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Michael Lombardi, a director at Magyar Bancorp , Inc. (NASDAQ:MGYR), recently acquired a total of $6,529 worth of the company’s common stock. The company, with a market capitalization of $94.6 million, trades at a P/E ratio of 11.2 and offers a dividend yield of 1.92%. The transactions, which took place on February 14, 2025, involved the purchase of 450 shares at prices ranging from $14.4187 to $14.55 per share. Following these acquisitions, Lombardi now directly owns 450 shares of Magyar Bancorp. This move reflects Lombardi’s continued investment in the New Brunswick (NYSE:BC), NJ-based financial institution, which has shown solid performance with 7.24% revenue growth over the last twelve months. According to InvestingPro, the stock is trading near its 52-week high, with additional insights available to subscribers.
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