Magyar Bancorp, Inc. is a bank holding company of Magyar Bank (the Bank). It acts as an independent, community, financial services provider, and offers traditional banking and related financial services to individual, business and government customers. Its principal business consists of attracting retail deposits from the public. The Bank invests its deposits, together with funds generated from operations and wholesale funding, in commercial real estate loans, residential mortgage loans, commercial business loans, small business administration loans, home equity loans, home equity lines of credit, construction and land loans and investment securities. It offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits, the making of commercial, consumer and home equity loans, and the provision of other financial services. Additionally, its source of funds includes principal and interest payments from loans and securities.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 15.89% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 33.77M.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 33.77M.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 19.17%.
Overvalued
The company’s latest PB is 0.92, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 2.14M shares, increasing 4.73% quarter-over-quarter.
Held by James Simons
Star Investor James Simons holds 0.00 shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of -0.06.