Magyar Bancorp Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Feb 13, 2025
MGYR$21.60-1.2%Stored close · as of Nov 10, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
| a.) | Not applicable. |
| b.) | Not applicable. |
| c.) | The Company repurchased 31,737 shares of its common stock during the three months ended December 31, 2024. Through December 31, 2024, the Company held 618,204 shares in treasury that were repurchased at a weighted average price of $12.58 pursuant to stock repurchase plans. On December 8, 2022, the Company announced a stock repurchase program of up to 5% of its outstanding shares of common stock, or 337,146 shares, 8,673 shares of which remained subject to repurchase under the plan at December 31, 2024. |
The following table reports information regarding repurchases of our common stock during the quarter ended December 31, 2024.
| Total Number | Average | Total Number of Shares Repurchased as Part of | Remaining Number of Shares That | |
|---|---|---|---|---|
| of Shares | Price Paid | Publicly Announced | May be Purchased | |
| Periods | Purchased | Per Share | Plans or Programs | Under the Plan |
| October 1, 2024 through October 31, 2024 | 2,394 | $12.38 | 299,130 | 38,016 |
| November 1, 2024 through November 30, 2024 | 6,401 | $13.18 | 305,531 | 31,615 |
| December 1, 2024 through December 31, 2024 | 22,942 | $13.87 | 328,473 | 8,673 |
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