Magyar Bancorp (MGYR)
Operates a New Jersey bank for consumer, business, and government customers.
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Provides deposits, commercial and consumer lending, and home-equity lending through Magyar Bank in New Jersey. The holding company has one reportable segment; Magyar Service Corporation adds investments, financial planning, insurance, annuities, and retirement planning.
Runs a New Jersey community-banking franchise through Magyar Bank. The bank takes time, savings, and demand deposits and makes commercial, consumer, and home-equity loans; it also provides other financial services. Magyar Service Corporation offers non-deposit investments, financial planning, insurance products, annuities, and retirement planning.
Deposit gathering centers on branches in Middlesex and Somerset Counties, while lending reaches across New Jersey. The company operates one reportable segment because its branches offer similar banking products to similar customers within the same regulatory environment.
Money-center, regional, community banks and credit unions compete for loans and deposits in its market area. The holding company has no significant business activity beyond owning Magyar Bank.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $39.4M · Total debt $49.1M · Total assets $1.05B · Shareholders' equity $126.6M
- Revenue
- $16.1M
- Operating income
- $4.4M
- Net income
- $3.1M
Raised for 3 straight years — most recently to $0.10 from $0.08 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 6, 2026 | Aug 6 | Aug 20 | $0.10 | |
| May 7, 2026 | May 7 | May 21 | $0.10 | |
| Feb 12, 2026 | Feb 12 | Feb 26 | $0.10 | raised from $0.08 |
| Nov 13, 2025 | Nov 13 | Nov 25 | $0.08 | |
| Aug 7, 2025 | Aug 7 | Aug 21 | $0.08 | raised from $0.06 |
| May 14, 2025 | May 14 | May 28 | $0.06 | |
| Feb 6, 2025 | Feb 6 | Feb 20 | $0.06 | raised from $0.05 |
| Dec 6, 2024 | Dec 6 | Dec 20 | $0.04 | special dividend |
| Institutions23 holders · as of Mar 31, 2026 | 31.31% | 2.02M shares | |
| Insiders7 holders · as of Aug 31, 2026 | 4.89% | 315.6K shares | |
| Otherremainder | 63.80% | 4.12M shares |
6.46M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
AllianceBernstein L.P.Institution | 9.89% | 638,179 | 13Fas of Mar 31, 2026 |
Employee Stock Ownership Plan TrustInstitution | 7.59% | 490,260 | 13Gfiled Feb 1, 2022 ↗ |
Magyar Bank Employee Stock Ownership Plan TrustInstitution | 6.90% | 445,300 | 13Gfiled Feb 9, 2026 ↗ |
M3F, Inc.Institution | 4.40% | 283,894 | 13Fas of Mar 31, 2026 |
Maltese Capital Management LLCInstitution | 3.67% | 236,753 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 11, 2025 | Michael R. Lombardi | director | +289 | $17.10 |
| Dec 12, 2025 | Michael R. Lombardi | director | +261 | $17.24 |
- Unity Bancorp
Middlesex and Somerset branch banking and credit
- Provident Financial Services
New Jersey deposits, lending, and wealth services
- Valley National Bancorp
Central New Jersey retail and commercial banking
- SR Bancorp
New Jersey deposits and loans for individuals and small businesses
- OceanFirst
New Jersey commercial, residential, and consumer banking
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Magyar Bancorp | $19.68 | 0.00% | $124.9M | 10.3 | — | 2.0 | +9.9% |
| Unity Bancorp | $58.44 | −0.81% | $590.3M | 10.2 | 9.7 | 2.8 | −4.9% |
| Provident Financial Services | $23.47 | +0.31% | $3.05B | 9.7 | 9.4 | 2.2 | +9.7% |
| Valley National Bancorp | $13.66 | −1.12% | $7.65B | 11.5 | 9.8 | 2.6 | +13.3% |
| SR Bancorp | $19.66 | +0.82% | $142.9M | 43.9 | 27.7 | 2.8 | — |
| OceanFirst | $19.11 | +3.13% | $1.15B | 22.5 | 9.4 | 1.6 | +36.3% |
| Median | 11.5 | 9.7 | 2.6 | +11.5% |