Magyar Bancorp (MGYR) Earns Daily Coverage Optimism Rating of 0.16

Media headlines about Magyar Bancorp (NASDAQ:MGYR) have been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Magyar Bancorp earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 48.0770691063571 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

MGYR traded down $0.15 during trading hours on Friday, reaching $12.47. The company’s stock had a trading volume of 1,400 shares, compared to its average volume of 2,157. Magyar Bancorp has a fifty-two week low of $12.01 and a fifty-two week high of $13.94. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.64.

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Magyar Bancorp (NASDAQ:MGYR) last released its quarterly earnings data on Wednesday, April 25th. The bank reported $0.07 EPS for the quarter. Magyar Bancorp had a return on equity of 3.66% and a net margin of 6.00%. The firm had revenue of $5.19 million for the quarter.

Magyar Bancorp Company Profile

Magyar Bancorp, Inc operates as the mid-tier stock holding company for Magyar Bank that provides various banking products and services to families and businesses in New Jersey, the United States. Its product portfolio includes various deposit products, such as demand, NOW, money market, savings, and retirement accounts, as well as certificates of deposit; and loan products comprising one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, small business administration loans, and construction loans, as well as consumer loans, which primarily include secured demand loans.

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