Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.
P/E ratio for Magyar Bancorp, Inc. (MGYR)
P/E ratio as of 2023: 8.54
According to Magyar Bancorp, Inc.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.54. At the end of 2022 the company had a P/E ratio of 10.64.
P/E ratio history for Magyar Bancorp, Inc. from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2023 | 8.54 |
| 2022 | 10.64 |
| 2021 | 11.30 |
| 2020 | 22.16 |
| 2019 | 22.80 |
| 2018 | 28.51 |
| 2017 | 41.03 |
| 2016 | 43.47 |
| 2015 | 52.09 |
| 2014 | 69.60 |
| 2013 | 121.60 |
| 2012 | 41.44 |
| 2011 | -66.18 |
| 2010 | 4.27 |
| 2009 | -3.17 |
| 2008 | -13.41 |
| 2007 | 71.42 |
| 2006 | 12783.44 |
| 2005 | 28.79 |
| 2004 | 73.39 |
| 2003 | 29.42 |