Magyar Bancorp Inc

NASDAQ MGYR

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Magyar Bancorp Inc Price to Earnings Ratio (P/E) on June 03, 2024: 37.78

Magyar Bancorp Inc Price to Earnings Ratio (P/E) is 37.78 on June 03, 2024, a 368.53% change year over year. The price to earnings ratio (P/E ratio) compares the market price per share of a company's stock to its earnings per share (EPS). It is calculated by dividing the market capitalization by the net income, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's earnings. A higher P/E ratio indicates that investors are willing to pay a higher price for each unit of earnings, suggesting higher market expectations for future earnings growth.
  • Magyar Bancorp Inc 52-week high Price to Earnings Ratio (P/E) is 39.51 on April 26, 2024, which is 4.58% above the current Price to Earnings Ratio (P/E).
  • Magyar Bancorp Inc 52-week low Price to Earnings Ratio (P/E) is 7.80 on September 28, 2023, which is -79.36% below the current Price to Earnings Ratio (P/E).
  • Magyar Bancorp Inc average Price to Earnings Ratio (P/E) for the last 52 weeks is 15.29.
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 19, 2024

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