Dimensional Fund Advisors LP Sells 903 Shares of Magyar Bancorp, Inc. (MGYR)
Dimensional Fund Advisors LP lessened its stake in Magyar Bancorp, Inc. (NASDAQ:MGYR) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,904 shares of the bank’s stock after selling 903 shares during the period. Dimensional Fund Advisors LP owned about 1.60% of Magyar Bancorp worth $1,248,000 as of its most recent SEC filing.
Shares of Magyar Bancorp, Inc. (NASDAQ MGYR) opened at $12.80 on Friday. Magyar Bancorp, Inc. has a 52 week low of $10.61 and a 52 week high of $14.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $74.16, a PE ratio of 53.08 and a beta of -0.09.
Magyar Bancorp (NASDAQ:MGYR) last released its earnings results on Thursday, November 2nd. The bank reported $0.08 earnings per share for the quarter. Magyar Bancorp had a return on equity of 2.95% and a net margin of 5.93%. The company had revenue of $5.32 million during the quarter.
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Magyar Bancorp, Inc is a holding company of Magyar Bank (the Bank). The Bank’s principal business consists of attracting retail deposits from the public in the areas surrounding its main office in New Brunswick, New Jersey and its branch offices located in Middlesex and Somerset Counties, New Jersey.
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