Magyar Bancorp Inc (MGYR)

In the past six months, Magyar Bancorp's stock has experienced notable events, including a share price increase and trading below its 200-day moving average. The company reported increases in net income and earnings per share for both the three and six months ended March 31, 2026. Magyar Bancorp also increased its quarterly cash dividend and book value per share.

There is no specific or significant demand seasonality explicitly reported for Magyar Bancorp, Inc.'s banking products and services. Demand for its services typically remains relatively stable throughout the year.

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank, a New Jersey-chartered community savings bank. The bank offers a range of consumer and commercial banking services, including deposit accounts and various loan types. Additionally, the company provides non-deposit investment products and financial planning services.

Magyar Bancorp, Inc. is headquartered in New Brunswick, New Jersey, and operates through its main office and several branch offices across Middlesex and Somerset Counties. Its lending market area covers all of New Jersey, while its primary deposit market is concentrated in the surrounding communities.

Magyar Bancorp has maintained a strong brand reputation, being recognized by KBW as a member of their Bank Honor Roll for the third consecutive year. The MagyarBank Charitable Foundation actively contributes to the community, awarding grants to non-profit organizations in Central New Jersey.

Magyar Bancorp, Inc. has 23 institutional owners and shareholders, including Alliancebernstein L.p. and Maltese Capital Management Llc, holding a total of 1,761,161 shares. As of September 30, 2024, the approximate number of holders of record of Magyar Bancorp, Inc.'s common stock was 575.