Magyar BancorpMGYR
About: Magyar Bancorp Inc is a mid-tier stock holding company. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans.
Employees: 101
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
16% more capital invested
Capital invested by funds: $25.3M [Q3] → $29.4M (+$4.07M) [Q4]
0.56% less ownership
Funds ownership: 31.7% [Q3] → 31.13% (-0.56%) [Q4]
5% less funds holding
Funds holding: 19 [Q3] → 18 (-1) [Q4]
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Research analyst outlook
We haven’t received any recent analyst ratings for MGYR.
Financial journalist opinion
