Magyar Bancorp Inc (MGYR)

Magyar Bancorp announced strong Q4 2025 financial results with a net income increase of 25% and declared a quarterly cash dividend of $0.08 per share. The stock price increased by 24.56% over the last 12 months. The Board of Directors authorized a stock repurchase program. Magyar Bancorp was named to the 2025 KBW Bank Honor Roll for the second consecutive year. Michael R. Lombardi, a Director, purchased shares in December 2025 and February 2025.

Information regarding specific demand seasonality for Magyar Bancorp, Inc.'s products and services is not explicitly detailed in the provided search results. Demand for certain services, such as mortgage loans, may be influenced by broader economic factors and housing market trends, which can exhibit seasonal patterns.

Magyar Bancorp, Inc. (MGYR) is a bank holding company operating in the Finance sector, providing financial services through its subsidiary, Magyar Bank. The company offers deposit accounts like demand, savings, and money market accounts, lending products including mortgage and commercial loans, and other financial services such as investment products and online banking.

Magyar Bancorp's primary market presence is in central and northern New Jersey. The company operates its main office in New Brunswick, New Jersey, and maintains seven branch offices in the surrounding areas. Its primary deposit market area is focused on Middlesex and Somerset Counties, while its lending market area extends across all of New Jersey.

Magyar Bancorp has maintained a positive brand reputation, driven by its strong financial performance and industry recognition. The company was named to the KBW Bank Honor Roll for the second consecutive year in May 2025, recognizing its consistent earnings growth. The company reported a 25% increase in net income for the fiscal year ended September 30, 2025, contributing positively to its reputation.

Magyar Bancorp's ownership is a mix of individual investors, institutional investors, and insiders. Individual investors hold the largest share at approximately 55%, while institutional investors hold around 31.44% to 46.32% of the stock. Insiders own about 9.97% to 11.10% of the stock. Major institutional owners include Alliancebernstein L.p., M3F, Inc., Maltese Capital Management Llc, PL Capital Advisors, LLC, Truffle Hound Capital, LLC, Dimensional Fund Advisors Lp, Vanguard Group Inc and Geode Capital Management, Llc. Notable individual owners and insiders include Michael Lombardi, John S. Fitzgerald, Jason A. Stock and William C. Waller.