Select Page

Magyar Bancorp, Inc. (Nasdaq:MGYR) operates as the bank holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations. They offer a complete line of retail and business banking products with 7 offices in New Jersey. The total net assets are valued at USD 98 million.

Comps: William Penn Bancorporation (Nasdaq:WMPN), Cullman Bancorp, Inc. (Nasdaq:CULL)

When looking to compare, we have to establish that William Penn Bancorporation has twice the market capitalization of Magyar and Cullman Bancorp. In terms of key metrics, Magyar Bancorp earns more per share, has a more favorable price-to-earnings ratio, and displayed higher profit margins, return on equity, and revenue.