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Magyar Bancorp

Nasdaq:MGYR
Snowflake Description

Excellent balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGYR
Nasdaq
$50M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Magyar Bancorp, Inc. operates as the mid-tier stock holding company for Magyar Bank that provides various banking products and services to families and businesses in New Jersey, the United States. The last earnings update was 51 days ago. More info.


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MGYR Share Price and Events
7 Day Returns
-5.2%
NasdaqGM:MGYR
-12.6%
US Mortgage
-2%
US Market
1 Year Returns
-24.9%
NasdaqGM:MGYR
-35.8%
US Mortgage
-15.1%
US Market
MGYR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Magyar Bancorp (MGYR) -5.2% -24.5% - -24.9% -32% 1.1%
US Mortgage -12.6% -37% -41.1% -35.8% -32.8% -20.3%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • MGYR outperformed the Mortgage industry which returned -35.8% over the past year.
  • MGYR underperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
MGYR
Industry
5yr Volatility vs Market

Value

 Is Magyar Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Magyar Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Magyar Bancorp.

NasdaqGM:MGYR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $8.69 * 3.6%
$0.31
Book Value of Equity per Share Median Book Value from the past 5 years. $8.69
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:MGYR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.625 (1 + (1- 21%) (69.66%))
0.979
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.979 * 5.44%)
7.07%

Discounted Cash Flow Calculation for NasdaqGM:MGYR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Magyar Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:MGYR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.6% – 7.07%) * $8.69)
$-0.30
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.30 / (7.07% - 1.74%)
$-5.68
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $8.69 + $-5.68
$3.01
NasdaqGM:MGYR Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.01
Current discount Discount to share price of $8.53
= -1 x ($8.53 - $3.01) / $3.01
-183.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Magyar Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Magyar Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Magyar Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:MGYR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.49
NasdaqGM:MGYR Share Price ** NasdaqGM (2020-04-03) in USD $8.53
United States of America Mortgage Industry PE Ratio Median Figure of 120 Publicly-Listed Mortgage Companies 10.04x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Magyar Bancorp.

NasdaqGM:MGYR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:MGYR Share Price ÷ EPS (both in USD)

= 8.53 ÷ 0.49

17.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magyar Bancorp is overvalued based on earnings compared to the US Mortgage industry average.
  • Magyar Bancorp is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Magyar Bancorp's expected growth come at a high price?
Raw Data
NasdaqGM:MGYR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies 0x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Magyar Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Magyar Bancorp's assets?
Raw Data
NasdaqGM:MGYR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $9.49
NasdaqGM:MGYR Share Price * NasdaqGM (2020-04-03) in USD $8.53
United States of America Mortgage Industry PB Ratio Median Figure of 132 Publicly-Listed Mortgage Companies 0.76x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
NasdaqGM:MGYR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:MGYR Share Price ÷ Book Value per Share (both in USD)

