How to buy Magyar Bancorp shares

Magyar Bancorp Inc (MGYR) is a publicly traded banking business based in the US which employs around 100 staff. Magyar Bancorp is listed on the NASDAQ and traded in US dollars. Its current price of $11.25 is 0.1% down on its price a month ago ($11.2658).

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Fees calculator for buying Magyar Bancorp shares with popular apps

Both exchange rates and share prices fluctuate in real time, so the costs estimated here should be considered as a guide only. They don't factor in spreads, which can be hard to pin down. Always refer to the platform itself for availability and pricing.

Quantity of shares

Platform	Finder score	Account fee	Min. initial deposit	Trade cost	Link
	4.39 ★★★★★	£0	$100	£904.39	Go to siteCapital at risk
	3.75 ★★★★★	0.12% per year	£0	£903.34	Go to siteCapital at risk
	4.3 ★★★★★	£0	£0	£904.39	Go to siteCapital at risk
	4.2 ★★★★★	£0	£1	£920.84	Go to siteCapital at risk
	4.34 ★★★★★	0% - 0.25%	£100	N/A	Go to siteCapital at risk
	4.1 ★★★★★	£0	£0	N/A	Read reviewCapital at risk
	4.4 ★★★★★	£0	£0	£904.39	Read reviewCapital at risk

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Alternative ways to invest in Magyar Bancorp

• Via a fund

Is it a good time to buy Magyar Bancorp stock?

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

• Price graph
• Historical data
• Technical analysis

Invest in Magyar Bancorp shares

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Is Magyar Bancorp under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Magyar Bancorp P/E ratio, PEG ratio and EBITDA

• P/E ratio

Frequently asked questions

• Does Magyar Bancorp pay dividends?

  • Dividend yield
  • Forward yield
  • Payout ratio

  Dividend yield: 1.83% of stock value

  Forward annual dividend yield: 1.83% of stock value

  Dividend payout ratio: 16.06% of net profits

  Magyar Bancorp has recently paid out dividends equivalent to 1.83% of its share value annually.

  Magyar Bancorp has paid out, on average, around 16.06% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.83% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 1.83% return on their shares, in the form of dividend payments. In Magyar Bancorp's case, that would currently equate to about 0.13 per share.

  While Magyar Bancorp's payout ratio might seem low, this can signify that the company is investing more in its future growth.

  Magyar Bancorp's most recent dividend payout was on 21 February 2024. The latest dividend was paid out to all shareholders who bought their shares by 6 February 2024 (the "ex-dividend date").

• What percentage of Magyar Bancorp is owned by insiders or institutions?

  Currently 17.181% of Magyar Bancorp shares are held by insiders and 30.6% by institutions.

• 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

• 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.

• How to sell Magyar Bancorp shares

  It's as easy to sell Magyar Bancorp as it is to buy! Here's how to sell Magyar Bancorp shares that you already own.

  1. Open your investment app. If you've got one with desktop access, you can log in online
  2. Go to your portfolio. This should be in the main menu
  3. Find your shares. You may be able to search your portfolio
  4. Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
  5. Sell your Magyar Bancorp shares. Your investment platform will let you know when your shares are sold

• Can you buy Magyar Bancorp shares with a debit card?

  Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.

• What's the easiest way to buy Magyar Bancorp shares?

  The easiest way to get hold of some Magyar Bancorp shares is to sign up for a share trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in Magyar Bancorp shares.

• Do you need to complete a W8-BEN form if you want to invest in Magyar Bancorp

  If you're investing in a US stock, you'll need to complete a W8-BEN form to minimise your tax liability. Whether these are automatically handled for you depends on your broker, so it would be a good idea to check with them directly.

• What is the key financial information for Magyar Bancorp?

  Magyar Bancorp financials

  Revenue TTM	$30.2 million
  Operating margin TTM	33.3%
  Gross profit TTM	$29.4 million
  Return on assets TTM	0.87%
  Return on equity TTM	7.32%
  Profit margin	24.97%
  Book value	$16.01
  Market capitalisation more info button	$73.1 million

  TTM: trailing 12 months