Magyar Bancorp Inc
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- Market Cap.:
- $68.43 million
- Book Value:
- Revenue TTM:
- $30.12 million
- Operating Margin TTM:
- Gross Profit TTM:
- $29.43 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
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.
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
- Trailing PE
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
- Capital Expenditure
- Dividend Payout Ratio
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
- 52-Week High
- 52-Week Low
- 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.
Frequently Asked Questions About Magyar Bancorp Inc
Similar Industry Stocks (Banks-Regional)
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. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey. As of July 21, 2021, Magyar Bancorp, Inc. was formerly a subsidiary of Magyar Bancorp, MHC