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Last $8.84 USD
Change Today 0.00 / 0.00%
Volume 0.0
MGYR On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

magyar bancorp inc (MGYR) Snapshot

Open
$8.84
Previous Close
$8.84
Day High
$8.84
Day Low
$8.84
52 Week High
09/11/14 - $9.20
52 Week Low
07/8/14 - $7.55
Market Cap
51.4M
Average Volume 10 Days
1.2K
EPS TTM
$0.12
Shares Outstanding
5.8M
EX-Date
--
P/E TM
73.7x
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 for families and businesses in Central 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 comprising one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, small business administration loans, and construction loans, as well as consumer loans, which primarily include secured demand loans. 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. As of November 12, 2014, it operated six branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. is a subsidiary of Magyar Bancorp, MHC.

92 Employees
Last Reported Date: 12/22/14
Founded in 1922

magyar bancorp inc (MGYR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $383.2K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $295.2K
Chief Lending Officer, Senior Vice President,...
Total Annual Compensation: $172.9K
Compensation as of Fiscal Year 2014.

magyar bancorp inc (MGYR) Key Developments

Magyar Bancorp Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2015; Announces Net Charge-Offs for the Second Quarter Ended March 31, 2015

Magyar Bancorp reported earnings results for the second quarter and six months ended March 31, 2015. The company reported net income of $147,000 for the three months ended March 31, 2015, compared to net income of $63,000 for the three months ended March 31, 2014. The net income per share was $0.03 for the three months ended March 31, 2015 compared to $0.01 for the three months ended March 31, 2014. Net interest and dividend income increased $71,000 to $4.0 million for the three months ended March 31, 2015 from $3.9 million for the three months ended March 31, 2014. Income before income tax expense was $199,000 against $53,000 a year ago. Return on average assets was 0.11% against 0.05% a year ago. Return on average equity was 1.27% against 0.55% a year ago. Book value per share, was $7.98 against $7.84 a year ago. Net income for the six months ended March 31, 2015 was $329,000 compared to net income of $193,000 for the six months ended March 31, 2014. The net income per share was $0.06 for the six months ended March 31, 2015 compared to $0.03 for the six months ended March 31, 2014. The company's net interest and dividend income increased $16,000, or 0.2%, to $8.0 million during the six month period ended March 31, 2015. Income before income tax expense was $453,000 against $222,000 a year ago. Return on average assets was 0.12% against 0.07% a year ago. Return on average equity was 1.42% against 0.85% a year ago. Net charge-offs were $295,000 for the three months ended March 31, 2015 compared to $106,000 for the three months ended March 31, 2014.

Magyar Bancorp, Inc. Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2014

Magyar Bancorp, Inc. reported consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported net income of $182,000 compared to net income of $133,000 for the three months ended December 31, 2013. Basic and diluted earnings per share were $0.03 compared with basic and diluted earnings per share of $0.02 for the three months ended December 31, 2013. Net income increased $49,000, or 36.8%, during the three-month period ended December 31, 2014 compared with the three-month period ended December 31, 2013 due to higher gains from the sales of loans. Income before income tax expense was $256,000 against $174,000 a year ago. Return on average assets was 0.14% against 0.10% a year ago. Return on average equity was 1.58% against 1.17% a year ago. Book value per share, at period end was $7.94 against $7.82 a year ago.

Magyar Bancorp, Inc., Annual General Meeting, Feb 18, 2015

Magyar Bancorp, Inc., Annual General Meeting, Feb 18, 2015., at 14:00 US Eastern Standard Time. Location: The Hyatt Regency New Brunswick. Agenda: To consider election of directors; to consider ratification of the appointment of Baker Tilly Virchow Krause LLP as independent registered public accounting firm for the year ending September 30, 2015; and to consider such other matters.

 

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MGYR Competitors

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Company Last Change
Allegheny Valley Bancorp Inc $42.00 USD 0.00
Elmira Savings Bank $19.75 USD -0.15
First Community Financial Corp/PA $39.75 USD 0.00
Jeffersonville Bancorp $13.80 USD 0.00
Jonestown Bank & Trust Co/Jonestown PA $25.45 USD 0.00
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Industry Analysis

MGYR

Industry Average

Valuation MGYR Industry Range
Price/Earnings 66.5x
Price/Sales 2.6x
Price/Book 0.9x
Price/Cash Flow 72.4x
TEV/Sales -- Not Meaningful
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