Magyar Bancorp Files 8-K on Financial Results & Condition
Ticker: MGYR · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1337068
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K, disclosure
TL;DR
**Magyar Bancorp just dropped an 8-K on its financials, get ready for potential stock movement.**
AI Summary
Magyar Bancorp, Inc. filed an 8-K on January 25, 2024, to report its financial results and condition. This filing, under Items 2.02 and 9.01, indicates that the company is disclosing its latest operational performance. For investors, this matters because it provides the most current financial health update, which can influence stock price and future investment decisions.
Why It Matters
This filing provides investors with the latest financial performance data for Magyar Bancorp, Inc., which is crucial for evaluating the company's health and making informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently present new or elevated risks.
Analyst Insight
Investors should review the full financial statements and exhibits once they are available to understand the specifics of Magyar Bancorp, Inc.'s performance and assess its impact on their investment thesis.
Key Numbers
- 0001337068 — Central Index Key (CIK) (Unique identifier for Magyar Bancorp, Inc. with the SEC)
- 000-51726 — SEC File Number (Specific SEC file number for Magyar Bancorp, Inc.)
- 20240125 — Filing Date (The date the 8-K was filed with the SEC)
- 400 Somerset Street — Business Address (Principal executive offices of Magyar Bancorp, Inc.)
- 732-342-7600 — Registrant's Telephone Number (Contact number for Magyar Bancorp, Inc.)
Key Players & Entities
- Magyar Bancorp, Inc. (company) — the registrant filing the 8-K
- January 25, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for Magyar Bancorp, Inc.
- 0-51726 (dollar_amount) — Commission File No. for Magyar Bancorp, Inc.
- 20-4154978 (dollar_amount) — I.R.S. Employer Identification No. for Magyar Bancorp, Inc.
Forward-Looking Statements
- Magyar Bancorp, Inc.'s stock (MGYR) may experience increased trading volume as investors react to the disclosed financial results. (MGYR) — medium confidence, target: 2024-01-26
FAQ
What is the purpose of this 8-K filing by Magyar Bancorp, Inc.?
This 8-K filing by Magyar Bancorp, Inc. is to report 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' under Item 2.02 and Item 9.01, respectively, as of January 25, 2024.
What is the trading symbol and exchange for Magyar Bancorp, Inc.'s common stock?
The common stock of Magyar Bancorp, Inc. trades under the symbol MGYR on The NASDAQ Stock Market, LLC, as stated in the filing.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 25, 2024.
What is the business address and phone number of Magyar Bancorp, Inc. as listed in the filing?
Magyar Bancorp, Inc.'s business address is 400 Somerset Street, New Brunswick, New Jersey 08901, and its telephone number is (732) 342-7600.
Is Magyar Bancorp, Inc. considered an emerging growth company according to this filing?
The filing includes a checkbox section for 'emerging growth company' status, but it is not checked, indicating that the registrant is not affirming itself as an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 519 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-01-25 16:13:41
Key Financial Figures
- $0.01 — ch Registered Common Stock, par value $0.01 per share MGYR The NASDAQ Stock Mar
Filing Documents
- form8k-31391_mgyr.htm (8-K) — 26KB
- ex99-1.htm (EX-99.1) — 47KB
- image_001.jpg (GRAPHIC) — 9KB
- 0001174947-24-000121.txt ( ) — 264KB
- mgyr-20240125.xsd (EX-101.SCH) — 3KB
- mgyr-20240125_lab.xml (EX-101.LAB) — 34KB
- mgyr-20240125_pre.xml (EX-101.PRE) — 22KB
- form8k-31391_mgyr_htm.xml (XML) — 3KB
02
Item 2.02 Results of Operations and Financial Condition On January 25, 2024, Magyar Bancorp, Inc. (the Company) issued a press release regarding its results of operations and financial condition at and for the three months ended December 31, 2023. The text of the press release is included as Exhibit 99.1 to this report. The information included in the press release text is considered to be furnished under the Securities Exchange Act of 1934. The Company will include final financial
Financial Statements and Exhibits
Financial Statements and Exhibits (a)
Financial Statements of businesses acquired. Not Applicable
Financial Statements of businesses acquired. Not Applicable. (b) Pro forma financial information. Not Applicable. (c) Shell Company Transactions. Not Applicable (d) Exhibits. The following Exhibit is attached as part of this report: 99.1 Press release dated January 25, 2024, announcing the Company's results of operations and financial condition at and for the three months ended December 31, 2023.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. MAGYAR BANCORP, INC. DATE: January 25, 2024 By: /s/ John S. Fitzgerald John S. Fitzgerald President and Chief Executive Officer