.00	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-18.0%	3,224	3,931	343	2,875	1,335	4,619	3,835	411	2,336	4,020	1,341	2,255	1,643	1,294	885	-608	-757	2,599	1,602	769	819
Share Based Compensation	-0.6%	161	162	161	161	180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	-2885.4%	-31,336	1,125	-20,901	-244	-46,033	-3,369	-13,496	-52,628	-250	12,089	4,164	-26,325	1,875	3,550	-66,715	-7,357	-9,435	15,353	-7,851	-5,892	-2,015
Cashflow From Financing	-85.1%	6,697	45,072	17,530	14,923	21,640	3,365	-19,317	25,245	4,984	-70,093	80,667	15,013	-13,174	-5,111	98,682	17,877	7,952	-4,422	-33,982	20,000	19,121
Dividend Payments	-	-	-	-	-	-	-	204	205	814	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-100.0%	-	2,484	1,242	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

MGYR Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Interest and dividend income
Loans, including fees	$ 10,082	$ 7,959
Investment securities
Taxable	1,406	504
Tax-exempt	14	14
Federal Home Loan Bank of New York stock	55	24
Total interest and dividend income	11,557	8,501
Interest expense
Deposits	4,077	1,474
Borrowings	236	136
Total interest expense	4,313	1,610
Net interest and dividend income	7,244	6,891
Provision for credit losses- loans	384	317
Provision for credit losses- commitments	97
Net interest and dividend income after provision for credit losses	6,763	6,574
Other income
Service charges	303	245
Income on bank owned life insurance	95	95
Interest rate swap fees		57
Gains on sales of premises and equipment	60
Other operating income	22	20
Gains on sales of loans	129	180
Total other income	609	597
Other expenses
Compensation and employee benefits	2,847	2,621
Occupancy expenses	790	761
Professional fees	226	179
Data processing expenses	140	146
Director fees and benefits	224	201
Marketing and business development	97	126
FDIC deposit insurance premiums	103	54
Other expenses	593	493
Total other expenses	5,020	4,581
Income before income tax expense	2,352	2,590
Income tax expense	700	780
Net income	$ 1,652	$ 1,810
Earnings per share - basic (in Dollars per share)	$ 0.26	$ 0.28
Earnings per share - diluted (in Dollars per share)	$ 0.26	$ 0.28
Weighted average shares outstanding - basic (in Shares)	6,387,010	6,456,525
Weighted average shares outstanding - diluted (in Shares)	6,387,010	6,459,446

MGYR Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023
Assets
Cash	$ 3,128	$ 3,179
Interest earning deposits with banks	47,989	69,353
Total cash and cash equivalents	51,117	72,532
Investment securities - available for sale, at fair value	12,273	10,125
Investment securities - at amortized cost (fair value of $75,508 and $73,728 at December 31, 2023 and September 30, 2023, respectively)	84,333	85,835
Federal Home Loan Bank of New York stock, at cost	2,254	2,286
Loans receivable	728,560	697,400
Allowance for credit losses	(7,683)	(8,330)
Bank owned life insurance	18,126	18,030
Accrued interest receivable	4,585	4,337
Premises and equipment, net	12,534	13,339
Other real estate owned ("OREO")	328	328
Other assets	10,312	11,410
Total assets	916,739	907,292
Liabilities
Deposits	763,548	755,453
Escrowed funds	3,723	3,494
Borrowings	28,796	29,515
Accrued interest payable	656	443
Accounts payable and other liabilities	13,477	13,597
Total liabilities	810,200	802,502
Stockholders' equity
Preferred stock: $.01 Par Value, 500,000 shares authorized; at December 31, 2023 and September 30, 2023, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,654,952 and 6,674,184 shares outstanding at December 31, 2023 and September 30, 2023, respectively, at cost	71	71
Additional paid-in capital	62,962	62,801
Treasury stock: 442,873 and 423,641 shares at December 31, 2023 and September 30, 2023, respectively, at cost	(5,554)	(5,362)
Unearned Employee Stock Ownership Plan shares	(3,047)	(3,097)
Retained earnings	53,456	52,166
Accumulated other comprehensive loss	(1,349)	(1,789)
Total stockholders' equity	106,539	104,790
Total liabilities and stockholders' equity	$ 916,739	$ 907,292

About Magyar Bancorp Inc

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 also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey. As of July 21, 2021, Magyar Bancorp, Inc. was formerly a subsidiary of Magyar Bancorp, MHC

CEO	Mr. John S. Fitzgerald
WEBSITE	magbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	87

Magyar Bancorp Inc Frequently Asked Questions

What is the ticker symbol for Magyar Bancorp Inc? What does MGYR stand for in stocks?

MGYR is the stock ticker symbol of Magyar Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Magyar Bancorp Inc (MGYR)?

As of Thu May 02 2024, market cap of Magyar Bancorp Inc is 72.73 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MGYR stock?

You can check MGYR's fair value in chart for subscribers.

What is the fair value of MGYR stock?

You can check MGYR's fair value in chart for subscribers. The fair value of Magyar Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Magyar Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MGYR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Magyar Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether MGYR is over valued or under valued. Whether Magyar Bancorp Inc is cheap or expensive depends on the assumptions which impact Magyar Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MGYR.

What is Magyar Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 02 2024, MGYR's PE ratio (Price to Earnings) is 9.63 and Price to Sales (PS) ratio is 1.91. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MGYR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Magyar Bancorp Inc's stock?

In the past 10 years, Magyar Bancorp Inc has provided 0.056 (multiply by 100 for percentage) rate of return.