Magyar Bancorp, Inc. (MGYR) to Distribute Quarterly Dividend of $0.10 on August 20th

Magyar Bancorp, Inc. (NASDAQ:MGYR) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be given a dividend of 0.10 per share by the bank on Thursday, August 20th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, August 6th.

Magyar Bancorp Price Performance

Shares of NASDAQ:MGYR opened at $19.32 on Tuesday. The company has a market cap of $124.87 million, a P/E ratio of 10.33 and a beta of 0.22. Magyar Bancorp has a 1 year low of $16.03 and a 1 year high of $20.00. The stock’s fifty day moving average price is $17.67 and its 200-day moving average price is $17.65.

Magyar Bancorp (NASDAQ:MGYR) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.49 EPS for the quarter. The company had revenue of $10.24 million during the quarter. Magyar Bancorp had a return on equity of 9.69% and a net margin of 18.89%.

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.