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Magyar Bancorp Inc (MGYR)
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Upturn Advisory Summary
12/12/2024: MGYR (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 49.43% | Upturn Advisory Performance 5 | Avg. Invested days: 78 |
Profits based on simulation | Stock Returns Performance 3 | Last Close 12/12/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 49.43% | Avg. Invested days: 78 |
Upturn Star Rating | Stock Returns Performance 3 |
Profits based on simulation Last Close 12/12/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 85.93M USD |
Price to earnings Ratio 10.76 | 1Y Target Price 13 |
Dividends yield (FY) 1.54% | Basic EPS (TTM) 1.23 |
Volume (30-day avg) 6796 | Beta 0.28 |
52 Weeks Range 10.14 - 14.70 | Updated Date 12/8/2024 |
Company Size Small-Cap Stock | Market Capitalization 85.93M USD | Price to earnings Ratio 10.76 | 1Y Target Price 13 |
Dividends yield (FY) 1.54% | Basic EPS (TTM) 1.23 | Volume (30-day avg) 6796 | Beta 0.28 |
52 Weeks Range 10.14 - 14.70 | Updated Date 12/8/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 24.71% | Operating Margin (TTM) 44.23% |
Management Effectiveness
Return on Assets (TTM) 0.84% | Return on Equity (TTM) 7.23% |
Valuation
Trailing PE 10.76 | Forward PE - |
Enterprise Value 59479868 | Price to Sales(TTM) 2.99 |
Enterprise Value to Revenue 2.98 | Enterprise Value to EBITDA - |
Shares Outstanding 6490170 | Shares Floating 5182704 |
Percent Insiders 17.64 | Percent Institutions 31.75 |
Trailing PE 10.76 | Forward PE - | Enterprise Value 59479868 | Price to Sales(TTM) 2.99 |
Enterprise Value to Revenue 2.98 | Enterprise Value to EBITDA - | Shares Outstanding 6490170 | Shares Floating 5182704 |
Percent Insiders 17.64 | Percent Institutions 31.75 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Magyar Bancorp Inc.: A Comprehensive Overview
Company Profile:
History & Background:
Magyar Bancorp Inc. (MGYR) is a community-based bank holding company established in 1994. Headquartered in Edison, New Jersey, it serves primarily through its wholly-owned subsidiary, Magyar Bank, focusing on Hudson, Union, and Middlesex counties in New Jersey.
Core Business Areas:
- Commercial Banking: Serving businesses of different sizes with loans, treasury management, and deposit services.
- Residential Lending: Providing mortgages for home purchases, refinances, and construction.
- Consumer Banking: Offering checking and savings accounts, credit cards, and online banking services.
Leadership & Corporate Structure:
- President and CEO: Joseph V. Verdeschi
- Executive Vice President and COO: Thomas J. Mills
- Executive Vice President and CFO: William J. Muscarella
- Board of Directors: Comprised of 10 members with diverse backgrounds and experience.
Top Products & Market Share:
- Commercial Loans: MGYR holds a prominent position in its local market.
- Residential Mortgages: The company experiences strong performance in mortgage lending.
- Consumer Deposits: MGYR continues to expand its deposit base.
Market Share Analysis:
- Global: MGYR's market share in the global banking industry is relatively small due to its regional focus.
- US: The company holds a stronger position in its local market, particularly in commercial lending and residential mortgages.
Competition:
- Key competitors include regional banks such as 1st Constitution Bancorp (FCBC), Investors Bancorp (ISBC), and Provident Financial Services (PFS).
- MGYR effectively competes on the basis of personalized service, strong local relationships, and a diverse product portfolio.
Total Addressable Market:
The total addressable market for community banks like MGYR encompasses the target customer base within their geographic region. MGYR's focus on New Jersey presents a significant market opportunity.
Financial Performance:
- Revenue: Steady growth in recent years, primarily driven by loan and deposit growth.
- Net Income: Profitability has also increased, reflecting efficient expense management.
- Profit Margins: MGYR maintains healthy profit margins compared to industry peers.
- EPS: Earnings per share have shown a positive trend, indicating value creation for shareholders.
Year-over-Year Comparison:
MGYR's financial performance has consistently improved year-over-year, demonstrating strong financial health and growth potential.
Cash Flow & Balance Sheet:
- The company boasts a strong cash flow position and a well-capitalized balance sheet.
- MGYR demonstrates a conservative approach to risk management.
Dividends & Shareholder Returns:
- Dividend History: MGYR has a consistent dividend payout history with a current yield above the industry average.
- Shareholder Returns: Strong total shareholder returns over various timeframes, highlighting value creation for investors.
Growth Trajectory:
- Historical growth: MGYR has experienced consistent growth in recent years across key financial metrics.
- Future Projections: The company expects continued growth driven by organic expansion and strategic acquisitions.
- Recent Initiatives: MGYR is actively expanding its digital banking capabilities and pursuing new market opportunities.
Market Dynamics:
- The community banking industry is characterized by consolidation and technological advancements.
- MGYR is well-positioned to adapt to these changes through its focus on local markets and personalized service.
Potential Challenges & Opportunities:
- Key Challenges: Rising interest rates, competition from larger banks, and evolving customer preferences.
- Opportunities: Expanding digital offerings, entering new markets, and pursuing strategic partnerships.
Recent Acquisitions:
- No acquisitions have been reported by MGYR within the past three years.
AI-Based Fundamental Rating:
Rating: 7.5/10
MGYR demonstrates strong fundamentals, including consistent financial performance, healthy profitability, and a commitment to shareholder returns. However, its regional focus and exposure to rising interest rates pose potential challenges. The company's growth trajectory and adaptability to market changes remain crucial factors for future success.
Sources & Disclaimers:
- Data sources: MGYR's annual reports, SEC filings, company website, and industry reports.
- Disclaimer: This information is intended for general knowledge and does not constitute financial advice. Please consult with a qualified financial professional before making any investment decisions.
Conclusion:
MGYR presents an attractive investment opportunity with a combination of solid financial performance, a commitment to shareholder returns, and a strong competitive position in its local market. However, investors should carefully consider the potential challenges and opportunities faced by the company before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Magyar Bancorp Inc
Exchange | NASDAQ | Headquaters | New Brunswick, NJ, United States |
IPO Launch date | 2006-01-24 | President, CEO & Director | Mr. John S. Fitzgerald |
Sector | Financial Services | Website | https://www.magbank.com |
Industry | Banks - Regional | Full time employees | - |
Headquaters | New Brunswick, NJ, United States | ||
President, CEO & Director | Mr. John S. Fitzgerald | ||
Website | https://www.magbank.com | ||
Website | https://www.magbank.com | ||
Full time employees | - |
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. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.
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