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

Magyar Bancorp, Inc. (NASDAQ:MGYR)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.13 and traded as high as $17.64. Magyar Bancorp shares last traded at $17.6950, with a volume of 3,316 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Magyar Bancorp in a research report on Thursday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Magyar Bancorp currently has a consensus rating of “Hold”.

Magyar Bancorp Stock Up 0.5%

The firm has a 50-day moving average price of $17.28 and a two-hundred day moving average price of $17.14. The firm has a market cap of $115.88 million, a PE ratio of 11.36 and a beta of 0.23.

Magyar Bancorp (NASDAQ:MGYR) last posted its quarterly earnings data on Friday, December 19th. The bank reported $0.39 EPS for the quarter. Magyar Bancorp had a return on equity of 8.47% and a net margin of 15.00%.The firm had revenue of $9.25 million during the quarter.

Magyar Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Thursday, November 13th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. Magyar Bancorp’s payout ratio is presently 20.51%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Truffle Hound Capital LLC boosted its holdings in shares of Magyar Bancorp by 74.3% during the 3rd quarter. Truffle Hound Capital LLC now owns 162,486 shares of the bank’s stock worth $2,806,000 after purchasing an additional 69,245 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Magyar Bancorp by 0.5% during the third 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 during the last quarter. Geode Capital Management LLC grew its holdings in Magyar Bancorp by 6.9% in the 2nd quarter. Geode Capital Management LLC now owns 62,433 shares of the bank’s stock valued at $1,051,000 after buying an additional 4,027 shares in the last quarter. Finally, Oppenheimer & Close LLC acquired a new stake in shares of Magyar Bancorp in the 3rd quarter worth $416,000. 46.32% of the stock is owned by hedge funds and other institutional investors.

Magyar Bancorp Company Profile

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.