Magyar Bancorp, Inc.

Magyar Bancorp, Inc.verified

MGYR

Price:

$13.26

Market Cap:

$86.06M

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 ROE as of November 2024 (TTM) for Magyar Bancorp, Inc. (MGYR) is 7.27%

According to Magyar Bancorp, Inc.’s latest financial reports and current stock price. The company's current ROE is 7.27%. This represents a change of 498.11% compared to the average of 1.22% of the last 4 quarters.

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

How has MGYR ROE performed in the past?

The mean historical ROE of Magyar Bancorp, Inc. over the last ten years is 4.20%. The current 7.27% ROE has changed 73.02% with respect to the historical average. Over the past ten years (40 quarters), MGYR's ROE was at its highest in in the June 2021 quarter at 2.72%. The ROE was at its lowest in in the September 2024 quarter at 0%.

Quarterly (TTM)
Annual

Average

4.20%

Median

3.90%

Minimum

0%

Maximum

8.04%

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

Discovering the peaks and valleys of Magyar Bancorp, Inc. ROE, 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 = 62.71%

Maximum Annual ROE = 8.04%

Minimum Annual Increase = -100.00%

Minimum Annual ROE = 0%

Quarterly (TTM)
Annual
YearROEChange
20240%-100.00%
20237.36%-8.49%
20228.04%28.26%
20216.27%62.71%
20203.85%-29.73%
20195.48%38.70%
20183.95%37.37%
20172.88%25.86%
20162.29%18.94%
20151.92%53.80%

Magyar Bancorp, Inc. (MGYR) Average ROE

How has MGYR ROE performed in the past?

The current ROE 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

5.13%

5-year avg

5.10%

10-year avg

4.20%

Magyar Bancorp, Inc. (MGYR) ROE vs. Peers

How is MGYR’s ROE compared to its peers?

Magyar Bancorp, Inc.’s ROE is less than HV Bancorp, Inc. (5.26%), less than HMN Financial, Inc. (4.89%), less than Oconee Federal Financial Corp. (8.62%), less than Cullman Bancorp, Inc. (3.60%), less than Home Federal Bancorp, Inc. of Louisiana (6.25%), less than Community West Bancshares (0.44%), less than First Financial Northwest, Inc. (0.66%), greater than First Northwest Bancorp (-3.50%), less than First Capital, Inc. (10.83%),

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