Magyar Bancorp (MGYR) Stock Analysis

What Magyar Bancorp does

Magyar Bancorp, Inc. functions as the parent entity for Magyar Bank, a financial institution that delivers a wide array of personal and business banking services. Serving individuals, companies, and non-profit organizations throughout New Jersey, USA, the bank provides diverse deposit accounts, including checking, savings, NOW, money market, and retirement plans, in addition to certificates of deposit. Its comprehensive lending solutions encompass residential mortgages, loans for multi-family and commercial properties, home equity lines and loans, commercial business financing, and construction loans, as well as Small Business Administration (SBA) loans. Beyond conventional banking, Magyar Bancorp also extends its services to include non-deposit investment products and financial planning. These offerings cover insurance, fixed and variable annuities, and retirement planning for both individual and corporate clients. The company actively manages investment securities through buying, selling, and holding activities. Established in 1922, Magyar Bancorp, Inc. is based in New Brunswick, New Jersey, and oversees seven branch locations across New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, all within New Jersey.

Key metrics

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Frequently asked questions

What is the ticker symbol for Magyar Bancorp?

Magyar Bancorp trades under the ticker MGYR on NASDAQ.

Which exchange is MGYR listed on?

MGYR is listed on NASDAQ.

What sector does Magyar Bancorp operate in?

Magyar Bancorp is classified in the Financial Services sector (Banks - Regional industry).

How can PortView help analyze MGYR in a portfolio?

PortView shows MGYR's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.