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. was founded in 1922 and is headquartered in New Brunswick, New Jersey.
IPO Year: 2006
Exchange: NASDAQ
Website: magbank.com
NEW BRUNSWICK, N.J., July 25, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2024. The Company's net income was $1.7 million for the three months ended June 30, 2024 and $5.2 million for the nine months ended June 30, 2024. Basic and diluted earnings per share were $0.27 for the three months ended June 30, 2024 and $0.83 for the nine months ended June 30, 2024. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which will be paid on August 22, 2024 to stockholders of record as of August 8, 2024. Th
8-K - Magyar Bancorp, Inc. (0001337068) (Filer)
10-Q - Magyar Bancorp, Inc. (0001337068) (Filer)
8-K - Magyar Bancorp, Inc. (0001337068) (Filer)
11-K - Magyar Bancorp, Inc. (0001337068) (Filer)
10-Q - Magyar Bancorp, Inc. (0001337068) (Filer)
8-K - Magyar Bancorp, Inc. (0001337068) (Filer)
8-K - Magyar Bancorp, Inc. (0001337068) (Filer)
8-K - Magyar Bancorp, Inc. (0001337068) (Filer)
10-Q - Magyar Bancorp, Inc. (0001337068) (Filer)
8-K - Magyar Bancorp, Inc. (0001337068) (Filer)
NEW BRUNSWICK, N.J., Oct. 31, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and fiscal year ended September 30, 2024. The Company reported $2.5 million in net income for the three months ended September 30, 2024 compared with net income of $2.2 million for the three months ended September 30, 2023. The Company also reported net income of $7.8 million for the year ended September 30, 2024 compared with $7.7 million for the year ended September 30, 2023. The Company's basic and diluted earnings per share were $0.41 and $1.23 for the three months and year ended September 30, 2
NEW BRUNSWICK, N.J., July 25, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2024. The Company's net income was $1.7 million for the three months ended June 30, 2024 and $5.2 million for the nine months ended June 30, 2024. Basic and diluted earnings per share were $0.27 for the three months ended June 30, 2024 and $0.83 for the nine months ended June 30, 2024. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which will be paid on August 22, 2024 to stockholders of record as of August 8, 2024. Th
NEW BRUNSWICK, N.J., April 23, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2024. The Company reported a 6% increase in its net income for the three months ended March 31, 2024, to $1,897,000 compared with net income of $1,796,000 for the three months ended March 31, 2023. Net income for the six months ended March 31, 2024 was $3,549,000 compared with net income of $3,606,000 for the six months ended March 31, 2023. Basic and diluted earnings per share were $0.30 for the three months ended March 31, 2024 compared with $0.28 for the three months ended Mar
NEW BRUNSWICK, N.J., Jan. 25, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three months ended December 31, 2023. The Company reported net income for the three months ended December 31, 2023 of $1.7 million. Net income declined 8.7% from $1.8 million for the three months ended December 31, 2022. Basic and diluted earnings per share were $0.26 for the three months ended December 31, 2023 compared to $0.28 for the three months ended December 31, 2022. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which will be paid on February 22,
NEW BRUNSWICK, N.J., Nov. 14, 2023 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ:MGYR) announced that its Board of Directors has declared a special cash dividend of $0.07, payable December 12, 2023 to shareholders of record on November 28, 2023. About Magyar BancorpMagyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services. Today, Magyar operates seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater and Edison (2). Please visit us online at www.magbank.c
NEW BRUNSWICK, N.J., July 20, 2023 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2023. The Company reported $1,918,000 in net income for the three months ended June 30, 2023 compared with net income of $2,117,000 for the three months ended June 30, 2022. Net income for the nine months ended June 30, 2023 was $5,524,000 compared with net income of $5,489,000 for the nine months ended June 30, 2022. Basic and diluted earnings per share were $0.30 for the three months ended June 30, 2023 compared with $0.31 for the three months ended June 30, 2022. Basic and dilut
NEW BRUNSWICK, N.J., April 20, 2023 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2023. The Company reported a 7% increase in its net income for the three months ended March 31, 2023, to $1,796,000 compared with net income of $1,679,000 for the three months ended March 31, 2022. Net income for the six months ended March 31, 2023 was $3,606,000 compared with net income of $3,372,000 for the six months ended March 31, 2022. Basic and diluted earnings per share were $0.28 for the three months ended March 31, 2023 compared with $0.25 for the three months ended Marc
NEW BRUNSWICK, N.J., Jan. 26, 2023 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three months ended December 31, 2022. The Company reported a 6.9% increase in its net income for the three months ended December 31, 2022, to $1.8 million compared with net income of $1.7 million for the three months ended December 31, 2021. Basic and diluted earnings per share were $0.28 for the three months ended December 31, 2022 compared to $0.25 for the three months ended December 31, 2021. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share, which will be
NEW BRUNSWICK, N.J., Nov. 15, 2022 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ:MGYR) announced that its Board of Directors has declared a special cash dividend of $0.08, payable December 13, 2022 to shareholders of record on November 29, 2022. About Magyar Bancorp Magyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services. Today, Magyar operates seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater and Edison (2). Please visit us online at www.magbank.
