How to buy Magyar Bancorp stock - 17 April

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How to buy Magyar Bancorp stock

Own Magyar Bancorp stock in just a few minutes.

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 USD$22.8 million.

How to buy shares in Magyar Bancorp

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Magyar Bancorp. Find the stock by name or ticker symbol: MGYR. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Magyar Bancorp reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Magyar Bancorp, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Magyar Bancorp. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Magyar Bancorp share price

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

Magyar Bancorp shares at a glance

Information last updated 2021-04-15.
52-week rangeUSD$7.6 - USD$14.71
50-day moving average USD$13.5326
200-day moving average USD$10.3784
Wall St. target priceUSD$13
PE ratio 26.1858
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.506

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

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 26x. In other words, Magyar Bancorp shares trade at around 26x recent earnings.

That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).

Magyar Bancorp financials

Revenue TTM USD$22.8 million
Operating margin TTM 23.29%
Gross profit TTM USD$21.5 million
Return on assets TTM 0.43%
Return on equity TTM 5.24%
Profit margin 13.06%
Book value $10.016
Market capitalisation USD$74.9 million

TTM: trailing 12 months

Shorting Magyar Bancorp shares

There are currently 2,579 Magyar Bancorp shares held short by investors – that's known as Magyar Bancorp's "short interest". This figure is 306.1% up from 635 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 1983.8461538462). Magyar Bancorp's SIR currently stands at 1.3. In other words for every 100,000 Magyar Bancorp shares traded daily on the market, roughly 1300 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 0.0011% 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.

Magyar Bancorp share price volatility

Over the last 12 months, Magyar Bancorp's shares have ranged in value from as little as $7.6 up to $14.71. 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 0.3574. 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; commercial real estate, commercial business, and construction loans; and consumer loans, which consist of home equity lines of credit and stock-secured demand 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.

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