Magyar Bancorp Announces New Stock Repurchase Program

Magyar Bancorp ( (MGYR) ) has shared an update.

On May 22, 2025, Magyar Bancorp announced the completion of its stock repurchase program authorized in December 2022, having repurchased 337,146 shares at an average price of $12.23. The Board of Directors has authorized a new stock repurchase program to buy back up to 5% of its outstanding shares, or 323,547 shares, with timing dependent on market conditions and company liquidity needs. This move aims to manage capital effectively and support corporate purposes, potentially impacting shareholder value and market perception.

Spark’s Take on MGYR Stock

According to Spark, TipRanks’ AI Analyst, MGYR is a Outperform.

Magyar Bancorp shows strong financial stability with no debt and effective equity management, contributing significantly to its high score. Despite some variability in cash flow, the company’s robust earnings and strategic expansions underscore its potential for growth. While technical indicators show a neutral outlook, the attractive valuation metrics provide a compelling case for investment.

To see Spark’s full report on MGYR stock, click here.

More about Magyar Bancorp

Magyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services.

Average Trading Volume: 3,433

Technical Sentiment Signal: Buy

Current Market Cap: $99.52M

For detailed information about MGYR stock, go to TipRanks’ Stock Analysis page.