93,241 Shares in Magyar Bancorp, Inc. $MGYR Purchased by Truffle Hound Capital LLC

Truffle Hound Capital LLC purchased a new stake in Magyar Bancorp, Inc. (NASDAQ:MGYR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 93,241 shares of the bank’s stock, valued at approximately $1,554,000. Truffle Hound Capital LLC owned approximately 1.44% of Magyar Bancorp at the end of the most recent reporting period.

Separately, Geode Capital Management LLC boosted its stake in shares of Magyar Bancorp by 6.9% during the 2nd quarter. Geode Capital Management LLC now owns 62,433 shares of the bank’s stock worth $1,051,000 after acquiring an additional 4,027 shares in the last quarter. 46.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Magyar Bancorp in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Magyar Bancorp Price Performance

Magyar Bancorp stock opened at $16.88 on Tuesday. The stock has a market capitalization of $108.84 million, a P/E ratio of 10.82 and a beta of 0.25. Magyar Bancorp, Inc. has a 12-month low of $12.10 and a 12-month high of $19.04. The firm’s 50-day moving average is $17.06 and its two-hundred day moving average is $16.61.

Magyar Bancorp (NASDAQ:MGYR) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $0.40 earnings per share for the quarter. The business had revenue of $9.25 million during the quarter. Magyar Bancorp had a net margin of 15.00% and a return on equity of 8.56%.

Magyar Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, November 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.9%. Magyar Bancorp’s dividend payout ratio (DPR) is 20.51%.

Magyar Bancorp Profile

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.