Magyar Bancorp Inc

Company Profile

Magyar Bancorp Inc had its IPO on 2006-01-24 under the ticker symbol MGYR.

The company operates in the Financial Services sector and Banks-Regional industry. Magyar Bancorp Inc has a staff strength of 87 employees.

Stock update

Shares of Magyar Bancorp Inc opened at $10.22 at the start of the last trading session i.e. 2023-06-03.

The stocks traded within a range of $10.16 - $10.23, and closed at $10.23.

This is a +0.79% increase from the previous day's closing price.

A total volume of 1,400 shares were traded at the close of the day’s session.

In the last one week, shares of Magyar Bancorp Inc have increased by +1.59%.

Magyar Bancorp Inc's Key Ratios

Magyar Bancorp Inc has a market cap of $68.43 million, indicating a price to book ratio of 0.9223 and a price to sales ratio of 2.9304.

In the last 12-months Magyar Bancorp Inc’s revenue was $30.12 million with a gross profit of $29.43 million and an EBITDA of $0. The EBITDA ratio measures Magyar Bancorp Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Magyar Bancorp Inc’s operating margin was 39.52% while its return on assets stood at 0.99% with a return of equity of 8.13%.

In Q1, Magyar Bancorp Inc’s quarterly earnings growth was a positive 13% while revenue growth was a positive 7.3%.

Magyar Bancorp Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

8.3171

PEG

0

Its diluted EPS in the last 12-months stands at $1.23 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Magyar Bancorp Inc’s profitability.

Magyar Bancorp Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.9304.

Magyar Bancorp Inc stock pays annual dividends of $0.12 per share, indicating a yield of 1.18% and a payout ratio of 13.8%.

Balance sheet and cash flow metrics

Total Assets

$839.86 million

Total Liabilities

$737.14 million

Operating Cash Flow

$-244000.00

Capital Expenditure

$0

Dividend Payout Ratio

13.8%

Magyar Bancorp Inc ended 2023 with $839.86 million in total assets and $0 in total liabilities. Its intangible assets were valued at $839.86 million while shareholder equity stood at $101.17 million.

Magyar Bancorp Inc ended 2023 with $0 in deferred long-term liabilities, $737.14 million in other current liabilities, 71000.00 in common stock, $48.46 million in retained earnings and $0 in goodwill. Its cash balance stood at $3.04 million and cash and short-term investments were $12.20 million. The company’s total short-term debt was $25,534,000 while long-term debt stood at $0.

Magyar Bancorp Inc’s total current assets stands at $683.44 million while long-term investments were $680.68 million and short-term investments were $9.16 million. Its net receivables were $671.24 million compared to accounts payable of $13.72 million and inventory worth $0.

In 2023, Magyar Bancorp Inc's operating cash flow was $-244000.00 while its capital expenditure stood at $0.

Comparatively, Magyar Bancorp Inc paid $0.14 in dividends in 2023.

Other key metrics

Current Trading Price

$10.23

52-Week High

$13.2958

52-Week Low

$9.64

Analyst Target Price

$

Magyar Bancorp Inc stock is currently trading at $10.23 per share. It touched a 52-week high of $13.2958 and a 52-week low of $13.2958. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $10.27 and 200-day moving average was $11.93 The short ratio stood at 0.67 indicating a short percent outstanding of 0%.

Around 1628.9% of the company’s stock are held by insiders while 2694.5% are held by institutions.