Magyar Bancorp Reports Strong Quarterly Earnings and Dividend

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

For the quarter ended December 31, 2025, Magyar Bancorp reported a 50% year-on-year increase in net income to $3.1 million, with basic earnings per share rising to $0.51 from $0.34, driven by higher net interest income, lower provisions for credit losses, and reduced operating expenses. The company expanded total assets to $1.045 billion, grew loans and deposits—particularly in commercial real estate and certificates of deposit—improved its net interest margin to 3.59% amid Federal Reserve rate cuts, sharply reduced non-performing assets, and reinforced shareholder returns by declaring a quarterly cash dividend of $0.10 per share payable on February 26, 2026 to stockholders of record on February 12, 2026, while also increasing book value per share and modestly repurchasing stock.

The most recent analyst rating on (MGYR) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Magyar Bancorp stock, see the MGYR Stock Forecast page.

Spark’s Take on MGYR Stock

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

Magyar Bancorp’s overall stock score is driven by its strong financial performance, characterized by consistent revenue growth and solid profitability margins. The valuation is attractive with a low P/E ratio and a reasonable dividend yield. However, technical analysis indicates a lack of strong momentum, which slightly offsets the positive financial and valuation aspects.

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, that has been serving families and businesses in Central New Jersey since 1922.

Average Trading Volume: 3,525

Technical Sentiment Signal: Buy

Current Market Cap: $115.3M

Find detailed analytics on MGYR stock on TipRanks’ Stock Analysis page.