Magyar Bancorp, Inc. (NASDAQ:MGYR) Posts Quarterly Earnings Results

Magyar Bancorp, Inc. (NASDAQ:MGYR) released its quarterly earnings results on Monday, July 24th. The bank reported $0.05 EPS for the quarter, Bloomberg Earnings reports. Magyar Bancorp had a net margin of 5.48% and a return on equity of 2.68%. The company had revenue of $4.97 million for the quarter.

Magyar Bancorp (MGYR) opened at 13.18 on Friday. The company has a market cap of $76.71 million, a price-to-earnings ratio of 60.74 and a beta of -0.07. The stock has a 50 day moving average of $13.23 and a 200-day moving average of $12.98. Magyar Bancorp has a 52-week low of $9.76 and a 52-week high of $14.95.

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Magyar Bancorp Company Profile

Magyar Bancorp, Inc is a holding company of Magyar Bank (the Bank). The Bank’s principal business consists of attracting retail deposits from the public in the areas surrounding its main office in New Brunswick, New Jersey and its branch offices located in Middlesex and Somerset Counties, New Jersey.

Earnings History for Magyar Bancorp (NASDAQ:MGYR)

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