= 8.53 ÷ 9.49

0.9x

* Primary Listing of Magyar Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magyar Bancorp is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Magyar Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Magyar Bancorp has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Magyar Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Magyar Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Magyar Bancorp expected to grow at an attractive rate?
  • Unable to compare Magyar Bancorp's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Magyar Bancorp's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Magyar Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:MGYR Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 2%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:MGYR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:MGYR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 22 4 3
2019-09-30 22 6 3
2019-06-30 22 3 3
2019-03-31 22 4 3
2018-12-31 21 3 2
2018-09-30 21 5 2
2018-06-30 20 6 2
2018-03-31 20 6 2
2017-12-31 19 6 1
2017-09-30 19 4 1
2017-06-30 18 1 1
2017-03-31 18 4 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Magyar Bancorp is high growth as no earnings estimate data is available.
  • Unable to determine if Magyar Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:MGYR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Magyar Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MGYR Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.49
2019-09-30 0.51
2019-06-30 0.50
2019-03-31 0.47
2018-12-31 0.41
2018-09-30 0.35
2018-06-30 0.31
2018-03-31 0.26
2017-12-31 0.24
2017-09-30 0.24
2017-06-30 0.22
2017-03-31 0.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Magyar Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Magyar Bancorp's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Magyar Bancorp's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Magyar Bancorp's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Magyar Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Magyar Bancorp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Magyar Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Magyar Bancorp's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Magyar Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
  • Magyar Bancorp's 1-year earnings growth is less than its 5-year average (20% vs 30.1%)
  • Magyar Bancorp's earnings growth has exceeded the US Mortgage industry average in the past year (20% vs 10.9%).
Earnings and Revenue History
Magyar Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Magyar Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MGYR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 21.93 2.86 15.28
2019-09-30 21.86 3.00 15.07
2019-06-30 21.71 2.88 14.84
2019-03-31 21.50 2.76 14.73
2018-12-31 20.85 2.39 14.62
2018-09-30 20.83 2.03 14.44
2018-06-30 20.43 1.81 14.30
2018-03-31 19.84 1.50 14.01
2017-12-31 19.47 1.41 13.81
2017-09-30 18.86 1.42 13.65
2017-06-30 18.26 1.29 13.47
2017-03-31 18.08 1.25 13.32
2016-12-31 17.77 1.13 13.16
2016-09-30 17.70 1.09 12.93
2016-06-30 17.59 1.06 12.82
2016-03-31 17.34 1.06 12.74
2015-12-31 17.39 1.02 12.71
2015-09-30 16.97 0.90 12.80
2015-06-30 16.78 0.77 12.77
2015-03-31 16.57 0.71 12.65
2014-12-31 16.19 0.62 12.50
2014-09-30 16.12 0.57 12.42
2014-06-30 15.86 0.51 12.19
2014-03-31 15.88 0.52 12.17
2013-12-31 15.12 0.11 12.11
2013-09-30 15.06 0.26 11.91
2013-06-30 15.17 0.43 11.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Magyar Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Magyar Bancorp used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Magyar Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Magyar Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Magyar Bancorp has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Magyar Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Magyar Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Magyar Bancorp Company Filings, last reported 3 months ago.

NasdaqGM:MGYR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 55.23 30.49 19.23
2019-09-30 54.65 36.19 21.47
2019-06-30 54.24 50.39 7.94
2019-03-31 53.33 32.56 48.17
2018-12-31 52.33 34.70 33.29
2018-09-30 51.36 35.52 15.37
2018-06-30 50.56 48.76 13.49
2018-03-31 50.03 33.91 17.35
2017-12-31 49.84 31.91 14.81
2017-09-30 49.46 31.91 22.33
2017-06-30 48.63 31.91 12.75
2017-03-31 48.27 34.04 10.45
2016-12-31 47.91 34.04 14.60
2016-09-30 47.73 36.04 21.81
2016-06-30 47.50 41.04 15.91
2016-03-31 47.20 29.33 20.93
2015-12-31 46.88 31.59 37.42
2015-09-30 46.67 31.59 18.11
2015-06-30 46.65 43.11 9.48
2015-03-31 46.41 26.20 22.03
2014-12-31 46.18 27.75 7.86
2014-09-30 45.93 30.50 10.26
2014-06-30 45.87 46.55 8.29
2014-03-31 45.58 34.00 13.47
2013-12-31 45.43 45.70 8.70
2013-09-30 45.32 32.10 17.79
2013-06-30 44.76 37.33 13.77
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Magyar Bancorp has an acceptable proportion of non-loan assets held.
  • Magyar Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Magyar Bancorp are broadly funded by customer deposits.
  • Magyar Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Magyar Bancorp has a low allowance for bad loans.
  • Magyar Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Magyar Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Magyar Bancorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Magyar Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Magyar Bancorp dividends.
If you bought $2,000 of Magyar Bancorp shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Magyar Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Magyar Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:MGYR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Magyar Bancorp has not reported any payouts.
  • Unable to verify if Magyar Bancorp's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Magyar Bancorp's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Magyar Bancorp has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Magyar Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Magyar Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Magyar Bancorp has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Magyar Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Fitzgerald
COMPENSATION $712,275
AGE 55
TENURE AS CEO 9.9 years
CEO Bio

