Magyar Bancorp Inc (MGYR)
NASDAQ:MGYR
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Magyar Bancorp
(NASDAQ:MGYR)
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Rating:78Outperform
Price Target:
$20.50
▲(16.81% Upside)
Action:ReiteratedDate:04/24/26
The score is driven primarily by solid financial performance (profitability and strong free-cash-flow conversion) and an attractive valuation (low P/E with a dividend). Technicals are supportive with the stock trading above major moving averages, while corporate updates reinforce earnings/dividend momentum but note some credit-cost and fee-related offsets.
Positive Factors
Sustained Profitability and Margins
Consistent TTM margins near 18% (net) and ~25% (EBIT) alongside rising revenue demonstrate durable core earnings power from lending spreads and fee activities. Sustained margins support internal reinvestment, dividends and buybacks, and provide buffers against moderate margin compression over months.
Negative Factors
Rising Leverage Trend
An increasing debt-to-equity ratio signals greater reliance on borrowed funds and raises sensitivity to funding costs. Higher leverage can magnify earnings volatility if rates or credit costs rise, and it may constrain management's flexibility on dividends, buybacks or growth initiatives during stress periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability and Margins
Consistent TTM margins near 18% (net) and ~25% (EBIT) alongside rising revenue demonstrate durable core earnings power from lending spreads and fee activities. Sustained margins support internal reinvestment, dividends and buybacks, and provide buffers against moderate margin compression over months.
Read all positive factors
Magyar Bancorp (MGYR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$112.72M
Dividend Yield1.81%
Average Volume (3M)3.05K
Price to Earnings (P/E)8.8
Beta (1Y)0.17
Revenue Growth8.55%
EPS Growth25.21%
CountryUS
Employees91
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.48
Shares Outstanding6,477,991
10 Day Avg. Volume1,765
30 Day Avg. Volume3,047
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)0.91
Price to Sales (P/S)1.84
P/FCF Ratio10.97
Enterprise Value/Market Cap1.43
Enterprise Value/Revenue2.69
Enterprise Value/Gross Profit4.41
Enterprise Value/Ebitda10.15
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Magyar Bancorp Business Overview & Revenue Model
Company Description
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 deposi...
How the Company Makes Money
Magyar Bancorp primarily makes money through its banking subsidiary by earning net interest income and generating noninterest income. (1) Net interest income: The core earnings driver is the spread between interest income earned on loans and inves...
Magyar Bancorp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 59.91M | 58.42M | 52.12M | 40.74M | 32.22M | 31.62M |
| Gross Profit | 36.54M | 35.21M | 31.44M | 30.03M | 29.43M | 27.05M |
| EBITDA | 15.89M | 14.75M | 11.99M | 11.58M | 12.01M | 9.56M |
| Net Income | 10.81M | 9.76M | 7.78M | 7.71M | 7.92M | 6.12M |
Balance Sheet | ||||||
| Total Assets | 1.05B | 997.66M | 951.92M | 907.29M | 798.54M | 773.99M |
| Cash, Cash Equivalents and Short-Term Investments | 55.77M | 22.98M | 41.21M | 82.66M | 40.16M | 88.13M |
| Total Debt | 49.05M | 49.05M | 28.57M | 33.90M | 20.37M | 23.36M |
| Total Liabilities | 923.75M | 878.82M | 841.37M | 802.50M | 700.04M | 676.35M |
| Stockholders Equity | 121.75M | 118.84M | 110.55M | 104.79M | 98.50M | 97.64M |
Cash Flow | ||||||
| Free Cash Flow | 10.96M | 9.81M | 5.51M | 8.18M | 10.81M | 8.84M |
| Operating Cash Flow | 11.16M | 10.39M | 6.32M | 8.48M | 11.20M | 9.26M |
| Investing Cash Flow | -61.66M | -64.25M | -90.29M | -66.05M | -69.74M | -8.20M |
| Financing Cash Flow | 26.09M | 35.35M | 37.04M | 99.17M | 14.28M | 12.41M |
Magyar Bancorp Technical Analysis
Positive
17.55
Price Trends
17.62
Positive
17.45
Positive
17.14
Positive
Market Momentum
0.09
Negative
54.96
Neutral
74.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MGYR, the sentiment is Positive. The current price of 17.55 is above the 20-day moving average (MA) of 17.41, below the 50-day MA of 17.62, and above the 200-day MA of 17.14, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 54.96 is Neutral, neither overbought nor oversold. The STOCH value of 74.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MGYR.
Magyar Bancorp Risk Analysis
Magyar Bancorp disclosed 17 risk factors in its most recent earnings report. Magyar Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Magyar Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $112.72M | 8.83 | 9.18% | 1.81% | 8.55% | 25.21% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $107.28M | 18.92 | 2.98% | 1.51% | 8.43% | 518.13% | |
60 Neutral | $113.92M | 9.35 | 15.47% | 6.08% | 11.37% | 29.58% | |
60 Neutral | $105.67M | ― | 6.70% | 1.75% | 0.38% | 50.07% | |
59 Neutral | $146.27M | 36.23 | 2.22% | 0.88% | 15.21% | 2015.08% | |
50 Neutral | $106.71M | 51.05 | 1.50% | ― | 31.50% | ― |
* Financial Sector Average
MGYR
Magyar Bancorp
17.40
3.56
25.70%
RVSB
Riverview Bancorp
5.18
-1.13
-17.84%
UNB
Union Bankshares
24.69
-6.87
-21.78%
SFBC
Sound Financial Bancorp
41.15
-8.77
-17.56%
BSBK
Bogota Financial
8.26
1.19
16.83%
SRBK
SR Bancorp, Inc.
19.31
6.37
49.26%
Magyar Bancorp Corporate Events
DividendsFinancial Disclosures
Magyar Bancorp Delivers Strong Earnings Growth and Dividend
Positive
Apr 23, 2026
On April 23, 2026, Magyar Bancorp reported that net income for the quarter ended March 31, 2026 rose 13% to $3.0 million, and six-month net income climbed 29% to $6.2 million compared with the prior-year periods. Earnings growth was driven by an e...
Executive/Board ChangesShareholder Meetings
Magyar Bancorp Shareholders Back Board, Pay and Auditor
Positive
Feb 12, 2026
At the 2026 Annual Meeting of Stockholders held on February 11, 2026, Magyar Bancorp shareholders elected Susan Eisenhauer and Maureen Ruane to the board of directors for three-year terms, reinforcing the company’s existing governance struct...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresShareholder Meetings
Magyar Bancorp Highlights Record 2025 Results, Boosts Dividend
Positive
Feb 11, 2026
At its February 11, 2026 annual shareholders meeting, Magyar Bancorp highlighted record fiscal 2025 earnings of $9.8 million, a 25% increase from 2024, supported by 10% loan growth, expanding net interest margin and strong asset quality with low n...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Magyar Bancorp Reports Strong Quarterly Earnings and Dividend
Positive
Jan 29, 2026
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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.