Magyar Bancorp Inc (NASDAQ: MGYR) has reported E.P.S. of $0.41 for its fourth fiscal quarter (ending September 30) versus $0.34 for the same period a year ago — an increase of 21%. For the latest four quarters through September 30, E.P.S. were $1.23 compared to $1.20 a year ago — an increase of 2%.
Recent Price Action
On 10/31/24, Magyar Bancorp Inc (NASDAQ: MGYR) stock rose slightly by 0.08%, closing at $12.32. However, trading volume in this advance was exceptionally low at 15% of normal. The stock has been strong relative to the market over the last nine months but has declined -0.6% during the last week.
Current PriceTarget Research Rating
MGYR is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Magyar Bancorp has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Magyar Bancorp has a neutral Appreciation Score of 52 and a slightly positive Power Rating of 66, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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