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Home CompaniesMagyar Bancorp Inc

Magyar Bancorp Inc

Financial Services Banks - Regional
PortfolioPortfolio WatchlistWatchlist
Company price
21.71 USD -0.07 ( 0.32%)
Last update at 2026-11-12T14:49:00Z
VOLUME
1726
Market Cap
73.19M
P/E
55.50

Momentum Score

…

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. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
21.71
Low
21.86
High
52 Week Price Range
8.82
Low
11.95
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Magyar Bancorp, Inc. is a bank holding company that operates a regional community bank serving commercial, agricultural and consumer customers in its regional U.S. market. Its long-term growth may be driven by local loan and deposit expansion, potential benefits to net interest margin in favorable rate environments, and income from commercial and wealth-management services, which could support earnings stability and measured growth.
Key risks include sensitivity to interest rate swings and regional credit quality—particularly commercial and agricultural loan concentrations—along with competitive pressure from larger banks and regulatory compliance costs.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
21.78
Dividend Yield
1.81%
Revenue TTM
30.39M
Revenue Per Share
4.77
Gross Profit TTM
29.43M
Debt / Equity
0.16
ROE
7.33%
Net Debt
-3.18M
ROCE
1.38%
Diluted EPS TTM
0.20

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Income before tax 10.74M 11.17M 8.72M 3.11M 4.26M
Net income 7.71M 7.92M 6.12M 2.19M 3.00M
Selling general administrative 0.76M 11.80M 11.77M 11.55M 11.31M
Selling and marketing expenses 0.37M 0.45M - - -
Gross profit 30.42M 0.23M 29.00M 23.13M 22.53M
Reconciled depreciation - 0.84M 0.83M 0.85M 0.87M
Ebit - 13.84M 8.72M 3.11M 4.26M
Ebitda 10.74M 14.68M 9.56M 3.96M 5.13M
Depreciation and amortization - 0.84M 0.83M 0.85M 0.87M
Operating income 10.74M 13.84M 8.72M 3.11M 4.26M
Other operating expenses -19.68M 2.57M -20.27M -20.02M 18.27M
Interest expense 10.33M 2.48M 2.94M 5.51M 6.71M
Tax provision 3.03M 3.25M 2.60M 0.92M 1.26M
Interest income 38.07M 29.50M 28.53M 26.93M 27.10M
Net interest income 27.73M 27.02M 25.59M 21.41M 20.39M
Income tax expense 3.03M 3.25M 2.60M 0.92M 1.26M
Total revenue 30.42M 0.23M 29.00M 23.13M 22.53M
Total operating expenses -19.68M 2.57M -20.27M -20.02M -18.27M
Total other income expense net 10.64M -2.67M -2.94M -5.51M -6.71M
Net income from continuing ops 7.71M 7.92M 6.12M 2.19M 3.00M
Net income applicable to common shares - 7.92M 6.12M 2.19M 3.00M
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Total assets 907.29M 798.54M 657.76M 754.00M 630.33M
Intangible assets - - - - 0.03M
Earning assets - - - - 69.05M
Other current assets - 3.48M 3.53M 4.03M -39.48M
Total liab 802.50M 700.04M 560.12M 697.15M 575.68M
Total stockholder equity 104.79M 98.50M 97.64M 56.85M 54.65M
Other current liab - -18.02M -9.94M -8.99M -7.01M
Common stock 0.07M 0.07M 0.07M 0.06M 0.06M
Capital stock - 0.07M 0.07M 0.06M 0.06M
Retained earnings 52.17M 45.77M 39.28M 33.16M 30.97M
Other liab - 16.68M 3.24M 4.06M 3.81M
Other assets 187.24M 769.09M 481.19M 613.93M 527.67M
Cash 3.18M 30.94M 75.20M 61.73M 21.47M
Total current liabilities - 18.02M 9.94M 8.99M 7.01M
Net debt -3.18M -15.31M -51.84M 5.68M 14.72M
Short term debt - 4.74M - - 10.29M
Short long term debt - 4.74M - - 10.29M
Short long term debt total - 15.62M 23.36M 67.41M 36.19M
Other stockholder equity 54.34M 54.77M 59.24M 24.99M 24.95M
Property plant equipment - 13.88M 14.33M 14.75M 16.17M
Total current assets 706.71M 15.58M 91.66M 80.32M 40.30M
Long term investments - 632.83M 70.59M 609.73M 527.88M
Net tangible assets - 98.50M 97.64M 56.85M 54.65M
Short term investments 10.12M 9.23M 12.93M 14.56M 16.70M
Net receivables 693.41M 3.48M 3.53M 4.03M 2.13M
Long term debt - 10.88M 23.36M 67.41M 36.19M
Inventory - 0.28M 0.64M 2.59M 7.53M
Accounts payable - 13.28M 9.94M 8.99M 7.01M
Accumulated other comprehensive income -1.79M -2.11M -0.95M -1.36M -1.33M
Common stock total equity - 0.07M - 0.06M 0.06M
Retained earnings total equity - 45.77M - 33.16M 30.97M
Treasury stock - -5.79M - -1.24M -1.15M
Non currrent assets other - -100.88M -84.92M -59.75M -62.36M
Non current assets total 13.34M 13.88M 84.92M 59.75M 62.36M
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Investments - -29.54M -26.04M -12.23M 20.15M
Change to liabilities - 3.55M 1.94M -2.00M 1.74M
Total cashflows from investing activities - -69.74M -8.20M -79.96M -0.41M
Net borrowings - -9.16M -44.05M 31.22M 0.67M
Total cash from financing activities 99.17M 14.28M 12.41M 119.40M 0.72M
Change to operating activities - -1.93M -1.97M 0.38M -0.53M
Net income 7.71M 7.92M 6.12M 2.19M 3.00M
Change in cash - -44.27M 13.47M 40.26M 6.10M
Begin period cash flow 30.94M 75.20M 61.73M 21.47M 15.37M
End period cash flow 30.94M 30.94M 75.20M 61.73M 21.47M
Total cash from operating activities 8.48M 11.20M 9.26M 0.81M 5.79M
Issuance of capital stock - 0.00M 37.43M - -
Depreciation 0.98M 0.84M 0.83M 0.85M 0.87M
Other cashflows from investing activities - -37.20M 0.24M -67.58M -20.49M
Dividends paid -1.31M -1.43M -3.27M 1.43M 1.43M
Change to inventory - - -1.55M 0.70M -0.23M
Change to account receivables - 0.06M 0.50M -1.90M 0.05M
Sale purchase of stock - -4.55M -3.27M -0.09M -
Other cashflows from financing activities 100.48M 30.99M 25.59M 129.78M 9.66M
Change to netincome - -0.46M 1.84M 0.54M 0.21M
Capital expenditures 0.00M 0.39M 0.42M 0.15M 0.05M
Change receivables - 0.06M - -1.90M 0.05M
Cash flows other operating - -0.89M - 1.02M -0.18M
Cash and cash equivalents changes - -44.27M - 40.26M 6.10M
Change in working capital 8.00M 1.68M 0.47M -3.53M 1.25M
Stock based compensation 0.12M 0.18M 0.11M 0.13M 0.15M
Other non cash items -7.71M 0.43M 1.91M 2.05M 0.81M
Free cash flow 8.48M 10.81M 8.84M 0.67M 5.74M

