Magyar Bancorp (NASDAQ:MGYR) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.71 and traded as high as $14.20. Magyar Bancorp shares last traded at $14.20, with a volume of 1,892 shares.

Magyar Bancorp Stock Up 1.6 %

The firm has a fifty day moving average price of $13.81 and a 200-day moving average price of $12.71. The firm has a market cap of $91.99 million, a price-to-earnings ratio of 11.45 and a beta of 0.30.

Magyar Bancorp Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, December 6th. Magyar Bancorp’s dividend payout ratio (DPR) is 16.13%.

Institutional Investors Weigh In On Magyar Bancorp

An institutional investor recently bought a new position in Magyar Bancorp stock. Private Advisor Group LLC bought a new stake in Magyar Bancorp, Inc. (NASDAQ:MGYR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,064 shares of the bank’s stock, valued at approximately $136,000. Private Advisor Group LLC owned about 0.17% of Magyar Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 46.32% of the company’s stock.

Magyar Bancorp Company Profile

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.