Magyar Bancorp, Inc.: directors' dealings · United States · SEC (Form 4)

About Magyar Bancorp, Inc.

Magyar Bancorp, Inc. is a U.S.-listed small regional banking holding company traded on the NASDAQ under the ticker MGYR in the United States. It is the parent company of Magyar Bank, a community bank with a deliberately focused franchise centered on New Jersey. For investors, the company represents a straightforward banking model: a deposit-funded lender whose earnings are primarily driven by net interest income, credit quality, and balance-sheet discipline rather than fee-heavy diversification. The company traces its roots back to 1922, when Magyar Bancorp was founded. Today, the group is headquartered in New Brunswick, New Jersey, where both the holding company and the main office are based. Magyar Bancorp itself does not conduct material operating activities beyond owning 100% of Magyar Bank, so the investment case is essentially a direct view on the performance of the bank. That structure makes the company easy to analyze, but it also means results can be more exposed to local economic conditions, interest-rate cycles, and mortgage-market dynamics. Magyar Bank offers a complete line of retail and business banking services. Its core products include retail deposits, 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. This product mix positions the bank as a classic community lender with a strong real-estate orientation and a meaningful reliance on traditional lending spreads. In practical terms, its performance depends on how effectively it attracts low-cost deposits, underwrites loans, and manages its sensitivity to rate movements. Geographically, Magyar Bank remains concentrated in central New Jersey. The company’s branch footprint includes Edison, New Brunswick, North Brunswick, South Brunswick, Branchburg, and Martinsville. This regional concentration supports the bank’s community-banking identity and allows it to cultivate local relationships, but it also limits scale and diversification relative to larger U.S. banks. As a result, Magyar Bancorp competes more on customer proximity, local knowledge, and service quality than on size or broad product breadth. Recent disclosures point to a relatively stable, shareholder-oriented capital management approach. The latest annual report shows total assets approaching $1.0 billion as of September 30, 2025, and the company has continued to repurchase shares under an authorized buyback program. Management also stated an intention to continue paying a regular quarterly cash dividend, subject to capital, regulatory, and operating considerations. For equity investors, MGYR remains a micro-cap community bank story on NASDAQ in the United States: conservative, locally focused, and highly sensitive to the interest-rate environment, credit trends, and the health of the New Jersey economy.