Magyar Bancorp (MGYR) AI Stock Analysis

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Magyar Bancorp

(NASDAQ:MGYR)

Select Model

Rating:81Outperform

Price Target:$26.00▲(18.51% Upside)

Action:reiterated

Date:10/31/26

Strong financial performance and positive corporate events from robust earnings and dividend raise are the primary drivers, complemented by attractive valuation and bullish technical indicators.

Positive Factors

Earnings Growth and ProfitabilitySustained revenue expansion and a healthy TTM net margin indicate that Magyar Bancorp is converting business growth into meaningful earnings. Rising net income strengthens internal capital generation, supports investment in the franchise, and provides a durable base for shareholder returns over coming quarters.

Negative Factors

Higher Debt BurdenAlthough leverage remains moderate, the increase in debt reduces financial flexibility compared with the earlier lower-leverage profile. A larger funding burden can constrain capital allocation and leave less room to absorb weaker results, higher funding costs, or slower balance-sheet growth.

Magyar Bancorp (MGYR) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $141.63M
Dividend Yield: 1.91%
Average Volume (3M): 4,516
Price to Earnings (P/E): 10.7
Beta (1Y): 0.15
Revenue Growth: 8.91%
EPS Growth: 30.08%
Country: US
Employees: 95
Sector: Financial
Sector Strength: 68
Industry: Banks - Regional

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, USA...

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 interest-e...

Magyar Bancorp Financial Statement Overview

Summary

Strong revenue growth to $62.4M TTM and net income $11.8M, stable balance sheet with low debt-to-equity, and positive cash flow growth indicate solid financial performance.

Income Statement

85Very Positive

Balance Sheet

80Positive

Cash Flow

82Very Positive

Financial statement breakdown
Breakdown	TTM	Sep 2026	Sep 2025	Sep 2024	Sep 2023	Sep 2022
Income Statement
Total Revenue	63.62M	63.60M	58.42M	52.12M	40.74M	32.22M
Gross Profit	39.67M	39.65M	35.21M	31.44M	30.03M	29.43M
EBITDA	18.30M	17.66M	14.75M	11.99M	11.58M	12.01M
Net Income	12.56M	12.56M	9.76M	7.78M	7.71M	7.92M
Balance Sheet
Total Assets	1.09B	1.09B	997.66M	951.92M	907.29M	798.54M
Cash, Cash Equivalents and Short-Term Investments	0	0	22.98M	41.21M	82.66M	40.16M
Total Debt	49.30M	49.30M	49.05M	28.57M	33.90M	20.37M
Total Liabilities	957.48M	957.48M	878.82M	841.37M	802.50M	700.04M
Stockholders Equity	128.68M	128.68M	118.84M	110.55M	104.79M	98.50M
Cash Flow
Free Cash Flow	12.13M	0	9.81M	5.51M	8.18M	10.81M
Operating Cash Flow	12.13M	0	10.39M	6.32M	8.48M	11.20M
Investing Cash Flow	-45.80M	0	-64.25M	-90.29M	-66.05M	-69.74M
Financing Cash Flow	38.05M	0	35.35M	37.04M	99.17M	14.28M

Magyar Bancorp Technical Analysis

Technical Analysis SentimentPositive

Last Price21.94

Price Trends

50DMA19.88Positive

100DMA19.13Positive

200DMA18.20Positive

Market Momentum

MACD0.70Negative

RSI64.58Neutral

STOCH36.50Neutral

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 21.94 is above the 20-day moving average (MA) of 20.91, above the 50-day MA of 19.88, and above the 200-day MA of 18.20, indicating a bullish trend. The MACD of 0.70 indicates Negative momentum. The RSI at 64.58 is Neutral, neither overbought nor oversold. The STOCH value of 36.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MGYR.

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

3 New Risks

1.Our Certificate of Incorporation Provides That, Subject to Limited Exception, a State or Federal Court in the State of Delaware is the Sole and Exclusive Forum for Certain Stockholder Litigation Matters, Which Could Limit Our Stockholders' Ability to Obtain a Favorable Judicial Forum for Disputes With Us or Our Directors, Officers, and Other Employees .Q3, 2023

2.Our Funding Sources may Prove Insufficient to Replace Deposits at Maturity and Support Our Future Growth. A Lack of Liquidity Could Adversely Affect Our Financial Condition and Results of Operations and Result In Regulatory Limits Being Placed on Us.Q3, 2023

3.The Federal Reserve Board may require us to commit capital resources to support Magyar Bank.Q3, 2023

Magyar Bancorp Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

MGYR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MGYR	81Outperform	$140.60M	10.75	10.23%	1.91%	8.91%	30.08%
SFBC	70Outperform	$116.66M	13.28	7.76%	1.85%	0.49%	26.58%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SRBK	63Neutral	$135.33M	36.92	2.02%	1.17%	9.63%	37.01%
UNB	63Neutral	$112.39M	8.68	15.07%	6.31%	6.11%	5.22%
BSBK	57Neutral	$118.58M	43.18	1.84%	―	20.94%	444.24%
RVSB	49Neutral	$128.30M	-44.47	-2.02%	1.24%	-10.03%	-162.70%

* Financial Sector Average

Performance Comparison

MGYR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
MGYR	Magyar Bancorp	21.94	5.44	32.96%
RVSB	Riverview	6.47	1.48	29.76%
UNB	Union Bankshares, Inc.	22.84	2.25	10.90%
SFBC	Sound Financial Bancorp, Inc.	45.50	1.56	3.55%
BSBK	Bogota Financial Corp.	9.34	0.94	11.19%
SRBK	SR Bancorp, Inc.	18.83	4.05	27.44%

Magyar Bancorp Corporate Events

DividendsFinancial Disclosures

Magyar Bancorp Reports Strong Earnings, Raises Quarterly Dividend

Positive

Oct 28, 2026

On October 28, 2026, Magyar Bancorp reported fiscal fourth-quarter and full-year results for the periods ended September 30, 2026, posting a 31% rise in quarterly net income to $3.3 million and a 29% increase in annual net income to $12.6 million ver...

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.

Date of analysis: Oct 31, 2026

Magyar Bancorp AI Stock Analysis