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Magyar Bancorp Inc. - MGYR STOCK NEWS

Welcome to our dedicated news page for Magyar Bancorp (Ticker: MGYR), a resource for investors and traders seeking the latest updates and insights on Magyar Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Magyar Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Magyar Bancorp's position in the market.

Rhea-AI Summary
Magyar Bancorp, Inc. reported a 6% increase in net income for the three months ended March 31, 2024, compared to the same period last year. The company's net income for the six months ended March 31, 2024, was $3,549,000. Basic and diluted earnings per share increased to $0.30 for the three months ended March 31, 2024. The Board of Directors declared a quarterly cash dividend of $0.05 per share, payable on May 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.21%
Tags
dividends earnings
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Rhea-AI Summary
Magyar Bancorp (NASDAQ: MGYR) reported a net income of $1.7 million for the three months ended December 31, 2023, marking an 8.7% decline from the same period in 2022. The company's basic and diluted earnings per share were $0.26 for the three months ended December 31, 2023, compared to $0.28 for the same period in 2022. Despite challenges such as an inverted yield curve and pressure on net interest margin, the company was able to grow its loan portfolio by 4.5%. Magyar Bancorp's Board of Directors declared a quarterly cash dividend of $0.05 per share, payable on February 22, 2024, to stockholders of record as of February 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3%
Tags
dividends earnings
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Rhea-AI Summary
Magyar Bancorp, Inc. (NASDAQ: MGYR) Declares Special Cash Dividend of $0.07
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
dividends
Rhea-AI Summary
Magyar Bancorp reported net income of $2,185,000 for the three months ended September 30, 2023, compared to $2,430,000 for the same period in 2022. For the fiscal year ended September 30, 2023, the company reported net income of $7,709,000, a decrease from $7,919,000 in the previous year. The basic and diluted earnings per share for the three months and year ended September 30, 2023, were $0.34 and $1.20, respectively. The company also declared a quarterly cash dividend of $0.04 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
dividends earnings
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Rhea-AI Summary
Magyar Bancorp reports Q2 2023 net income of $1.9M, declares $0.03 dividend per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags
dividends earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.49%
Tags
dividends earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
dividends earnings
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
Magyar Bancorp Inc.

Nasdaq:MGYR

MGYR Rankings

MGYR Stock Data

72.86M
5.34M
17.18%
30.6%
0.05%
Commercial Banking
Finance and Insurance
Link
United States
New Brunswick

About MGYR

magyar bank is your one stop solution for all your banking needs. we've been helping families and businesses reach their financial dreams since 1922, and we're an active leader in the communities we serve. each year, we support over 75 local organizations through employees volunteering their time, and corporate donations. no matter what your banking needs, magyar bank is ready to help. http://bit.ly/2baby3d. member fdic.