Geode Capital Management LLC Has $713,000 Stock Position in Magyar Bancorp, Inc. (NASDAQ:MGYR)

Geode Capital Management LLC boosted its stake in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 57,876 shares of the bank’s stock after buying an additional 3,437 shares during the period. Geode Capital Management LLC’s holdings in Magyar Bancorp were worth $713,000 as of its most recent filing with the SEC.

Separately, Private Advisor Group LLC acquired a new stake in Magyar Bancorp during the 3rd quarter worth approximately $136,000. Institutional investors and hedge funds own 46.32% of the company’s stock.

Magyar Bancorp Stock Performance

Shares of MGYR stock opened at $13.70 on Friday. The company has a market capitalization of $88.75 million, a P/E ratio of 11.05 and a beta of 0.30. The company’s 50 day moving average price is $13.84 and its two-hundred day moving average price is $12.74. Magyar Bancorp, Inc. has a 52 week low of $10.30 and a 52 week high of $14.74.

Magyar Bancorp Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.04 dividend. The ex-dividend date was Friday, December 6th. Magyar Bancorp’s dividend payout ratio (DPR) is presently 16.13%.

Magyar Bancorp Company Profile

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 deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit.