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PRNewswire (Thu, 30-Oct 4:01 PM ET)
Magyar Bancorp Inc is an independent, community financial services provider offering traditional banking services to individual, business, and government customers. The Company attracts retail deposits through its main office in New Brunswick, New Jersey, and branch offices in Middlesex and Somerset Counties, and invests those funds mainly in commercial and residential real estate loans, commercial business loans, SBA loans, home equity loans and lines of credit, construction and land loans, and investment securities. Revenues are derived mainly from interest on loans and securities and from fees and service charges, with lending relationships focused on small to mid-sized businesses and individual consumers in central and northern New Jersey.
Magyar Bancorp trades on the NASDAQ stock market under the symbol MGYR.
As of December 31, 2025, MGYR stock price declined to $17.28 with 283 million shares trading.
MGYR has a market cap of $111.94 million. This is considered a Micro Cap stock.
In the last 3 years, MGYR traded as high as $19.04 and as low as $9.00.
The top ETF exchange traded funds that MGYR belongs to (by Net Assets): VXF, IWC, DFAT, DFAC, DFAS.
MGYR has outperformed the market in the last year with a price return of +19.6% while the SPY ETF gained +17.2%. However, in the short term, MGYR had mixed performance relative to the market. It has underperformed in the last 3 months, returning +0.5% vs +2.7% return in SPY. But in the last 2 weeks, MGYR shares have fared better than the market returning +1.5% compared to SPY +0.7%.
MGYR support price is $17.12 and resistance is $17.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MGYR shares will trade within this expected range on the day.
