Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Michael Lombardi was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
Magyar Bancorp, Inc. Declares A Quarterly Cash Dividend, Payable on May 21, 2026 Magyar Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share, which will be paid on May 21, 2026 to stockholders of record as of May 7, 2026. Announcement • Jan 30
Magyar Bancorp, Inc. Declares Quarterly Dividend, Payable on February 26, 2026 Magyar Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share, which will be paid on February 26, 2026 to stockholders of record as of February 12, 2026. Announcement • Jan 03
Magyar Bancorp, Inc., Annual General Meeting, Feb 11, 2026 Magyar Bancorp, Inc., Annual General Meeting, Feb 11, 2026. Location: state theatre, 15 livingston avenue, new jersey, new brunswick United States Announcement • Oct 31
Magyar Bancorp, Inc. Approves Quarterly Cash Dividend, Payable on November 25, 2025 Magyar Bancorp, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.08 per common share to shareholders of record at the close of business on November 13, 2025, payable on November 25, 2025. Announcement • Jul 25
Magyar Bancorp, Inc. Declares Cash Dividend for the Third Quarter Ended June 30, 2025, Payable on August 21, 2025 Magyar Bancorp, Inc. announced that its Board of Directors declared an increase in its quarterly cash dividend to $0.08 per share for the third quarter ended June 30, 2025, which will be paid on August 21, 2025 to stockholders of record as of August 7, 2025. Announcement • May 01
Magyar Bancorp, Inc. Declares Quarterly Dividend, Payable on May 28, 2025 Magyar Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share, which will be paid on May 28, 2025 to stockholders of record as of May 14, 2025. Announcement • Jan 24
Magyar Bancorp, Inc. Declares Quarterly Dividend, Payable on February 20, 2025 Magyar Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share, which will be paid on February 20, 2025 to stockholders of record as of February 6, 2025. Announcement • Dec 20
Magyar Bancorp, Inc., Annual General Meeting, Feb 20, 2025 Magyar Bancorp, Inc., Annual General Meeting, Feb 20, 2025. Announcement • Nov 23
Magyar Bancorp, Inc. Declares Special Cash Dividend, Payable on December 20, 2024 Magyar Bancorp, Inc. announced that its Board of Directors has declared a special cash dividend of $0.04, payable December 20, 2024 to shareholders of record on December 6, 2024. Announcement • Nov 01
Magyar Bancorp, Inc. Declares Quarterly Dividend, Payable on November 27, 2024 Magyar Bancorp, Inc. Magyar Bank announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which will be paid on November 27, 2024 to stockholders of record as of November 14, 2024. Declared Dividend • Apr 27
Dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 6th May 2024 Payment date: 21st May 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 50% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
Second quarter 2024 earnings released: EPS: US$0.30 (vs US$0.28 in 2Q 2023) Second quarter 2024 results: EPS: US$0.30 (up from US$0.28 in 2Q 2023). Revenue: US$7.53m (up 2.0% from 2Q 2023). Net income: US$1.90m (up 5.6% from 2Q 2023). Profit margin: 25% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
Magyar Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on May 21, 2024 Magyar Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which will be paid on May 21, 2024 to stockholders of record as of May 7, 2024. Upcoming Dividend • Jan 31
Upcoming dividend of US$0.05 per share at 1.7% yield Eligible shareholders must have bought the stock before 07 February 2024. Payment date: 22 February 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.2%). Reported Earnings • Jan 27
First quarter 2024 earnings released: EPS: US$0.26 (vs US$0.28 in 1Q 2023) First quarter 2024 results: EPS: US$0.26 (down from US$0.28 in 1Q 2023). Revenue: US$7.37m (up 2.8% from 1Q 2023). Net income: US$1.65m (down 8.7% from 1Q 2023). Profit margin: 22% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jan 26
Magyar Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 22, 2024 Magyar Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which will be paid on February 22, 2024 to stockholders of record as of February 8, 2024. Announcement • Jan 13
Magyar Bancorp, Inc., Annual General Meeting, Feb 22, 2024 Magyar Bancorp, Inc., Annual General Meeting, Feb 22, 2024, at 14:00 US Eastern Standard Time. Location: State Theatre, 15 Livingston Avenue New Brunswick New Jersey United States Agenda: To consider the election of Directors; to consider the ratification of the appointment of S.R Snodgrass, P.C. as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024. Reported Earnings • Dec 19
Full year 2023 earnings released: EPS: US$1.20 (vs US$1.17 in FY 2022) Full year 2023 results: EPS: US$1.20. Revenue: US$30.0m (up 2.1% from FY 2022). Net income: US$7.71m (down 2.7% from FY 2022). Profit margin: 26% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.50% (down from 3.61% in FY 2022). Non-performing loans: 0.73% (up from 0.45% in FY 2022). Upcoming Dividend • Nov 20
