NEW YORK, May 22, 2026, 18:04 (EDT)
Magyar Bancorp shares dipped 0.85% to $17.45 at the close Friday on Nasdaq. Volume was light, in line with the stock’s usual trading. The move follows Thursday, the scheduled payout date for Magyar’s 10-cent quarterly dividend to shareholders of record as of May 7.
MGYR is a small cap name and doesn’t trade like a major bank. The latest volume was 3,850 shares, about double what SoFi lists as average. Market value comes in at about $113.7 million, meaning a few trades can move the price.
Russell 2000 climbed 0.9% on Friday, leading gains as the S&P 500 was up 0.4%. U.S. stocks posted an eighth consecutive winning week, AP market data showed.
Nasdaq markets were closed by press time. Regular hours run 9:30 a.m. to 4 p.m. Eastern, and after-hours to 8 p.m. U.S. exchanges will shut on Monday, May 25 for Memorial Day.
Magyar Bancorp owns Magyar Bank, which is based in New Brunswick, New Jersey, and runs branches in Edison, New Brunswick, North Brunswick, South Brunswick, Branchburg and Martinsville. The bank focuses on deposit gathering and making commercial, consumer and home-equity loans.
Nearby New Jersey banks see heavier trading than MGYR. Robinhood quote pages listed Provident Financial Services and Kearny Financial at hundreds of thousands of shares. MGYR, by comparison, only saw a few thousand shares change hands in its session.
Magyar’s recent results topped what the shares were showing. In its March quarter, net income climbed 13% to $3.0 million, with the six-month figure up 29% to $6.2 million. President and CEO John Fitzgerald said the bank kept posting “double digit growth in earnings” and is looking to “navigate the current market volatility.” PR Newswire
Net interest margin was the main support for the bank. The margin, which is the difference between earnings on loans and securities and costs of deposits and borrowings, climbed 35 basis points to 3.66% in the March quarter. One basis point equals one-hundredth of a percentage point.
But the risk hasn’t disappeared. Magyar’s May 13 Form 10-Q showed it set aside $256,000 for credit losses, up from a $30,000 recovery a year ago, as commercial real estate and construction balances increased. Other income dropped, hurt by lower gains from Small Business Administration loan sales.
Market focus will be tight next session. If the move down was just about dividend schedules and light holiday flows, what happens Tuesday might not mean much. But if credit costs keep climbing past margin income, the dip could turn out to be more than just a blip.
