Magyar Bancorp, Inc. (MGYR) To Go Ex-Dividend on May 7th

Magyar Bancorp, Inc. (NASDAQ:MGYR) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Thursday, May 7th will be given a dividend of 0.10 per share by the bank on Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, May 7th.

Magyar Bancorp Price Performance

NASDAQ MGYR opened at $17.42 on Tuesday. The company has a market capitalization of $112.88 million, a PE ratio of 9.79 and a beta of 0.23. The company has a fifty day moving average of $17.52 and a 200 day moving average of $17.41. Magyar Bancorp has a 1 year low of $14.10 and a 1 year high of $20.00.

Magyar Bancorp (NASDAQ:MGYR) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $0.48 earnings per share for the quarter. The business had revenue of $10.09 million during the quarter. Magyar Bancorp had a net margin of 18.32% and a return on equity of 9.38%.

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.