NEW BRUNSWICK, N.J., Nov. 3, 2022 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and fiscal year ended September 30, 2022. The Company reported a 51% increase in its net income for the three months ended September 30, 2022, to $2,430,000 compared with net income of $1,610,000 for the three months ended September 30, 2021. The Company also reported net income of $7,919,000 for the year ended September 30, 2022 compared with $6,120,000 for the year ended September 30, 2021. The Company's basic and diluted earnings per share were $0.36 and $1.17 for the three and twelve months ended
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SC 13G/A - Magyar Bancorp, Inc. (0001337068) (Subject)
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SC 13G - Magyar Bancorp, Inc. (0001337068) (Subject)
NEW BRUNSWICK, N.J., Oct. 31, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and fiscal year ended September 30, 2024. The Company reported $2.5 million in net income for the three months ended September 30, 2024 compared with net income of $2.2 million for the three months ended September 30, 2023. The Company also reported net income of $7.8 million for the year ended September 30, 2024 compared with $7.7 million for the year ended September 30, 2023. The Company's basic and diluted earnings per share were $0.41 and $1.23 for the three months and year ended September 30, 2
NEW BRUNSWICK, N.J., April 23, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2024. The Company reported a 6% increase in its net income for the three months ended March 31, 2024, to $1,897,000 compared with net income of $1,796,000 for the three months ended March 31, 2023. Net income for the six months ended March 31, 2024 was $3,549,000 compared with net income of $3,606,000 for the six months ended March 31, 2023. Basic and diluted earnings per share were $0.30 for the three months ended March 31, 2024 compared with $0.28 for the three months ended Mar
NEW BRUNSWICK, N.J., Jan. 25, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three months ended December 31, 2023. The Company reported net income for the three months ended December 31, 2023 of $1.7 million. Net income declined 8.7% from $1.8 million for the three months ended December 31, 2022. Basic and diluted earnings per share were $0.26 for the three months ended December 31, 2023 compared to $0.28 for the three months ended December 31, 2022. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which will be paid on February 22,
NEW BRUNSWICK, N.J., Nov. 14, 2023 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ:MGYR) announced that its Board of Directors has declared a special cash dividend of $0.07, payable December 12, 2023 to shareholders of record on November 28, 2023. About Magyar BancorpMagyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services. Today, Magyar operates seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater and Edison (2). Please visit us online at www.magbank.c
NEW BRUNSWICK, N.J., July 20, 2023 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2023. The Company reported $1,918,000 in net income for the three months ended June 30, 2023 compared with net income of $2,117,000 for the three months ended June 30, 2022. Net income for the nine months ended June 30, 2023 was $5,524,000 compared with net income of $5,489,000 for the nine months ended June 30, 2022. Basic and diluted earnings per share were $0.30 for the three months ended June 30, 2023 compared with $0.31 for the three months ended June 30, 2022. Basic and dilut
NEW BRUNSWICK, N.J., April 20, 2023 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2023. The Company reported a 7% increase in its net income for the three months ended March 31, 2023, to $1,796,000 compared with net income of $1,679,000 for the three months ended March 31, 2022. Net income for the six months ended March 31, 2023 was $3,606,000 compared with net income of $3,372,000 for the six months ended March 31, 2022. Basic and diluted earnings per share were $0.28 for the three months ended March 31, 2023 compared with $0.25 for the three months ended Marc
NEW BRUNSWICK, N.J., Jan. 26, 2023 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three months ended December 31, 2022. The Company reported a 6.9% increase in its net income for the three months ended December 31, 2022, to $1.8 million compared with net income of $1.7 million for the three months ended December 31, 2021. Basic and diluted earnings per share were $0.28 for the three months ended December 31, 2022 compared to $0.25 for the three months ended December 31, 2021. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share, which will be
NEW BRUNSWICK, N.J., Nov. 15, 2022 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ:MGYR) announced that its Board of Directors has declared a special cash dividend of $0.08, payable December 13, 2022 to shareholders of record on November 29, 2022. About Magyar Bancorp Magyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services. Today, Magyar operates seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater and Edison (2). Please visit us online at www.magbank.
