Want to see MGYR full AI Analyst Report?
Top Page
Magyar Bancorp
(NASDAQ:MGYR)
Select Model
Select Model
Rating:80Outperform
Price Target:
$22.00
▲(12.82% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid financial performance (profitability and cash generation, with only moderate balance-sheet and margin pressure) and strong technical strength (price above key moving averages with positive momentum). Valuation adds support via a low P/E and a modest dividend, and recent corporate news reinforces improving results and shareholder returns.
Positive Factors
Deleveraged Balance Sheet
Removing debt materially strengthens capital flexibility and reduces interest expense sensitivity. A zero debt-to-equity position and steady equity growth support conservative underwriting, dividend capacity and resilience to funding stress, improving long-term financial stability.
Negative Factors
Rising Credit Provisions / Charge-off
Increased provisioning and a specific construction loan charge-off point to asset-quality pressure from commercial real estate and construction exposures. These credit costs can persist through cyclical downturns, eroding reserve levels and compressing medium-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraged Balance Sheet
Removing debt materially strengthens capital flexibility and reduces interest expense sensitivity. A zero debt-to-equity position and steady equity growth support conservative underwriting, dividend capacity and resilience to funding stress, improving long-term financial stability.
Read all positive factors
Magyar Bancorp (MGYR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$127.04M
Dividend Yield1.95%
Average Volume (3M)3.05K
Price to Earnings (P/E)10.2
Beta (1Y)0.19
Revenue Growth7.51%
EPS Growth20.96%
CountryUS
Employees91
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.90
Shares Outstanding6,455,383
10 Day Avg. Volume1,765
30 Day Avg. Volume3,047
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)0.91
Price to Sales (P/S)1.84
P/FCF Ratio10.97
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Magyar Bancorp Business Overview & Revenue Model
Company Description
Magyar Bancorp, Inc. functions as the parent entity for Magyar Bank, a financial institution that delivers a wide array of personal and business banking services. Serving individuals, companies, and non-profit organizations throughout New Jersey, ...
How the Company Makes Money
Magyar Bancorp primarily makes money through its subsidiary bank by earning interest and fees associated with banking products and services. The largest driver is typically net interest income: the bank collects interest on loans and other interes...
Magyar Bancorp Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
79
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.38M | 58.42M | 52.12M | 40.74M | 32.22M | 31.62M |
| Gross Profit | 38.37M | 35.21M | 31.44M | 30.03M | 29.43M | 27.05M |
| EBITDA | 17.22M | 14.75M | 11.99M | 11.58M | 12.01M | 9.56M |
| Net Income | 11.78M | 9.76M | 7.78M | 7.71M | 7.92M | 6.12M |
Balance Sheet | ||||||
| Total Assets | 1.05B | 997.66M | 951.92M | 907.29M | 798.54M | 773.99M |
| Cash, Cash Equivalents and Short-Term Investments | 39.41M | 22.98M | 41.21M | 82.66M | 40.16M | 88.13M |
| Total Debt | 49.05M | 49.05M | 28.57M | 33.90M | 20.37M | 23.36M |
| Total Liabilities | 921.88M | 878.82M | 841.37M | 802.50M | 700.04M | 676.35M |
| Stockholders Equity | 126.62M | 118.84M | 110.55M | 104.79M | 98.50M | 97.64M |
Cash Flow | ||||||
| Free Cash Flow | 14.93M | 9.81M | 5.51M | 8.18M | 10.81M | 8.84M |
| Operating Cash Flow | 14.98M | 10.39M | 6.32M | 8.48M | 11.20M | 9.26M |
| Investing Cash Flow | -55.04M | -64.25M | -90.29M | -66.05M | -69.74M | -8.20M |
| Financing Cash Flow | 44.49M | 35.35M | 37.04M | 99.17M | 14.28M | 12.41M |
Magyar Bancorp Risk Analysis
Magyar Bancorp disclosed 17 risk factors in its most recent earnings report. Magyar Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Magyar Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $127.04M | 10.25 | 9.59% | 1.81% | 7.51% | 20.96% | |
72 Outperform | $122.47M | 15.07 | 7.31% | 1.78% | -0.53% | 27.52% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $142.31M | 43.50 | 1.80% | 1.10% | 6.46% | 1.90% | |
60 Neutral | $116.23M | 8.98 | 14.72% | 5.81% | 10.15% | 28.62% | |
58 Neutral | $117.72M | 43.43 | 1.47% | ― | 21.45% | ― | |
54 Neutral | $103.06M | -27.09 | -2.50% | 1.52% | -11.21% | -176.24% |
* Financial Sector Average
MGYR
Magyar Bancorp
19.47
2.68
15.98%
RVSB
Riverview Bancorp
5.18
0.15
2.92%
UNB
Union Bankshares
23.45
-1.17
-4.77%
SFBC
Sound Financial Bancorp
47.32
0.87
1.87%
BSBK
Bogota Financial
9.12
-0.10
-1.08%
SRBK
SR Bancorp, Inc.
19.50
4.55
30.43%
Magyar Bancorp Corporate Events
DividendsFinancial Disclosures
Magyar Bancorp Declares Quarterly Dividend Amid Strong Results
Positive
Jul 23, 2026
Magyar Bancorp reported strong financial results for its fiscal third quarter and nine-month period ended June 30, 2026, with quarterly net income rising 25% year over year to $3.1 million and nine-month net income up 28% to $9.3 million. Earnings...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.