Jon MBA - Magyar Bancorp CFO VP

MGYR Stock  USD 13.25  0.01  0.08%   

Insider

Jon MBA is CFO VP of Magyar Bancorp
Age 50
Address 400 Somerset Street, New Brunswick, NJ, United States, 08901
Phone732 342 7600
Webhttps://www.magbank.com

Magyar Bancorp Management Efficiency

As of 11/22/2024, Return On Tangible Assets is likely to grow to 0.01. Also, Return On Capital Employed is likely to grow to 0.05. At this time, Magyar Bancorp's Non Current Assets Total are relatively stable compared to the past year. As of 11/22/2024, Total Current Assets is likely to grow to about 924.9 M, while Non Currrent Assets Other are likely to drop (11.8 M). Magyar Bancorp's management efficiency ratios could be used to measure how well Magyar Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.
Magyar Bancorp currently holds 29.52 M in liabilities with Debt to Equity (D/E) ratio of 11.25, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Note, when we think about Magyar Bancorp's use of debt, we should always consider it together with its cash and equity.

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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. As of July 21, 2021, Magyar Bancorp, Inc. was formerly a subsidiary of Magyar Bancorp, MHC Magyar Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 94 people. Magyar Bancorp (MGYR) is traded on NASDAQ Exchange in USA. It is located in 400 Somerset Street, New Brunswick, NJ, United States, 08901 and employs 4 people. Magyar Bancorp is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Magyar Bancorp Leadership Team

Elected by the shareholders, the Magyar Bancorp's board of directors comprises two types of representatives: Magyar Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Magyar. The board's role is to monitor Magyar Bancorp's management team and ensure that shareholders' interests are well served. Magyar Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Magyar Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jon MBA, CFO VP
Peter Brown, Senior Officer
John Reissner, VP, Marketing Director and Investor Relations Officer
John Fitzgerald, CEO and President Director, Member of Executive Committee, CEO of Magyar Bank and President of Magyar Bank

Magyar Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Magyar Bancorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Magyar Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magyar Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magyar Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Magyar Stock

  0.69AX Axos FinancialPairCorr
  0.7BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr

Moving against Magyar Stock

  0.37TFC-PO Truist FinancialPairCorr
  0.31TFC-PR Truist FinancialPairCorr
The ability to find closely correlated positions to Magyar Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magyar Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magyar Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magyar Bancorp to buy it.
The correlation of Magyar Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magyar Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magyar Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Magyar Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Magyar Stock Analysis

When running Magyar Bancorp's price analysis, check to measure Magyar Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magyar Bancorp is operating at the current time. Most of Magyar Bancorp's value examination focuses on studying past and present price action to predict the probability of Magyar Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magyar Bancorp's price. Additionally, you may evaluate how the addition of Magyar Bancorp to your portfolios can decrease your overall portfolio volatility.