Why Magyar Bancorp, Inc.’s (MGYR) Stock Is Up 6.18%

By Cynthia McLaughlin
August 02, 2026
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Magyar Bancorp, Inc. before investing.

In this article, we go over a few key elements for understanding Magyar Bancorp, Inc.’s stock price such as:

  • Magyar Bancorp, Inc.’s current stock price and volume
  • Why Magyar Bancorp, Inc.’s stock price changed recently
  • Upgrades and downgrades for MGYR from analysts
  • MGYR’s stock price momentum as measured by its relative strength

About Magyar Bancorp, Inc. (MGYR)

Before we jump into Magyar Bancorp, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

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 provides one-to four-family 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. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

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Magyar Bancorp, Inc.’s Stock Price as of Market Close

As of July 31, 2026, 3:31 PM, CST, Magyar Bancorp, Inc.’s stock price was $19.150.

Magyar Bancorp, Inc. is up 0.79% from its previous closing price of $19.000.

During the last market session, Magyar Bancorp, Inc.’s stock traded between $19.000 and $19.290. Currently, there are approximately 6.22 million shares outstanding for Magyar Bancorp, Inc..

Magyar Bancorp, Inc.’s price-earnings (P/E) ratio is currently at 10.8, which is low compared to the Banks industry median of 12.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Magyar Bancorp, Inc. Stock Price History

Magyar Bancorp, Inc.’s (MGYR) price is currently up 9.74% so far this month.

During the month of July, Magyar Bancorp, Inc.’s stock price has reached a high of $19.550 and a low of $0.000.

Over the last year, Magyar Bancorp, Inc. has hit prices as high as $20.000 and as low as $16.030. Year to date, Magyar Bancorp, Inc.’s stock is up 10.82%.

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What Caused Magyar Bancorp, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 31, 2026, there were analysts who downgraded Magyar Bancorp, Inc.’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Magyar Bancorp, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Magyar Bancorp, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Magyar Bancorp, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Magyar Bancorp, Inc. (MGYR) by visiting AAII Stock Evaluator.

Relative Price Strength of Magyar Bancorp, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 31, 2026, Magyar Bancorp, Inc. has a weighted four-quarter relative price strength of 0.86%, which translates to a Momentum Score of 56 and is considered to be Average.

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Magyar Bancorp, Inc. Stock Price: Bottom Line

As of July 31, 2026, Magyar Bancorp, Inc.’s stock price is $19.150, which is up 0.79% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Magyar Bancorp, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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