Magyar Bancorp Inc (MGYR)
NASDAQ:MGYR
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Magyar Bancorp
(NASDAQ:MGYR)
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Rating:77Outperform
Price Target:
$20.00
▲(13.96% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by improving financial performance (notably the strengthened balance sheet with zero debt, improving profitability, and strong cash conversion), supported by an attractive valuation (low P/E and dividend). Technical indicators add modest support with neutral-to-positive momentum, while corporate news is positive on earnings and dividend but notes higher credit-loss provisioning.
Positive Factors
De-risked balance sheet (no debt)
Removing debt materially reduces financial leverage and refinancing risk, giving the bank durable capital flexibility. A zero debt position supports steady funding cost control, capacity to absorb loan losses, and room to fund organic growth or dividends over the next several quarters.
Negative Factors
Higher credit-loss provisions
Rising provisions indicate either deteriorating asset quality or a more conservative reserve stance, which can compress net income and weaken capital accumulation. If credit stress persists, elevated provisioning could reduce lending capacity and earnings resilience over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked balance sheet (no debt)
Removing debt materially reduces financial leverage and refinancing risk, giving the bank durable capital flexibility. A zero debt position supports steady funding cost control, capacity to absorb loan losses, and room to fund organic growth or dividends over the next several quarters.
Read all positive factors
Magyar Bancorp (MGYR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$113.42M
Dividend Yield1.81%
Average Volume (3M)3.05K
Price to Earnings (P/E)8.8
Beta (1Y)0.17
Revenue Growth8.55%
EPS Growth25.00%
CountryUS
Employees91
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.80
Shares Outstanding6,462,729
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 Cap1.30
Enterprise Value/Revenue2.42
Enterprise Value/Gross Profit3.96
Enterprise Value/Ebitda9.12
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 makes money primarily through its bank subsidiary by (1) earning net interest income and (2) generating noninterest income from banking services. Net interest income is typically the largest revenue source: the bank collects interes...
Magyar Bancorp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.93M | 58.42M | 52.12M | 40.74M | 32.22M | 31.62M |
| Gross Profit | 37.20M | 35.21M | 31.44M | 30.03M | 29.43M | 27.05M |
| EBITDA | 16.15M | 14.75M | 11.99M | 11.58M | 12.01M | 9.56M |
| Net Income | 11.16M | 9.76M | 7.78M | 7.71M | 7.92M | 6.12M |
Balance Sheet | ||||||
| Total Assets | 1.07B | 997.66M | 951.92M | 907.29M | 798.54M | 773.99M |
| Cash, Cash Equivalents and Short-Term Investments | 17.06M | 22.98M | 41.21M | 82.66M | 40.16M | 88.13M |
| Total Debt | 50.91M | 49.05M | 28.57M | 33.90M | 20.37M | 23.36M |
| Total Liabilities | 944.24M | 878.82M | 841.37M | 802.50M | 700.04M | 676.35M |
| Stockholders Equity | 124.16M | 118.84M | 110.55M | 104.79M | 98.50M | 97.64M |
Cash Flow | ||||||
| Free Cash Flow | 11.84M | 9.81M | 5.51M | 8.18M | 10.81M | 8.84M |
| Operating Cash Flow | 12.27M | 10.39M | 6.32M | 8.48M | 11.20M | 9.26M |
| Investing Cash Flow | -71.10M | -64.25M | -90.29M | -66.05M | -69.74M | -8.20M |
| Financing Cash Flow | 33.53M | 35.35M | 37.04M | 99.17M | 14.28M | 12.41M |
Magyar Bancorp Technical Analysis
Positive
17.55
Price Trends
17.39
Positive
17.49
Positive
17.16
Positive
Market Momentum
0.02
Positive
51.58
Neutral
29.08
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 17.47, above the 50-day MA of 17.39, and above the 200-day MA of 17.16, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 51.58 is Neutral, neither overbought nor oversold. The STOCH value of 29.08 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $113.42M | 8.83 | 9.18% | 1.81% | 8.55% | 25.00% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $109.24M | 17.77 | 6.70% | 1.75% | 0.38% | 50.01% | |
64 Neutral | $107.51M | 9.35 | 14.94% | 6.08% | 11.40% | 29.64% | |
62 Neutral | $133.14M | 35.16 | 2.44% | 0.88% | 15.21% | 2015.08% | |
60 Neutral | $113.70M | -26.40 | -2.73% | 1.51% | -11.57% | -191.02% | |
54 Neutral | $108.88M | 37.94 | 1.50% | ― | 23.30% | ― |
* Financial Sector Average
MGYR
Magyar Bancorp
17.55
2.39
15.75%
RVSB
Riverview Bancorp
5.49
-0.31
-5.39%
UNB
Union Bankshares
23.30
-5.86
-20.10%
SFBC
Sound Financial Bancorp
42.57
-7.31
-14.65%
BSBK
Bogota Financial
8.47
1.47
21.00%
SRBK
SR Bancorp, Inc.
18.14
5.07
38.74%
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...
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.