Peer Comparison*

Sector: Financial Services Industry: Banks - Regional

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
MGYR
Magyar Bancorp Inc		 -0.07
0.32%		 21.71 55.50 - 2.41 0.68
DBSDY
DBS Group Holdings Ltd ADR		 -0.76
0.34%		 219.92 20.00 17.57 7.54 3.17
CIHHF
China Merchants Bank Co Ltd Class H		 -
-%		 6.62 7.70 7.10 0.55 0.83
CIHKY
China Merchants Bank Co Ltd		 0.28
0.82%		 34.49 7.79 7.20 0.55 0.85
UNCFF
UniCredit SpA		 -0.46
0.49%		 92.86 11.53 10.27 5.72 1.83

Profile*

Magyar Bancorp Inc

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. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

400 Somerset Street, New Brunswick, NJ, United States, 08901

732 342 7600

https://www.magbank.com

89

Name Title Year Born
Mr. John S. Fitzgerald Pres, CEO & Director 1964
Mr. Jon R. Ansari M.B.A. Exec. VP, CFO & Director 1974
Mr. Peter McIntyre Brown Sr. VP & Chief Lending Officer 1965
Mr. John Reissner Corp. Sec., First VP & Investor Relations Officer NA
Mr. John S. Fitzgerald President, CEO & Director 1964
Mr. Jon R. Ansari M.B.A. Executive VP, CFO & Director 1974
Mr. Peter McIntyre Brown Senior VP & Chief Lending Officer 1965
Mr. John Reissner Corporate Secretary, First VP & Investor Relations Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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