Stock of The Day: Magyar Bancorp Inc (NASDAQ:MGYR) Institutional Investors Quarterly Sentiment

November 22, 2016 - By Hazel Jackson   ·   0 Comments

Stock of The Day: Magyar Bancorp Inc (NASDAQ:MGYR) Institutional Investors Quarterly Sentiment

Sentiment for Magyar Bancorp Inc (NASDAQ:MGYR)

Magyar Bancorp Inc (NASDAQ:MGYR) institutional sentiment increased to 3 in Q2 2016. Its up 1.00, from 2 in 2016Q1. The ratio improved, as 2 funds started new or increased positions, while 1 sold and decreased holdings in Magyar Bancorp Inc. The funds in our partner’s database now have: 679,830 shares, up from 679,690 shares in 2016Q1. Also, the number of funds holding Magyar Bancorp Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 1 Increased: 2 New Position: 0.

Magyar Bancorp, Inc. is a holding company of Magyar Bank . The company has a market cap of $60.45 million. The Bank’s principal business consists of attracting retail deposits from the public in the areas surrounding its main office in New Brunswick, New Jersey and its branch offices located in Middlesex and Somerset Counties, New Jersey. It has a 56.89 P/E ratio. The Bank invests those deposits, together with funds generated from activities 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 stock decreased 1.70% or $0.18 on November 21, hitting $10.38. Magyar Bancorp, Inc. (NASDAQ:MGYR) has risen 6.47% since April 20, 2016 and is uptrending. It has outperformed by 1.91% the S&P500.

According to Zacks Investment Research, “Magyar Bancorp, Inc. is the parent company of Magyar Bank in New Brunswick, New Jersey. Magyar Bank offers a complete line of retail and business banking products with offices in New Brunswick, North Brunswick and South Brunswick, New Jersey. It offers low-to-moderate income mortgages that provide home ownership opportunities to many families & help stabilize urban neighborhoods. It invests in communities by offering business loans resulting in employment opportunites. They are committed to provide service that consistently exceeds the needs of customers and clients. They believe that quality personlized service will result in long-term customer & business relationships.”

Pl Capital Advisors Llc holds 1.82% of its portfolio in Magyar Bancorp, Inc. for 539,833 shares. Blackrock Fund Advisors owns 657 shares or 0% of their US portfolio. Moreover, Creative Planning has 0% invested in the company for 9,336 shares. The Texas-based Dimensional Fund Advisors Lp has invested 0% in the stock. First Manhattan Co, a New York-based fund reported 22,939 shares.#img1#

MGYR Company Profile

Magyar Bancorp, Inc., incorporated on September 15, 2005, is a holding firm of Magyar Bank (the Bank). The Bank’s principal business consists of attracting retail deposits from the public in the areas surrounding its main office in New Brunswick, New Jersey and its branch offices located in Middlesex and Somerset Counties, New Jersey. The Bank invests those deposits, together with funds generated from activities 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 Bank also originates consumer loans, which consist of secured demand loans.

Another recent and important Magyar Bancorp, Inc. (NASDAQ:MGYR) news was published by Prnewswire.com which published an article titled: “Magyar Bancorp, Inc. Announces Fourth Quarter And Year End Financial Results” on November 02, 2016.

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By Hazel Jackson


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