Magyar Bancorp, Inc.
Close on Oct 19, 2026
- Market cap
- $123.99M
- P/E (TTM)
- 10.5
- Dividend yield
- 1.47%
About Magyar Bancorp
Savings Institution, Federally Chartered, SIC 6035
Magyar Bancorp, Inc. operates as the holding company for Magyar Bank, a community savings bank. The institution attracts deposit accounts from the general public and provides a variety of lending solutions. Its lending offerings comprise commercial real estate loans, residential mortgages, construction and land acquisition financing, home equity lines of credit, and commercial business loans, including government-guaranteed Small Business Administration loans. Additionally, the bank purchases investment securities, focusing mainly on mortgage-backed securities and U.S. government obligations. Its clientele primarily consists of individual consumers, sole proprietorships, professionals, and small to mid-sized businesses.
The company conducts its operations in central and northern New Jersey. Its physical footprint comprises a main office and seven branch locations situated across Middlesex and Somerset Counties, specifically in New Brunswick, North Brunswick, South Brunswick, Branchburg, Edison, and Martinsville. While retail deposit gathering focuses on local communities surrounding these branches, its lending market covers all of New Jersey. The firm is headquartered in New Brunswick, New Jersey.
Summary of the business section of Magyar Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Magyar Bancorp, Inc.
- Founded
- 1922
- Headquarters
- New Brunswick, NJ
- Address
- 400 Somerset Street 08901
- Phone
- (732) 342-7600
- Website
- magbank.com
- Employees
- 91, Sep 30, 2025
- Industry
- Savings Institution, Federally Chartered
- Fiscal year ends
- September 30
- Auditor
- S.R. Snodgrass, P.C., Cranberry Township, Pennsylvania
Stock & identifiers
- Ticker
- MGYR
- Exchange
- Nasdaq
- IPO date
- Jan 24, 2006
- Shares outstanding
- 6M, Aug 1, 2026
- Public float
- $90.00M, Mar 31, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 1337068
- CUSIP
- 55977T208
- ISIN
- US55977T2087
- EIN
- 20-4154978
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| John S. Fitzgerald | President and CEO, Director | 162,433 |
| Jon Ansari | EVP and CFO, Director | 121,365 |
| Joseph A. Yelencsics | Director | 33,755 |
| Andrew G. Hodulik | Director | 33,719 |
| Maureen Ruane | Director | 6,092 |
| Michael R. Lombardi | Director | 1,000 |
| Susan Eisenhauer | Director | 5,908 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $1.35M | $1.56M | $621.08K | $148 | – |
| FY2024 | $1.25M | $1.31M | $576.02K | $103 | – |
| FY2023 | $1.17M | $1.05M | $535.94K | $84 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“September 30, 2025 we employed 91 full-time employees and seven part-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Feb 27, 2023 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| May 14, 2018 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Oct 6, 2014 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Oct 5, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jun 8, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |