Magyar Bancorp (MGYR) Earns Daily Media Sentiment Rating of 0.18

News coverage about Magyar Bancorp (NASDAQ:MGYR) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magyar Bancorp earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.9585151919686 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Magyar Bancorp traded up $12.26, reaching $12.26, during midday trading on Monday, MarketBeat reports. The company had a trading volume of 600 shares, compared to its average volume of 2,141. The company has a market cap of $71.36 million, a PE ratio of 38.31 and a beta of -0.17. Magyar Bancorp has a 1-year low of $12.01 and a 1-year high of $13.94. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.68.

Magyar Bancorp (NASDAQ:MGYR) last posted its quarterly earnings results on Wednesday, April 25th. The bank reported $0.07 EPS for the quarter. The business had revenue of $5.19 million during the quarter. Magyar Bancorp had a return on equity of 3.65% and a net margin of 6.00%.

Magyar Bancorp Company Profile

Magyar Bancorp, Inc operates as the mid-tier stock holding company for Magyar Bank that provides various banking products and services to families and businesses in New Jersey, the United States. Its product portfolio includes various deposit products, such as demand, NOW, money market, savings, and retirement accounts, as well as certificates of deposit; and loan products comprising one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, small business administration loans, and construction loans, as well as consumer loans, which primarily include secured demand loans.

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