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MGYR

Magyar Bancorp NasdaqGM:MGYR Stock Report

Last Price

US$11.85

Market Cap

US$84.1m

7D

1.2%

1Y

4.1%

Updated

03 Jul, 2022

Data

Company Financials
MGYR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends1/6

MGYR Stock Overview

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States.

Magyar Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Magyar Bancorp
Historical stock prices
Current Share PriceUS$11.85
52 Week HighUS$12.53
52 Week LowUS$10.15
Beta0.23
1 Month Change-0.88%
3 Month Change-1.62%
1 Year Change4.07%
3 Year Change18.82%
5 Year Change10.26%
Change since IPO35.83%

Recent News & Updates

Shareholder Returns

MGYRUS MortgageUS Market
7D1.2%-0.2%-2.2%
1Y4.1%-34.1%-21.2%

Return vs Industry: MGYR exceeded the US Mortgage industry which returned -34.1% over the past year.

Return vs Market: MGYR exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is MGYR's price volatile compared to industry and market?
MGYR volatility
MGYR Average Weekly Movement1.8%
Mortgage Industry Average Movement3.7%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: MGYR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MGYR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192298John Fitzgeraldhttps://www.magbank.com

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans.

Magyar Bancorp Fundamentals Summary

How do Magyar Bancorp's earnings and revenue compare to its market cap?
MGYR fundamental statistics
Market CapUS$84.07m
Earnings (TTM)US$6.65m
Revenue (TTM)US$27.75m

12.6x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MGYR income statement (TTM)
RevenueUS$27.75m
Cost of RevenueUS$0
Gross ProfitUS$27.75m
Other ExpensesUS$21.10m
EarningsUS$6.65m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.94
Gross Margin100.00%
Net Profit Margin23.96%
Debt/Equity Ratio20.4%

How did MGYR perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

3%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MGYR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MGYR?

Other financial metrics that can be useful for relative valuation.

MGYR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MGYR's PE Ratio compare to its peers?

MGYR PE Ratio vs Peers
The above table shows the PE ratio for MGYR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.9x
MCBK Madison County Financial
11.4xn/aUS$84.5m
LSBK Lake Shore Bancorp
14.1xn/aUS$78.4m
WBBW Westbury Bancorp
9.4xn/aUS$77.1m
HMNF HMN Financial
8.6xn/aUS$100.6m
MGYR Magyar Bancorp
12.6xn/aUS$84.1m

Price-To-Earnings vs Peers: MGYR is expensive based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (10.9x).


Price to Earnings Ratio vs Industry

How does MGYR's PE Ratio compare vs other companies in the US Mortgage Industry?

Price-To-Earnings vs Industry: MGYR is expensive based on its Price-To-Earnings Ratio (12.6x) compared to the US Mortgage industry average (11.4x)


Price to Earnings Ratio vs Fair Ratio

What is MGYR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MGYR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MGYR's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MGYR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MGYR ($11.85) is trading above our estimate of fair value ($7.17)

Significantly Below Fair Value: MGYR is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MGYR's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Magyar Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.8%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Magyar Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Magyar Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


32.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MGYR has high quality earnings.

Growing Profit Margin: MGYR's current net profit margins (24%) are higher than last year (16.9%).


Past Earnings Growth Analysis

Earnings Trend: MGYR's earnings have grown significantly by 32.3% per year over the past 5 years.

Accelerating Growth: MGYR's earnings growth over the past year (59.3%) exceeds its 5-year average (32.3% per year).

Earnings vs Industry: MGYR earnings growth over the past year (59.3%) exceeded the Mortgage industry 5.8%.


Return on Equity

High ROE: MGYR's Return on Equity (6.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Magyar Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: MGYR's Assets to Equity ratio (8.1x) is low.

Allowance for Bad Loans: MGYR has a sufficient allowance for bad loans (140%).

Low Risk Liabilities: 95% of MGYR's liabilities are made up of primarily low risk sources of funding.

Loan Level: MGYR has an appropriate level of Loans to Assets ratio (76%).

Low Risk Deposits: MGYR's Loans to Deposits ratio (90%) is appropriate.

Level of Bad Loans: MGYR has an appropriate level of bad loans (1%).


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Dividend

What is Magyar Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.01%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MGYR's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: MGYR's dividend (1.01%) is low compared to the top 25% of dividend payers in the US market (4.25%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether MGYR's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MGYR's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (2.7%), MGYR's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

17.5yrs

Average board tenure


CEO

John Fitzgerald (58 yo)

12.17yrs

Tenure

US$913,963

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...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD913.96K) is about average for companies of similar size in the US market ($USD799.15K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: MGYR's board of directors are seasoned and experienced ( 17.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Magyar Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Magyar Bancorp, Inc.
  • Ticker: MGYR
  • Exchange: NasdaqGM
  • Founded: 1922
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$84.074m
  • Shares outstanding: 7.10m
  • Website: https://www.magbank.com

Number of Employees


Location

  • Magyar Bancorp, Inc.
  • 400 Somerset Street
  • New Brunswick
  • New Jersey
  • 8901
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.