Magyar Bancorp, Inc. (NASDAQ:MGYR) Declares Quarterly Dividend of $0.10

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, August 6th will be paid a dividend of 0.10 per share by the bank on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 6th.

Magyar Bancorp Trading Down 1.2%

NASDAQ:MGYR opened at $17.48 on Friday. Magyar Bancorp has a twelve month low of $16.03 and a twelve month high of $20.00. The company has a 50-day moving average of $17.47 and a 200-day moving average of $17.58. The firm has a market cap of $112.92 million, a price-to-earnings ratio of 9.82 and a beta of 0.22.

Magyar Bancorp (NASDAQ:MGYR) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.49 earnings per share (EPS) for the quarter. Magyar Bancorp had a net margin of 18.32% and a return on equity of 9.28%. The company had revenue of $10.24 million for the quarter.

Magyar Bancorp Company Profile

Magyar Bancorp, Inc is a bank holding company headquartered in Palos Hills, Illinois, that provides a range of commercial banking services through its subsidiary, Magyar Bank. Established to serve the financial needs of individuals and businesses in the Chicago suburbs, the company offers traditional banking products alongside specialized lending solutions. Magyar Bancorp’s operations focus on relationship banking, emphasizing personalized service and community engagement.

The company’s product suite includes deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.