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Magyar Bancorp Inc - Stock Quote MGYR

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Morningstar's Magyar Bancorp Inc Stock Analysis

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Magyar Bancorp Inc's Company Profile

Business Description

Magyar Bancorp Inc is a mid-tier stock holding company. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans, construction loans, and investment securities. The company also originates consumer loans, which consist mainly of secured demand loans.

400 Somerset Street
New Brunswick, NJ, 08901
T +1 732 342-7600
Industry Banks - Regional
Most Recent Earnings Mar 31, 2022
Fiscal Year End Sep 30, 2022
Stock Type Cyclical
Employees 101