NEW BRUNSWICK, N.J., Oct. 27, 2022 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ:MGYR) announced today that its Board of Directors has declared a quarterly cash dividend of $0.03, payable November 23, 2022 to shareholders of record on November 10, 2022. About Magyar BancorpMagyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services. Today, Magyar operates seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater and Edison (2). Please visit us online at www.m
NEW BRUNSWICK, N.J., July 26, 2022 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2022. The Company reported a 27% increase in its net income for the three months ended June 30, 2022, to $2,117,000 compared with net income of $1,668,000 for the three months ended June 30, 2021. Net income for the nine months ended June 30, 2022 was $5,488,000 compared with net income of $4,510,000 for the nine months ended June 30, 2021. Basic and diluted earnings per share were $0.31 for the three months ended June 30, 2022 compared to $0.24 for the three months ended June 30,
Tuesday marks the last chance for investors to receive the next dividend payout from Magyar Bancorp (NASDAQ:MGYR). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 5 cents per share. On Wednesday, Magyar Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own MGYR as of the end of Tuesday's session are eligible to receive the 5 cents dividen
Magyar Bancorp (NASDAQ:MGYR) reported quarterly earnings of $0.26 per share. This is a 7.14 percent decrease over earnings of $0.28 per share from the same period last year.
The special cash dividend is payable on December 12, 2023 to shareholders of record on November 28, 2023.
On Thursday, 369 companies hit new 52-week lows. Noteworthy Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Coca-Cola (NYSE:KO). The smallest company by market cap to hit a new 52-week low was Neptune Wellness Solns (NASDAQ:NEPT). Aethlon Medical (NASDAQ:AEMD)'s stock fell the most, as it traded down 838.3% to reach a new 52-week low. American Tower (NYSE:AMT)'s stock showed potential to rebound, rebounding up 0.0% after reaching a new 52-week low. The following stocks achieved new 52-week lows on Thursday: Bank of America (NYSE:BAC) shares hit a yearly low of $25.56. The stock was down 0.73% on the session. Bristol-My
On Tuesday, 647 companies set new 52-week lows. Things to Consider About Today's 52-Week Lows: Bank of America (NYSE:BAC) was the biggest company on a market cap basis to set a new 52-week low. Blue Star Foods (NASDAQ:BSFC) was the smallest company by market cap to set a new 52-week low. Stryve Foods (NASDAQ:SNAX) shares dropped the most, trading down 27.96% to reach its new 52-week low. Royal Bank of Canada (NYSE:RY) shares rebounded the highest, with shares trading up 0.0%, bouncing back after reaching its new 52-week low. Stocks dropping to new 52-week lows on Tuesday: Bank of America (NYSE:BAC) shares set a new yearly low of $26.16 this morning. The stock was down 0.75% on
Tuesday marks the last chance for investors to receive the next dividend payout from Magyar Bancorp (NASDAQ:MGYR). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 3 cents per share. On Wednesday, Magyar Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 3 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own MGYR as of the end of Tuesday's session are eligible to receive the 3 cents dividen
Magyar Bancorp (NASDAQ:MGYR) reported quarterly earnings of $0.30 per share. This is a 3.23 percent decrease over earnings of $0.31 per share from the same period last year.
Tuesday marks the last chance for investors to receive the next dividend payout from Magyar Bancorp (NASDAQ:MGYR). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 3 cents per share. On Wednesday, Magyar Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 3 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own MGYR as of the end of Tuesday's session are eligible to receive the 3 cents dividen
Magyar Bancorp (NASDAQ:MGYR) reported quarterly earnings of $0.28 per share. This is a 12 percent increase over earnings of $0.25 per share from the same period last year.