Magyar Bancorp, Inc. Overview
Pro stress-test →Magyar Bancorp is the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey. Founded in 1922, the company operates as an independent community financial services provider.
Strategic Profile
Pro stress-test →Magyar Bancorp positions itself as a regional bank focused on traditional deposit-gathering and lending services in New Jersey. The company provides residential and commercial real estate mortgage loans, home equity products, business loans, and non-deposit investment products including insurance and annuities. With a low beta of 0.24, the company exhibits relatively stable stock performance.
Competitive Landscape
Pro stress-test →Magyar Bancorp competes within the New Jersey regional banking sector against institutions like Lake Shore Bancorp and Pioneer Bancorp. The company's niche focus on community banking and traditional services differentiates it in a market increasingly dominated by larger national and digital-first competitors.
Industry Context
Magyar Bancorp, Inc. operates in Regional Banks / Community Banking.
Key facts
Founded: 1922 · Headquarters: New Brunswick, New Jersey, US · Revenue: $35.2M · Market cap: $113.5M