Last $8.73 USD
Change Today 0.00 / 0.00%
Volume 0.0
MGYR On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

magyar bancorp inc (MGYR) Snapshot

Open
$8.62
Previous Close
$8.73
Day High
$8.80
Day Low
$8.62
52 Week High
09/11/14 - $9.20
52 Week Low
11/15/13 - $7.07
Market Cap
50.8M
Average Volume 10 Days
3.3K
EPS TTM
$0.08
Shares Outstanding
5.8M
EX-Date
--
P/E TM
109.1x
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 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.

Magyar Bancorp, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2013; Reports Net Charge-Offs for the Three Months Ended December 31, 2013

Magyar Bancorp, Inc. reported earnings results for the first quarter ended December 31, 2013. For the quarter, the company reported net income of $133,000 compared to net income of $282,000 for the three months ended December 31, 2012. Basic and diluted earnings per share were $0.02 compared with $0.05 for the three months ended December 31, 2012. Net income decreased $149,000 during the three-month period ended December 31, 2013 compared with the three-month period ended December 31, 2012 due to lower gains from the sales of loans and investment securities. The company's net interest income increased $268,000 to $4.0 million for the quarter ended December 31, 2013 from $3.8 million for the quarter ended December 31, 2012. Income before income tax expense was $174,000 against $282,000 a year ago. Book value per share, at December 31, 2013 was $7.82 against $7.78 as at December 31, 2012. Return on average assets was 0.10% against 0.22% a year ago. Return on average equity was 1.17% against 2.49% a year ago. Net charge-offs were $172,000 for the three months ended December 31, 2013 compared to $205,000 for the three months ended December 31, 2012.

 

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Industry Analysis

MGYR

Industry Average

Valuation MGYR Industry Range
Price/Earnings 100.0x
Price/Sales 3.3x
Price/Book 1.1x
Price/Cash Flow 101.2x
TEV/Sales NM Not Meaningful
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