Magyar Bancorp Management
Management criteria checks 3/4
Magyar Bancorp's CEO is John Fitzgerald, appointed in May 2010, has a tenure of 14.67 years. total yearly compensation is $1.19M, comprised of 46.1% salary and 53.9% bonuses, including company stock and options. directly owns 2.33% of the company’s shares, worth $2.15M. The average tenure of the management team and the board of directors is 14.7 years and 11.3 years respectively.
Key information
John Fitzgerald
Chief executive officer
US$1.2m
Total compensation
| CEO salary percentage | 46.1% |
| CEO tenure | 14.7yrs |
| CEO ownership | 2.3% |
| Management average tenure | 14.7yrs |
| Board average tenure | 11.3yrs |
Recent management updates
Recent updates
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Magyar Bancorp, Inc.'s (NASDAQ:MGYR) CEO For Now
Feb 16
Magyar Bancorp (NASDAQ:MGYR) Is Due To Pay A Dividend Of $0.05
Jan 29Magyar Bancorp (NASDAQ:MGYR) Has Announced A Dividend Of $0.03
Jul 25Magyar Bancorp (NASDAQ:MGYR) Has Announced A Dividend Of $0.03
Apr 25Magyar Bancorp (NASDAQ:MGYR) Will Pay A Dividend Of $0.03
Feb 01Magyar Bancorp declares $0.03 dividend
Jul 26Magyar Bancorp, Inc.'s (NASDAQ:MGYR) CEO Compensation Is Looking A Bit Stretched At The Moment
Feb 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | US$1m | US$549k | US$8m |
| Jun 30 2024 | n/a | n/a | US$7m |
| Mar 31 2024 | n/a | n/a | US$8m |
| Dec 31 2023 | n/a | n/a | US$8m |
| Sep 30 2023 | US$1m | US$523k | US$8m |
| Jun 30 2023 | n/a | n/a | US$8m |
| Mar 31 2023 | n/a | n/a | US$8m |
| Dec 31 2022 | n/a | n/a | US$8m |
| Sep 30 2022 | US$2m | US$498k | US$8m |
| Jun 30 2022 | n/a | n/a | US$7m |
| Mar 31 2022 | n/a | n/a | US$7m |
| Dec 31 2021 | n/a | n/a | US$6m |
| Sep 30 2021 | US$914k | US$474k | US$6m |
| Jun 30 2021 | n/a | n/a | US$5m |
| Mar 31 2021 | n/a | n/a | US$4m |
| Dec 31 2020 | n/a | n/a | US$3m |
| Sep 30 2020 | US$875k | US$452k | US$2m |
| Jun 30 2020 | n/a | n/a | US$2m |
| Mar 31 2020 | n/a | n/a | US$2m |
| Dec 31 2019 | n/a | n/a | US$3m |
| Sep 30 2019 | US$712k | US$431k | US$3m |
| Jun 30 2019 | n/a | n/a | US$3m |
| Mar 31 2019 | n/a | n/a | US$3m |
| Dec 31 2018 | n/a | n/a | US$2m |
| Sep 30 2018 | US$617k | US$411k | US$2m |
Compensation vs Market: John's total compensation ($USD1.19M) is above average for companies of similar size in the US market ($USD649.07K).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
CEO
John Fitzgerald (60 yo)
14.7yrs
Tenure
US$1,190,454
Compensation
Mr. John S. Fitzgerald has been the Chief Executive Officer and President of Magyar Bancorp, Inc. since May 27, 2010. Mr. Fitzgerald has been the Chief Executive Officer and President of Magyar Bank since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.7yrs | US$1.19m | 2.33% $ 2.1m | |
| Executive VP | 20yrs | US$765.68k | 1.79% $ 1.6m | |
| Corporate Secretary | no data | no data | no data | |
| Senior VP & Chief Lending Officer | 5.5yrs | US$325.51k | 0.37% $ 340.0k |
14.7yrs
Average Tenure
59yo
Average Age
Experienced Management: MGYR's management team is seasoned and experienced (14.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.7yrs | US$1.19m | 2.33% $ 2.1m | |
| Executive VP | 7.9yrs | US$765.68k | 1.79% $ 1.6m | |
| Independent Director | 20yrs | US$79.15k | 0.51% $ 470.9k | |
| Independent Chairman of the Board | 20yrs | US$128.28k | 0.68% $ 625.1k | |
| Independent Vice Chairman of the Board | 20yrs | US$112.14k | 0.52% $ 476.0k | |
| Independent Director | 2.3yrs | US$60.77k | 0.057% $ 52.4k | |
| Independent Director | 2.3yrs | US$65.48k | 0.085% $ 78.6k | |
| Independent Director | less than a year | US$10.38k | no data |
11.3yrs
Average Tenure
63yo
Average Age
Experienced Board: MGYR's board of directors are seasoned and experienced ( 11.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/13 13:00 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Magyar Bancorp, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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