Magyar Bancorp Stock Drops Below 200-Day Average

Investors question whether it's time to sell shares of the Illinois-based bank

Mar. 24, 2026 at 7:38am

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Shares of Magyar Bancorp (NASDAQ:MGYR) have fallen below their 200-day moving average, raising concerns among investors about the bank's performance. The stock closed at $16.67 on Monday, down from a 200-day average of $17.33. Magyar Bancorp, headquartered in Palos Hills, Illinois, provides a range of commercial banking services through its subsidiary, Magyar Bank.

Why it matters

A stock's price falling below its 200-day moving average is often seen as a bearish signal, indicating a potential downward trend. This development may prompt some investors to reevaluate their positions in Magyar Bancorp and consider selling their shares.

The details

According to the report, Magyar Bancorp's share price has traded as low as $16.51, well below the 200-day moving average of $17.33. The bank has a market capitalization of $108.02 million and a price-to-earnings ratio of 9.64. In its latest quarterly earnings report, Magyar Bancorp reported earnings per share of $0.50.

  • Magyar Bancorp's stock price crossed below its 200-day moving average during trading on Monday, March 24, 2026.
  • The bank's 200-day moving average was $17.33 as of the close on Monday.

The players

Magyar Bancorp, Inc.

A bank holding company headquartered in Palos Hills, Illinois, that provides a range of commercial banking services through its subsidiary, Magyar Bank.

Weiss Ratings

A financial research firm that has issued a "hold (c)" rating on shares of Magyar Bancorp.

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What’s next

The report does not mention any specific next steps or future newsworthy events related to Magyar Bancorp.

The takeaway

The drop in Magyar Bancorp's stock price below its 200-day moving average may signal a potential downward trend, which could prompt some investors to reevaluate their positions in the bank. However, the overall consensus rating on the stock remains "Hold", suggesting that further analysis may be needed to determine the long-term outlook for the company.