How to buy Magyar Bancorp stock | $11.51

Magyar Bancorp Inc is a banks-regional business based in the US. Magyar Bancorp shares (MGYR) are listed on the NASDAQ and all prices are listed in US Dollars. Magyar Bancorp employs 98 staff and has a trailing 12-month revenue of around 0.00.

Magyar Bancorp stock price (NASDAQ: MGYR)

Use our graph to track the performance of MGYR stocks over time.

Magyar Bancorp shares at a glance

• Key figures

Information last updated 2021-10-17.

Latest market close	$11.51
52-week range	$8.06 - $14.71
50-day moving average	$11.11
200-day moving average	$10.97
Wall St. target price	$13.00
PE ratio	15.3662
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.75

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Is it a good time to buy Magyar Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Magyar Bancorp price performance over time

Historical closes compared with the close of $11.51 from 2021-10-20

1 week (2021-10-15)	-0.26%
1 month (2021-09-22)	5.02%
3 months (2021-07-22)	7.57%
6 months (2021-04-22)	-29.39%

1 year (2020-10-21)	16.96%
2 years (2019-10-18)	N/A
3 years (2018-10-19)	15.9518
5 years (2016-10-20)	12.6877

Is Magyar Bancorp under- or over-valued?

Valuing Magyar Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Magyar Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Magyar Bancorp's P/E ratio

Magyar Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Magyar Bancorp shares trade at around 15x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Magyar Bancorp financials

Revenue TTM	$26.1 million
Operating margin TTM	31.94%
Gross profit TTM	$21.5 million
Return on assets TTM	0.67%
Return on equity TTM	9.09%
Profit margin	20.46%
Book value	$8.63
Market capitalisation	$81.9 million

TTM: trailing 12 months

Shorting Magyar Bancorp shares

There are currently 4,517 Magyar Bancorp shares held short by investors – that's known as Magyar Bancorp's "short interest". This figure is 50.2% down from 9,066 last month.

There are a few different ways that this level of interest in shorting Magyar Bancorp shares can be evaluated.

Magyar Bancorp's "short interest ratio" (SIR)

Magyar Bancorp's "short interest ratio" (SIR) is the quantity of Magyar Bancorp shares currently shorted divided by the average quantity of Magyar Bancorp shares traded daily (recently around 25094.444444444). Magyar Bancorp's SIR currently stands at 0.18. In other words for every 100,000 Magyar Bancorp shares traded daily on the market, roughly 180 shares are currently held short.

However Magyar Bancorp's short interest can also be evaluated against the total number of Magyar Bancorp shares, or, against the total number of tradable Magyar Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Magyar Bancorp's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Magyar Bancorp shares in existence, roughly 0 shares are currently held short) or 0.0007% of the tradable shares (for every 100,000 tradable Magyar Bancorp shares, roughly 1 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Magyar Bancorp.

Find out more about how you can short Magyar Bancorp stock.

Magyar Bancorp share dividends

We're not expecting Magyar Bancorp to pay a dividend over the next 12 months.

Have Magyar Bancorp's shares ever split?

Magyar Bancorp's shares were split on a 1221:1000 basis on 14 July 2021. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1221 shares. This wouldn't directly have changed the overall worth of your Magyar Bancorp shares – just the quantity. However, indirectly, the new 18.1% lower share price could have impacted the market appetite for Magyar Bancorp shares which in turn could have impacted Magyar Bancorp's share price.

Magyar Bancorp share price volatility

Over the last 12 months, Magyar Bancorp's shares have ranged in value from as little as $8.06 up to $14.7099. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Magyar Bancorp's is 0.2847. This would suggest that Magyar Bancorp's shares are less volatile than average (for this exchange).

Magyar Bancorp overview

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various banking services in the United States. It accepts various deposit accounts, including demand, NOW, money market, savings, retirement, and certificates of deposit accounts. The company also offers residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, small business administration loans, construction loans, and consumer loans. In addition, it provides 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; and a loan product office located in Keyport, New Jersey. Magyar Bancorp, Inc.

Frequently asked questions

What percentage of Magyar Bancorp is owned by insiders or institutions?
Currently 48.161% of Magyar Bancorp shares are held by insiders and 9.463% by institutions. How many people work for Magyar Bancorp?
Latest data suggests 98 work at Magyar Bancorp. When does the fiscal year end for Magyar Bancorp?
Magyar Bancorp's fiscal year ends in September. Where is Magyar Bancorp based?
Magyar Bancorp's address is: 400 Somerset Street, New Brunswick, NJ, United States, 08901 What is Magyar Bancorp's ISIN number?
Magyar Bancorp's international securities identification number is: US55977T2087 What is Magyar Bancorp's CUSIP number?
Magyar Bancorp's Committee on Uniform Securities Identification Procedures number is: 55977T109