Magyar Bancorp (MGYR) AI Stock Analysis

• Market Cap: $102.05M
• Dividend Yield: 1.52%
• Average Volume (3M): 8.15K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 0.32
• Revenue Growth: 20.91%
• EPS Growth: 20.30%
• Country: US
• Employees: 91
• Sector: Financial
• Sector Strength: 79
• Industry: Banks - Regional
• EPS (TTM): 0.43
• Shares Outstanding: 6,470,948
• 10 Day Avg. Volume: 12,110
• 30 Day Avg. Volume: 8,155
• PEG Ratio: 0.67
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.80
• Enterprise Value/Market Cap: 0.68
• Enterprise Value/Revenue: 0.33
• Enterprise Value/Gross Profit: 3.14
• Enterprise Value/Ebitda: 2.70
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: $17.50 ▲(10.97%Upside)

Magyar Bancorp's strong financial performance, as shown by its revenue growth and efficient operations, is the most significant factor in its stock score. The stock's overbought technical indicators slightly offset the positive earnings and valuation outlook, suggesting potential caution. The valuation is fair, offering reasonable value with a modest dividend yield. No additional influence from earnings call or corporate events data.

Magyar Bancorp Business Overview & Revenue Model

Company Description

Magyar Bancorp, Inc. is a bank holding company based in New Brunswick, New Jersey. Through its subsidiary, Magyar Bank, it serves the financial needs of individuals and small to medium-sized businesses primarily in Central New Jersey. The company provides a range of financial products and services, including retail and commercial banking, mortgage lending, and deposit products.

How the Company Makes Money

Magyar Bancorp generates revenue through its core banking operations. The company earns interest income from loans it provides to individuals and businesses, such as residential and commercial mortgages, home equity loans, and lines of credit. Additionally, it collects interest on investment securities. Non-interest income is derived from service charges on deposit accounts, fees from loan originations, and other financial services. The bank also benefits from strategic partnerships with financial service providers, which can offer additional fee-based revenue streams.

Magyar Bancorp Financial Statement Overview

Summary

Magyar Bancorp exhibits strong revenue growth, a healthy profit margin, and robust balance sheet indicators such as low debt-to-equity ratio and solid equity ratio. Cash flow generation is effective, though there is room for improvement in cash flow growth.

Income Statement

Magyar Bancorp exhibits a strong revenue growth trajectory, with total revenue increasing from $31.5M to $54.9M in TTM. Gross Profit Margin stands at 40.1%, supported by consistent profit generation. Net Profit Margin at 16.4% reflects healthy profitability. There is a notable improvement in EBIT and EBITDA margins at 36.0% and 9.3% respectively, indicating efficient cost management and operational efficiency.

Balance Sheet

The balance sheet shows robust financial health with a Debt-to-Equity Ratio of 0.30, suggesting low financial leverage and prudent debt management. The Equity Ratio is 11.2%, indicating a solid capital base. Return on Equity (ROE) is strong at 7.9%, demonstrating effective use of shareholder equity to generate profit.

Cash Flow

Magyar Bancorp's cash flow statement indicates stable operations with a Free Cash Flow to Net Income Ratio of 0.77, reflecting good cash generation relative to net income. Operating Cash Flow to Net Income Ratio is 0.87, suggesting effective conversion of income into cash. Free Cash Flow growth is moderate, pointing towards stable but not aggressive liquidity enhancement.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
54.86M	31.50M	30.42M	32.22M	29.00M	22.82M
	Gross Profit
21.98M	31.53M	30.42M	29.43M	29.00M	23.13M
	EBIT
19.75M	11.04M	10.74M	13.84M	8.72M	5.84M
	EBITDA
5.08M	11.99M	11.58M	11.17M	8.72M	4.27M
	Net Income Common Stockholders
9.00M	7.78M	7.71M	7.92M	6.12M	2.19M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
93.19M	41.21M	82.66M	40.16M	88.13M	76.29M
	Total Assets
1.02B	951.92M	907.29M	798.54M	657.76M	754.00M
	Total Debt
33.92M	28.57M	29.52M	20.37M	23.36M	67.41M
	Net Debt
-39.02M	2.97M	-43.02M	-10.57M	-51.84M	5.68M
	Total Liabilities
907.57M	841.37M	802.50M	700.04M	560.12M	697.15M
	Stockholders Equity
114.29M	110.55M	104.79M	98.50M	97.64M	56.85M
Cash Flow		Free Cash Flow
6.89M	5.51M	8.18M	10.81M	8.84M	667.00K
	Operating Cash Flow
7.83M	6.32M	8.48M	11.20M	9.26M	814.00K
	Investing Cash Flow
-69.07M	-90.29M	-66.05M	-69.74M	-8.20M	-79.96M
	Financing Cash Flow
84.19M	37.04M	99.17M	14.28M	12.41M	119.40M

Magyar Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.77
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MGYR, the sentiment is Positive. The current price of 15.77 is above the 20-day moving average (MA) of 15.55, above the 50-day MA of 14.59, and above the 200-day MA of 13.71, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 68.34 is Neutral, neither overbought nor oversold. The STOCH value of 56.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MGYR.

Magyar Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PROV	70 Outperform	$101.37M	15.86	5.09%	3.66%	5.62%	-5.99%
MGYR	68 Neutral	$102.05M	11.08	8.11%	1.52%	20.91%	20.30%
Sector *	64 Neutral	$12.85B	9.81	7.79%	78.20%	12.23%	-7.93%
PBHC	54 Neutral	$94.43M	31.55	2.30%	2.60%	11.12%	53.85%
FNWB	53 Neutral	$82.42M	―	-10.46%	3.26%	10.31%	-557.61%
BSBK	41 Neutral	$94.71M	―	-0.73%	―	-9.96%	-23.54%

Magyar Bancorp Corporate Events

Magyar Bancorp Announces New Stock Repurchase Program

On May 22, 2025, Magyar Bancorp announced the completion of its stock repurchase program authorized in December 2022, having repurchased 337,146 shares at an average price of $12.23. The Board of Directors has authorized a new stock repurchase program to buy back up to 5% of its outstanding shares, or 323,547 shares, with timing dependent on market conditions and company liquidity needs. This move aims to manage capital effectively and support corporate purposes, potentially impacting shareholder value and market perception.