Magyar Bancorp, Inc.

Magyar Bancorp, Inc.verified

MGYR

Price:

$14.65

Market Cap:

$94.90M

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services...[Read more]

Industry

Banks - Regional

IPO Date

2006-01-24

Stock Exchange

NASDAQ

Ticker

MGYR

The Dividend Yield as of December 2024 (TTM) for Magyar Bancorp, Inc. (MGYR) is 1.64%

According to Magyar Bancorp, Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 1.64%. This represents a change of 181.90% compared to the average of 0.58% of the last 4 quarters.

Magyar Bancorp, Inc. (MGYR) Historical Dividend Yield (quarterly & annually)

How has MGYR Dividend Yield performed in the past?

The mean historical Dividend Yield of Magyar Bancorp, Inc. over the last ten years is 0.58%. The current 1.64% Dividend Yield has changed 180.58% with respect to the historical average. Over the past ten years (40 quarters), MGYR's Dividend Yield was at its highest in in the December 2023 quarter at 1.00%. The Dividend Yield was at its lowest in in the December 2014 quarter at 0%.

Quarterly (TTM)
Annual

Average

0.58%

Median

0%

Minimum

0%

Maximum

2.15%

Magyar Bancorp, Inc. (MGYR) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Magyar Bancorp, Inc. Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual Dividend Yield = 2.15%

Minimum Annual Increase = 0%

Minimum Annual Dividend Yield = 0%

Quarterly (TTM)
Annual
YearDividend YieldChange
20242.15%7.62%
20232.00%17.96%
20221.69%Infinity%
20210%0%
20200%0%
20190%0%
20180%0%
20170%0%
20160%0%
20150%0%

Magyar Bancorp, Inc. (MGYR) Average Dividend Yield

How has MGYR Dividend Yield performed in the past?

The current Dividend Yield of Magyar Bancorp, Inc. (MGYR) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.95%

5-year avg

1.17%

10-year avg

0.58%

Magyar Bancorp, Inc. (MGYR) Dividend Yield vs. Peers

How is MGYR’s Dividend Yield compared to its peers?

Magyar Bancorp, Inc.’s Dividend Yield is greater than HV Bancorp, Inc. (0%), less than HMN Financial, Inc. (1.00%), less than Oconee Federal Financial Corp. (3.08%), less than Cullman Bancorp, Inc. (1.26%), less than Home Federal Bancorp, Inc. of Louisiana (3.93%), less than Community West Bancshares (2.88%), less than First Financial Northwest, Inc. (1.23%), less than First Northwest Bancorp (2.78%), less than First Capital, Inc. (3.55%),

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