Mr. John S. Fitzgerald has been the Chief Executive Officer and President of Magyar BanCorp. Inc., since May 27,2010. Mr. Fitzgerald has been the Chief Executive Officer and President of Magyar Bank since December 23,2009 and since June 01, 2010 respectively. Mr. Fitzgerald serves as the President of Northern New Jersey Chapter Operations at The Risk Management Association. He served as an Acting President and Acting Chief Executive Officer of Magyar BanCorp. Inc. and its subsidiary, Magyar Bank since December 23, 2009 until May 31, 2010. Mr. Fitzgerald served as the Chief Operating Officer of Magyar BanCorp. Inc. and Magyar Bank since January 2007 until May 27, 2010 and served as its Executive Vice President since July 2005 until May 27, 2010. He served as the Chief Lending Officer of Magyar BanCorp. Inc. and Magyar Bank from July 2005 to October 2007. Mr. Fitzgerald joined Magyar Bank in June 2001. He served as Department Head of Commercial Lending of Magyar Bank until July 2005. Mr. Fitzgerald served as Vice President, Commercial Lending of United Trust Bank. He has over 20 years experience in the banking industry. He has been a Director of Magyar Bancorp, Inc. since May 2010. Mr. Fitzgerald serves on the Board of Directors for both the Middlesex County Regional Chamber of Commerce and the Dunellen Lions Club. Mr. Fitzgerald is a graduate of the University of Maryland with Bachelor's degree in Economics and as well as the Stonier Graduate School of Banking.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is about average for companies of similar size in United States of America.
Management Team

John Fitzgerald

TITLE
President
COMPENSATION
$712K
AGE
55
TENURE
9.9 yrs

Jon Ansari

TITLE
Executive VP
COMPENSATION
$507K
AGE
45

Jay Castillo

TITLE
Senior VP & Chief Retail Officer
COMPENSATION
$239K
AGE
62

John Reissner

TITLE
VP & Investor Relations Officer

Karen LeBlon

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the Magyar Bancorp board of directors in years:

12.6
Average Tenure
62
Average Age
  • The average tenure for the Magyar Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tom Lankey

TITLE
Chairman of the Board
COMPENSATION
$99K
AGE
59
TENURE
3.2 yrs

John Fitzgerald

TITLE
President
COMPENSATION
$712K
AGE
55
TENURE
9.9 yrs

Andrew Hodulik

TITLE
Independent Vice Chairman of the Board
COMPENSATION
$110K
AGE
62

Jon Ansari

TITLE
Executive VP
COMPENSATION
$507K
AGE
45
TENURE
3.2 yrs

Martin Lukacs

TITLE
Independent Director
COMPENSATION
$55K
AGE
73
TENURE
15.3 yrs

Joseph Yelencsics

TITLE
Independent Director
COMPENSATION
$65K
AGE
64
TENURE
15.3 yrs

Edward Stokes

TITLE
Independent Director
COMPENSATION
$46K
AGE
71
TENURE
15.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Nov 19 Sell Joseph Yelencsics Individual 05. Nov 19 05. Nov 19 -5 $12.02 $-60
X
Management checks
We assess Magyar Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Magyar Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Magyar Bancorp, Inc.'s (NASDAQ:MGYR) CEO Paid Enough Relative To Peers?

John Fitzgerald became the CEO of Magyar Bancorp, Inc. … View our latest analysis for Magyar Bancorp How Does John Fitzgerald's Compensation Compare With Similar Sized Companies? … With a total shareholder return of 16% over three years, Magyar Bancorp, Inc.

