Last $8.44 USD
Change Today 0.00 / 0.00%
Volume 0.0
MGYR On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 10/16/14 All times are local (Market data is delayed by at least 15 minutes).

magyar bancorp inc (MGYR) Snapshot

Open
$8.44
Previous Close
$8.44
Day High
$8.44
Day Low
$8.44
52 Week High
09/11/14 - $9.20
52 Week Low
11/15/13 - $7.07
Market Cap
49.1M
Average Volume 10 Days
143.7
EPS TTM
$0.08
Shares Outstanding
5.8M
EX-Date
--
P/E TM
105.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for MAGYAR BANCORP INC (MGYR)

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magyar bancorp inc (MGYR) Details

Magyar Bancorp, Inc. operates as the bank holding company for Magyar Bank that provides various banking products and services in New Jersey. Its product portfolio includes various deposit products, such as demand, NOW, money market, savings, and retirement accounts, as well as certificates of deposit; and loan products, including one-to four-family residential mortgage, commercial real estate, construction, commercial business, small business administration, and consumer loans, as well as home equity loans and lines of credit. The company also provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers. It operates six branch offices, which are located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. is a subsidiary of Magyar Bancorp, MHC.

86 Employees
Last Reported Date: 12/20/13
Founded in 1922

magyar bancorp inc (MGYR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $349.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $273.8K
Chief Lending Officer, Senior Vice President,...
Total Annual Compensation: $169.9K
Compensation as of Fiscal Year 2013.

magyar bancorp inc (MGYR) Key Developments

Magyar Bancorp, Inc. Announces Auditor Changes

On October 1, 2014, Magyar Bancorp, Inc. was notified that the audit practice of ParenteBeard LLC an independent registered public accounting firm, was combined with Baker Tilly Virchow Krause LLP in a transaction pursuant to which ParenteBeard combined its operations with Baker Tilly and certain of the professional staff and partners of ParenteBeard joined Baker Tilly either as employees or partners of Baker Tilly. On October 1, 2014, ParenteBeard resigned as the auditors of the company and with the approval of the audit committee of the company’s board of directors, Baker Tilly was engaged as its independent registered public accounting firm.

Magyar Bancorp Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

Magyar Bancorp reported earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported net income of $188,000 compared to net income of $193,000 for the three months ended June 30, 2013. The net income per share was $0.03 For the nine months, the company reported net income of $382,000 compared to net income of $133,000 for the nine months ended June 30, 2013. The net income per share was $0.07 compared to net income per share of $0.02 earned for the nine months ended June 30, 2013. The results through the first nine months have improved Book Value per share to $7.89 as of September 30, 2014.

Magyar Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2014

Magyar Bancorp, Inc. reported earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported net income of $63,000 compared to a net loss of $343,000 for the three months ended March 31, 2013. Net income per share was $0.01 compared to a net loss of $0.06 for the three months ended March 31, 2013. For the six months, the company reported net income of $193,000 compared to a net loss of $61,000 for the six months ended March 31, 2013. Net income per share was $0.03 compared to a net loss per share of $0.01 earned for the six months ended March 31, 2013.

 

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MGYR Competitors

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Allegheny Valley Bancorp Inc $39.50 USD 0.00
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Industry Analysis

MGYR

Industry Average

Valuation MGYR Industry Range
Price/Earnings 96.0x
Price/Sales 3.1x
Price/Book 1.1x
Price/Cash Flow 96.0x
TEV/Sales NM Not Meaningful
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