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Magyar Bancorp Inc
NASDAQ MGYR
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Magyar Bancorp Inc Return on Total Capital (ROTC) 1 year YoY Change (%) for the quarter ending September 30, 2023: -23.59%
Magyar Bancorp Inc Return on Total Capital (ROTC) 1 year YoY Change (%) is -23.59% for the quarter ending September 30, 2023, a -120.72% change year over year. Return on total capital measures the profitability of a company relative to its total capital, which includes total debt and shareholders' equity. It is calculated by dividing the net income by the sum of total debt and shareholders' equity. This ratio provides insights into the return generated for each unit of total capital invested in the company. A higher return on total capital indicates better profitability and efficient utilization of both debt and equity capital. 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.
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Magyar Bancorp Inc Return on Total Capital (ROTC) for the quarter ending March 31, 2023 was 1.18%.
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Magyar Bancorp Inc Return on Total Capital (ROTC) for the quarter ending March 31, 2021 was 1.00%.
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NASDAQ: MGYR
| 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 19, 2024
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