Magyar Bancorp, Inc. (NASDAQ:MGYR) Declares $0.05 Quarterly Dividend

Magyar Bancorp, Inc. (NASDAQ:MGYR) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Tuesday, May 7th will be paid a dividend of 0.05 per share by the bank on Tuesday, May 21st. This represents a $0.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Monday, May 6th.

Magyar Bancorp Trading Up 3.2 %

Shares of MGYR traded up $0.35 during mid-day trading on Thursday, hitting $11.25. 382 shares of the company traded hands, compared to its average volume of 3,737. The stock has a market capitalization of $74.81 million, a price-to-earnings ratio of 9.38 and a beta of 0.32. The business has a 50-day moving average of $11.19 and a 200 day moving average of $10.72. Magyar Bancorp has a one year low of $9.00 and a one year high of $12.00.

Magyar Bancorp (NASDAQ:MGYR) last announced its earnings results on Thursday, January 25th. The bank reported $0.26 EPS for the quarter. Magyar Bancorp had a net margin of 16.44% and a return on equity of 7.31%. The company had revenue of $7.85 million during the quarter.

About Magyar Bancorp

Magyar Bancorp, Inc operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit.