How to Buy Magyar Bancorp Stock
Magyar Bancorp Inc
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.
Magyar Bancorp stock last closed at $11.39, up 0% from the previous day, and has increased 11.23% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.06 percentage points. Magyar Bancorp stock is currently +26.56% from its 52-week low of $9.00, and -5.08% from its 52-week high of $12.00.
At the moment, there are 6.65M shares of MGYR outstanding. The market cap of MGYR is $75.79M. In the past 24 hours, 236 MGYR shares were traded.
How to Buy Magyar Bancorp Stock
Wondering how to invest in Magyar Bancorp stock? Here's how.
- Decide where to buy Magyar Bancorp stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Magyar Bancorp stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Pick your payment method and add your info.
- Research Magyar Bancorp stock: The Magyar Bancorp ticker symbol is MGYR. Is Magyar Bancorp stock a good investment? Should you buy shares of MGYR? How do MGYR's underlying business fundamentals look? Do top analysts think Magyar Bancorp is a good buy? Why has MGYR's stock price moved recently? (Hint: Our stock market research website can help you evaluate if MGYR is a good stock to buy).
- Place your MGYR trade: Decide if you will purchase MGYR shares at the current market price or use a limit order to buy MGYR shares at a given price.
- Track your MGYR position: Create a watchlist to key updates about your position in Magyar Bancorp shares.
Step 1: Decide where to buy Magyar Bancorp stock
You need a brokerage account to access the NASDAQ market and buy MGYR stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you can invest in MGYR today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open a new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on app for stock market, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details transferring money into your new investment account.
Step 4: Research Magyar Bancorp stock
Once you have identified the best place to buy Magyar Bancorp stock, it's crucial to evaluate their stock prior to investing, so you truly understand the risk as well as the opportunity.
Magyar Bancorp stock quick numbers
MGYR Fundamentals
WallStreetZen was built to help average investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on MGYR's stock page.
Is MGYR stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MGYR's fair value.
Using relative valuations methods:
- MGYR may be undervalued based on its P/E ratio of 9.65x, relative to Banks - Regional industry P/E ratio of -9.83x
- MGYR could be undervalued based on its P/B ratio of 0.71x, relative to Banks - Regional industry P/B ratio of 0.98x
- MGYR may be undervalued based on its PEG ratio of 0.56x
You can do more valuation research on MGYR's stock here.
MGYR Financials at a glance
Signs that MGYR is financially healthy:
- MGYR's operating cash flow of $10.37M allows it to safely service it's debt of $28.80M.
- Total MGYR debt is lower than 5 years ago, relative to shareholder equity.
- MGYR earnings of $10.50M is not enough to cover its interest payments.
Signs that MGYR is not financially healthy:
- MGYR has a relatively high debt to equity ratio of 7.61.
- MGYR profit margin has gone down from 27.1% to 25% in the past year.
MGYR Technicals
MGYR Revenue
Last year, MGYR earnings were $7.55M. During the past 5 year, MGYR's earnings have grown by 23.54% per year. This was faster than the Banks - Regional industry average of 16.56%.
Last year, MGYR revenue was $30.24M. Over the last 5 year, MGYR's revenue has gone up by 7.71% per year. This was faster than the Banks - Regional industry average of 7.53%.
Dig into MGYR's earnings and revenue performance here.
Who is buying/selling MGYR?
In the last year, executives and large shareholders at MGYR have bought more shares than they have sold.
Michael F. Lombardi, Director of MGYR, was the latest MGYR insider to buy. They bought $22.78 worth of MGYR stock on Feb 20, 2024.
Get more info about who owns MGYR stock here.
Does MGYR stock generate passive income?
No, Magyar Bancorp doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your MGYR trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Press the Open Trade button and eToro will place your order.
If you want more help investing in stocks on eToro, click the helpful video below:
Step 6: Track your MGYR position
Now that you own some shares in MGYR, you'll want to stay up-to-date on your shares.
Add MGYR to a watchlist to keep tabs on your MGYR stock.
MGYR Feed
How to Buy Stock in Magyar Bancorp
To summarize, here are the 6 steps to buy Magyar Bancorp stock:
- Decide where to buy Magyar Bancorp stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Magyar Bancorp stock
- Place your MGYR trade
- Track your MGYR position
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep track of your new investment in Magyar Bancorp, hit the button below to create your watchlist.
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