Upcoming dividend of US$0.07 per share at 1.7% yield Eligible shareholders must have bought the stock before 27 November 2023. Payment date: 12 December 2023. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.6%). Announcement • Nov 17
the Global Smaller Companies Trust plc Declares Special Dividend, Payable on Payable December 12, 2023 Magyar Bancorp, Inc. announced that its Board of Directors has declared a special cash dividend of $0.07 per share, payable December 12, 2023 to shareholders of record on November 28, 2023. Recent Insider Transactions • Nov 07
Independent Director recently bought US$141k worth of stock On the 3rd of November, Michael Lombardi bought around 15k shares on-market at roughly US$9.51 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$496k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 01
Full year 2023 earnings released: EPS: US$1.20 (vs US$1.17 in FY 2022) Full year 2023 results: EPS: US$1.20. Revenue: US$30.0m (up 2.1% from FY 2022). Net income: US$7.71m (down 2.7% from FY 2022). Profit margin: 26% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Oct 31
Magyar Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on November 24, 2023 Magyar Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share, which will be paid on November 24, 2023 to stockholders of record as of November 9, 2023. Upcoming Dividend • Jul 26
Upcoming dividend of US$0.03 per share at 1.8% yield Eligible shareholders must have bought the stock before 02 August 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.3%). Reported Earnings • Jul 21
Third quarter 2023 earnings released: EPS: US$0.30 (vs US$0.31 in 3Q 2022) Third quarter 2023 results: EPS: US$0.30 (down from US$0.31 in 3Q 2022). Revenue: US$7.59m (up 2.1% from 3Q 2022). Net income: US$1.92m (down 9.4% from 3Q 2022). Profit margin: 25% (down from 28% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 02
Independent Director recently bought US$102k worth of stock On the 25th of May, Michael Lombardi bought around 10k shares on-market at roughly US$10.17 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$355k more in shares than they have sold in the last 12 months. Upcoming Dividend • Apr 26
Upcoming dividend of US$0.03 per share at 1.9% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.6%). Reported Earnings • Apr 24
Second quarter 2023 earnings released: EPS: US$0.28 (vs US$0.25 in 2Q 2022) Second quarter 2023 results: EPS: US$0.28 (up from US$0.25 in 2Q 2022). Revenue: US$7.38m (up 7.3% from 2Q 2022). Net income: US$1.80m (up 7.0% from 2Q 2022). Profit margin: 24% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 14
First quarter 2023 earnings released: EPS: US$0.28 (vs US$0.25 in 1Q 2022) First quarter 2023 results: EPS: US$0.28 (up from US$0.25 in 1Q 2022). Revenue: US$7.17m (up 2.6% from 1Q 2022). Net income: US$1.81m (up 6.9% from 1Q 2022). Profit margin: 25% (up from 24% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 01
Upcoming dividend of US$0.03 per share at 1.6% yield Eligible shareholders must have bought the stock before 08 February 2023. Payment date: 23 February 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (6.2%). Announcement • Jan 27
Magyar Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 23, 2023 Magyar Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share, which will be paid on February 23, 2023 to stockholders of record as of February 9, 2023. Announcement • Jan 06
Magyar Bancorp, Inc., Annual General Meeting, Feb 16, 2023 Magyar Bancorp, Inc., Annual General Meeting, Feb 16, 2023, at 14:00 US Eastern Standard Time. Location: at State Theatre, 15 Livingston Avenue New Brunswick New Jersey United States Agenda: To consider the election of three directors, to consider ratification of the appointment of RSM US LLP as independent registered public accounting firm for the year ending September 30, 2023; and to consider such other matters as may properly come before the Annual Meeting, or any adjournments thereof. Reported Earnings • Dec 26
Full year 2022 earnings released: EPS: US$1.17 (vs US$1.01 in FY 2021) Full year 2022 results: EPS: US$1.17 (up from US$1.01 in FY 2021). Revenue: US$29.4m (up 7.5% from FY 2021). Net income: US$7.92m (up 29% from FY 2021). Profit margin: 27% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.61% (up from 3.53% in FY 2021). Non-performing loans: 0.53% (down from 1.37% in FY 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 21
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 28 November 2022. Payment date: 13 December 2022. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (6.6%). Recent Insider Transactions • Nov 16
Insider recently bought US$253k worth of stock On the 8th of November, Michael Lombardi bought around 20k shares on-market at roughly US$12.66 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Nov 16
