Split History
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Magyar Bancorp is a stock holding company of Magyar Bank, a savings bank. Co. accepts retail deposits from the general public in the areas surrounding its main office in New Brunswick, NJ and its branch offices located in Middlesex and Somerset Counties, NJ, and invests those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans, construction loans and investment securities. Co. also originates consumer loans, which consist primarily of secured demand loans. According to our MGYR split history records, Magyar Bancorp has had 1 split.
MGYR split history picture
Magyar Bancorp (MGYR) has 1 split in our MGYR split history database. The split for MGYR took place on July 15, 2021. This was a 1221 for 1000 split, meaning for each 1000 shares of MGYR owned pre-split, the shareholder now owned 1221 shares. For example, a 1000 share position pre-split, became a 1221 share position following the split.

When a company such as Magyar Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the MGYR split history from start to finish, an original position size of 1000 shares would have turned into 1221 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Magyar Bancorp shares, starting with a $10,000 purchase of MGYR, presented on a split-history-adjusted basis factoring in the complete MGYR split history. MGYR split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 05/20/2014
End date: 05/17/2024
Start price/share: $6.30
End price/share: $11.06
Starting shares: 1,587.30
Ending shares: 1,675.84
Dividends reinvested/share: $0.62
Total return: 85.35%
Average Annual Total Return: 6.37%
Starting investment: $10,000.00
Ending investment: $18,543.50
Years: 10.00
Growth of $10,000.00
Without Dividends Reinvested

Start date: 05/20/2014
End date: 05/17/2024
Start price/share: $6.30
End price/share: $11.06
Dividends collected/share: $0.62
Total return: 85.40%
Average Annual Total Return: 6.37%
Starting investment: $10,000.00
Ending investment: $18,543.50
Years: 10.00
Date Ratio
07/15/20211221 for 1000
MGYR is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

MHI Split History
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MIDZ Split History
MITT Split History
MLN Split History
MLP Split History
MLPA Split History
MMC Split History
MNRK Split History
MRBK Split History

Also explore: MGYR shares outstanding history

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