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Magyar Bancorp IncNASDAQ MGYR Stock Report

Last reporting period 31 Dec, 2023

Updated 05 Nov, 2024

Last price

Market cap $B

0.081

Micro

Exchange

XNAS - Nasdaq

MGYR Stock Analysis

MG

Uncovered

Magyar Bancorp Inc is uncovered by Eyestock quantitative analysis.

Upside

To determine whether the current price is a reasonable to buy a stock, we compare it to our estimate of fair value. The more undervalued a stock is, the higher the upside.

30.7 %

Undervalued

Market cap $B

0.081

Dividend yield

2.12 %

Shares outstanding

6.743 B

Website

Magyar Bancorp, Inc. is a bank holding company, which engages in the provision of financial services. The company is headquartered in New Brunswick, New Jersey and currently employs 87 full-time employees. The company went IPO on 2006-01-24. The company acts as an independent, community, financial services provider, and offers traditional banking and related financial services to individual, business, and government customers. The company offers 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. The Bank invests its 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, small business administration (SBA) loans, construction loans and investment securities. The company originates consumer loans, which consist primarily of secured demand loans. Its primary sources of funds are deposits, borrowings and principal and interest payments on loans and securities.

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