Simply Wall St -

Here's Why We Think Magyar Bancorp (NASDAQ:MGYR) Is Well Worth Watching

I note that Magyar Bancorp's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. … Magyar Bancorp's earnings per share growth have been levitating higher, like a mountain goat scaling the Alps. … The good news is that Magyar Bancorp is not the only growth stock with insider buying.

Simply Wall St -

Did Magyar Bancorp's (NASDAQ:MGYR) Share Price Deserve to Gain 55%?

To wit, the Magyar Bancorp share price has climbed 55% in five years, easily topping the market return of 43% (ignoring dividends). … During five years of share price growth, Magyar Bancorp achieved compound earnings per share (EPS) growth of 40% per year. … A Different Perspective While the broader market gained around 7.0% in the last year, Magyar Bancorp shareholders lost 4.0%.

Simply Wall St -

What Kind Of Shareholders Own Magyar Bancorp, Inc. (NASDAQ:MGYR)?

Check out our latest analysis for Magyar Bancorp NasdaqGM:MGYR Ownership Summary, June 14th 2019 What Does The Institutional Ownership Tell Us About Magyar Bancorp? … Insider Ownership Of Magyar Bancorp The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership It seems that Private Companies own 55%, of the MGYR stock.

Simply Wall St -

Don't Sell Magyar Bancorp, Inc. (NASDAQ:MGYR) Before You Read This

We'll look at Magyar Bancorp, Inc.'s (NASDAQ:MGYR) P/E ratio and reflect on what it tells us about the company's share price. … See our latest analysis for Magyar Bancorp How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Magyar Bancorp: P/E of 24 = $11.6 ÷ $0.48 (Based on the year to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

How Should Investors React To Magyar Bancorp, Inc.'s (NASDAQ:MGYR) CEO Pay?

John Fitzgerald became the CEO of Magyar Bancorp, Inc. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does John Fitzgerald's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Here's Why We Think Magyar Bancorp (NASDAQ:MGYR) Is Well Worth Watching

Magyar Bancorp's Earnings Per Share Are Growing. … As a tree reaches steadily for the sky, Magyar Bancorp's EPS has grown 33% each year, compound, over three years. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth.

Simply Wall St -

Do Institutions Own Magyar Bancorp, Inc. (NASDAQ:MGYR) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Magyar Bancorp is not a large company by global standards. … institutional investors have bought into the company.

Simply Wall St -

Is Magyar Bancorp, Inc.'s (NASDAQ:MGYR) CEO Paid At A Competitive Rate?

John Fitzgerald became the CEO of Magyar Bancorp, Inc. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does John Fitzgerald's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Despite Its High P/E Ratio, Is Magyar Bancorp Inc (NASDAQ:MGYR) Still Undervalued?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Magyar Bancorp has a price to earnings ratio of 34.63, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Magyar Bancorp, Inc. operates as the mid-tier stock holding company for Magyar Bank that provides various banking products and services to families and businesses in New Jersey, the United States. Its product portfolio includes various deposit products, such as demand, NOW, money market, savings, and retirement accounts, as well as certificates of deposit; and loan products comprise one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, small business administration loans, and construction loans, as well as consumer loans, which primarily include secured demand loans. The company also provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and investment securities. It operates through seven branch offices in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison; and a loan product office in New Jersey. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. operates as a subsidiary of Magyar Bancorp MHC

Details
Name: Magyar Bancorp, Inc.
MGYR
Exchange: NasdaqGM
Founded: 1922
$49,650,963
5,820,746
Website: http://www.magbank.com
Address: Magyar Bancorp, Inc.
400 Somerset Street,
New Brunswick,
New Jersey, 08901,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM MGYR Common Stock Nasdaq Global Market US USD 24. Jan 2006
Number of employees
Current staff
Staff numbers
106
Magyar Bancorp employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 04:56
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.