Magyar Bancorp, Inc. Declares Special Cash Dividend, Payable December 13, 2022 Magyar Bancorp, Inc. announced that its Board of Directors has declared special cash dividend of $0.08, payable December 13, 2022 to shareholders of record on November 29, 2022. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Director Michael Lombardi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Full year 2022 earnings released: EPS: US$1.17 (vs US$1.01 in FY 2021) Full year 2022 results: EPS: US$1.17 (up from US$1.01 in FY 2021). Revenue: US$29.4m (up 7.5% from FY 2021). Net income: US$7.92m (up 29% from FY 2021). Profit margin: 27% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.03 per share Eligible shareholders must have bought the stock before 09 November 2022. Payment date: 23 November 2022. Payout ratio is a comfortable 4.9% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (6.5%). Announcement • Oct 28
Magyar Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on November 23, 2022 Magyar Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.03, payable November 23, 2022 to shareholders of record on November 10, 2022. Announcement • Sep 24
Magyar Bancorp, Inc. Announces Director Changes On September 22, 2022, the Board of Directors of Magyar Bancorp, Inc. elected Susan Eisenhauer, Michael F. Lombardi and Maureen Ruane to serve as Directors of the Company. Ms. Eisenhauer and Ms. Ruane were each elected to serve as a member of the class of Directors whose terms expire following the fiscal year ending September 30, 2022. Mr. Lombardi was elected to serve as a member of the class of Directors whose terms expire following the fiscal year ending September 30, 2023. None of the individuals was elected as a Director pursuant to any arrangement or understanding between the individual and any other person. Announcement • Jul 28
Magyar Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on August 18, 2022 Magyar Bancorp, Inc. announced that its Board of Directors has declared quarterly cash dividend of $0.03, which will be paid on August 18, 2022 to stockholders of record as of August 4, 2022. Reported Earnings • Jul 27
Third quarter 2022 earnings released: EPS: US$0.30 (vs US$0.23 in 3Q 2021) Third quarter 2022 results: EPS: US$0.30 (up from US$0.23 in 3Q 2021). Revenue: US$7.44m (up 7.2% from 3Q 2021). Net income: US$2.12m (up 27% from 3Q 2021). Profit margin: 28% (up from 24% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
Second quarter 2022 earnings released: EPS: US$0.25 (vs US$0.21 in 2Q 2021) Second quarter 2022 results: EPS: US$0.25 (up from US$0.21 in 2Q 2021). Revenue: US$6.88m (flat on 2Q 2021). Net income: US$1.68m (up 12% from 2Q 2021). Profit margin: 24% (up from 22% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Executive VP, CFO & Director Jon Ansari was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Magyar Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on May 19, 2022 Magyar Bancorp, Inc. announced that its Board of Directors has declared quarterly cash dividend of $0.03, payable May 19, 2022 to shareholders of record on May 5, 2022. Reported Earnings • Apr 21
Second quarter 2022 earnings released: EPS: US$0.25 (vs US$0.21 in 2Q 2021) Second quarter 2022 results: EPS: US$0.25 (up from US$0.21 in 2Q 2021). Revenue: US$6.88m (flat on 2Q 2021). Net income: US$1.68m (up 12% from 2Q 2021). Profit margin: 24% (up from 22% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 19
Magyar Bancorp, Inc. Announces Resignation of Martin A. Lukacs from Board of Directors Magyar Bancorp, Inc. announced that director Martin A. Lukacs retired from the Board of Directors pursuant to a provision of the Company’s bylaws that requires retirement from the Board at the Annual Meeting immediately following the year in which the Director attains age seventy-five (75). Upcoming Dividend • Feb 02
Inaugural dividend of US$0.03 per share Eligible shareholders must have bought the stock before 09 February 2022. Payment date: 24 February 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Magyar Bancorp since going public. The average dividend yield among industry peers is 3.7%. Announcement • Jan 28
Magyar Bancorp, Inc. Declares Quarterly Cash Dividend, Payable February 24, 2022 Magyar Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.03, payable February 24, 2022 to shareholders of record on February 10, 2022. Reported Earnings • Jan 27
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: US$0.25 (up from US$0.19 in 1Q 2021). Revenue: US$6.99m (up 5.4% from 1Q 2021). Net income: US$1.69m (up 27% from 1Q 2021). Profit margin: 24% (up from 20% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jan 26
Magyar Bancorp, Inc. Provides Earnings Guidance for the Year 2022 Magyar Bancorp, Inc. provided earnings guidance for the year 2022. The company expects to continue the positive earnings momentum through the rest of the year. Reported Earnings • Dec 22
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.01 (up from US$0.31 in FY 2020). Revenue: US$27.4m (up 28% from FY 2020). Net income: US$6.12m (up 180% from FY 2020). Profit margin: 22% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 28
Third quarter 2021 earnings released: EPS US$0.29 (vs US$0.072 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$6.93m (up 26% from 3Q 2020). Net income: US$1.67m (up 228% from 3Q 2020). Profit margin: 24% (up from 9.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.