Magyar Bancorp ( NASDAQ:MGYR – Get Free Report ) posted its earnings results on Wednesday. The bank reported $0.52 earnings per share (EPS) for the quarter, FiscalAI reports. Magyar Bancorp had a return on equity of 9.59% and a net margin of 18.89%. The company had revenue of $10.64 million during the quarter.
Magyar Bancorp Stock Performance
Shares of Magyar Bancorp stock traded down $0.09 on Wednesday, reaching $20.15. The company had a trading volume of 4,300 shares, compared to its average volume of 3,834. The firm’s 50 day moving average price is $19.41 and its two-hundred day moving average price is $18.16. The firm has a market cap of $130.07 million, a PE ratio of 10.78 and a beta of 0.29. Magyar Bancorp has a 52-week low of $16.03 and a 52-week high of $22.15.
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Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Magyar Bancorp in a report on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold”.
Hedge Funds Weigh In On Magyar Bancorp
A number of hedge funds have recently made changes to their positions in th...