Insider Trading Roundup: Magyar Bancorp, Inc. $MGYR

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Magyar Bancorp, Inc. (MGYR) insider have most recently took part in a trading activity. On Dec 1, 2017 Fitzgerald John S, President and CEO bought 976 shares having total worth of $12,503 at the price of $12.81 per share, following the transaction a total of 55,142 shares owned by Fitzgerald John S.

Shares of Magyar Bancorp, Inc. (MGYR) traded up 2.3% on Dec 4, 2017, hitting $13.1. 881 shares of the company’s stock traded hands. Magyar Bancorp, Inc. has a 52 week low of $9.65 and a 52 week high of $13.9. The company’s market cap is $60 million.

Magyar Bancorp, Inc. (MGYR) last announced its earnings results on Nov 2, 2017. The company reported 0.08 earnings per share (EPS) for the quarter. The company had revenue of $5 million for the quarter During the same quarter in the previous year, the company posted 0.06 earnings per share. The company’s revenue for the quarter was up 9% on a year-over-year basis.

2017-11-02 2017-07-24 2017-01-25 2016-07-25 2016-04-25 2016-01-26 2015-11-16 2015-07-21 2015-04-23 2015-01-26
earnings per share 0.08 0.05 0.06 0.04 0.03 0.05 0.06 0.04 0.03 0.03
Revenue(M) 5.32 4.97 4.95 0 4.54 4.73 4.64 4.56 5.23 5.37

Magyar Bancorp, Inc. is the mid-tier stock holding company of Magyar Bank. The Company’s principal business consists of attracting retail deposits from the general public and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, construction loans and investment securities. It also originates consumer loans, which consist primarily of secured demand loans. It originates loans primarily for its loan portfolio. However, from time to time it has sold some of its long-term fixed-rate residential mortgage loans into the secondary market, while retaining the servicing rights for such loans. The Company’s primary lending market area is broader than its deposit market area and includes all of New Jersey. It faces intense competition within its market area both in making loans and attracting deposits. The Company’s market area has a high concentration of financial institutions including large money center and regional banks, community banks and credit unions. Magyar Bank is subject to extensive regulation, examination and supervision by the Commissioner of the New Jersey Department of Banking and Insurance (the Commissioner) as the issuer of its charter, and by the Federal Deposit Insurance Corporation as deposit insurer and its primary federal regulator.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.