Magyar Bancorp, Inc. (MGYR) to Distribute Quarterly Dividend of $0.10 on August 20th

Posted by Linda Flegge on Jul 25th, 2026

Magyar Bancorp, Inc. (NASDAQ:MGYR – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be given 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 dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 6th.

Magyar Bancorp Price Performance

Shares of NASDAQ:MGYR opened at $18.29 on Friday. The business’s 50 day simple moving average is $17.48 and its 200-day simple moving average is $17.59. The firm has a market capitalization of $118.15 million, a price-to-earnings ratio of 9.78 and a beta of 0.22. Magyar Bancorp has a 12 month low of $16.03 and a 12 month high of $20.00.

Magyar Bancorp (NASDAQ:MGYR – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.49 earnings per share for the quarter. Magyar Bancorp had a return on equity of 9.69% and a net margin of 18.89%.The firm had revenue of $10.24 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Magyar Bancorp in a research report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Read Our Latest Analysis on MGYR

Magyar Bancorp Company Profile

(Get Free Report)

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.