Magyar Bancorp Inc

NASDAQ MGYR

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Magyar Bancorp Inc Retention Ratio 1 year YoY Change (%) for the quarter ending March 31, 2024: -8.02%

Magyar Bancorp Inc Retention Ratio 1 year YoY Change (%) is -8.02% for the quarter ending March 31, 2024, a -110.92% change year over year. The retention ratio, also known as the plowback ratio, measures the proportion of a company's earnings that are retained after paying dividends. It is calculated by dividing the net income minus dividends paid by the net income. This ratio indicates the percentage of earnings that are reinvested back into the company rather than being distributed to shareholders as dividends. A higher retention ratio suggests a higher level of reinvestment, indicating potential future growth opportunities. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • Magyar Bancorp Inc Retention Ratio for the quarter ending March 31, 2023 was 90.03%, a 2.56% change year over year.
  • Magyar Bancorp Inc Retention Ratio for the quarter ending March 31, 2022 was 87.79%, a 91.06% change year over year.
  • Magyar Bancorp Inc Retention Ratio for the quarter ending March 31, 2021 was 45.95%.
NASDAQ: MGYR

Magyar Bancorp Inc

CEO Mr. John S. Fitzgerald
IPO Date Jan. 24, 2006
Location United States
Headquarters 400 Somerset Street, New Brunswick, NJ, United States, 08901
Employees 89
Sector Financial Services
Industry Banks - regional
Description

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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StockViz Staff

September 20, 2024

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