Magyar Bancorp (NASDAQ:MGYR) Stock Passes Above 200-Day Moving Average - Time to Sell?

Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.20 and traded as high as $18.50. Magyar Bancorp shares last traded at $18.40, with a volume of 12,504 shares changing hands.Get Magyar Bancorp alerts:Wall Street Analyst Weigh InSeparately, Weiss Ratings reiterated a "hold (c)" rating on shares of Magyar Bancorp in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Magyar Bancorp presently has an average rating of "Hold".Get Our Latest Stock Analysis on MGYRMagyar Bancorp Price PerformanceThe stock has a market capitalization of $120.34 million, a P/E ratio of 10.64 and a beta of 0.26. The stock's fifty day moving average price is $17.48 and its 200 day moving average price is $17.20. Magyar Bancorp (NASDAQ:MGYR - Get Free Report) last issued its earnings results on Thursday, January 29th. The bank reported $0.50 earnings per share (EPS) for the quarter. Magyar Bancorp had a net margin of 16.25% and a return on equity of 9.28%. The company had revenue of $9.65 million for the quarter. Magyar Bancorp Increases DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, February 12th. This is a positive change from Magyar Bancorp's previous quarterly dividend of $0.08. Magyar Bancorp's dividend payout ratio (DPR) is presently 18.50%. Institutional Investors Weigh In On Magyar BancorpInstitutional investors have recently bought and sold shares of the company. Truffle Hound Capital LLC acquired a new position in Magyar Bancorp in the second quarter valued at about $1,554,000. Dimensional Fund Advisors LP boosted its stake in shares of Magyar Bancorp by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 135,352 shares of the bank's stock valued at $2,311,000 after buying an additional 737 shares during the period. Geode Capital Management LLC lifted its stake in Magyar Bancorp by 6.9% in the second quarter. Geode Capital Management LLC now owns 62,433 shares of the bank's stock worth $1,051,000 after acquiring an additional 4,027 shares during the last quarter. Finally, Oppenheimer & Close LLC acquired a new position in shares of Magyar Bancorp during the third quarter worth $416,000. 46.32% of the stock is currently owned by institutional investors and hedge funds. Magyar Bancorp Company Profile (Get Free Report)Magyar Bancorp, Inc is a bank holding company headquartered in Palos Hills, Illinois, that provides a range of commercial banking services through its subsidiary, Magyar Bank. Established to serve the financial needs of individuals and businesses in the Chicago suburbs, the company offers traditional banking products alongside specialized lending solutions. Magyar Bancorp's operations focus on relationship banking, emphasizing personalized service and community engagement. The company's product suite includes deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.Read MoreFive stocks we like better than Magyar BancorpNEW LAW: Congress Approves Setup For Digital Dollar?The day the gold market brokeWhat a Former CIA Agent Knows About the Coming CollapseYour Bank Account Is No Longer SafeHe just nailed another gold prediction …This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Magyar Bancorp Right Now?Before you consider Magyar Bancorp, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Magyar Bancorp wasn't on the list.While Magyar Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here