SCHEDULE: Magyar Bancorp: M3 Entities Update Passive Stake

M3 Funds, M3 Partners, M3F, Inc., Jason A. Stock, and William C. Waller filed an Amendment No. 8 to Schedule 13G, disclosing their passive beneficial ownership in Magyar Bancorp Inc. common stock.

Summary

• M3 Funds, LLC, M3 Partners, LP, and M3F, Inc. collectively report beneficial ownership of 280,350 shares of Magyar Bancorp Inc. Common Stock, representing 4.33% of the class of securities.
• Jason A. Stock beneficially owns an aggregate of 291,954 shares, representing 4.51% of the class, with 11,604 shares having sole voting and dispositive power and 280,350 shares having shared voting and dispositive power.
• William C. Waller beneficially owns an aggregate of 286,200 shares, representing 4.42% of the class, with 5,850 shares having sole voting and dispositive power and 280,350 shares having shared voting and dispositive power.
• The reporting persons certify that the securities were not acquired and are not held for the purpose of changing or influencing the control of Magyar Bancorp Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral disclosure, typical for passive investors updating their beneficial ownership below the 5% threshold, with no stated intent to influence company control.

Risks

• The reporting persons explicitly certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Magyar Bancorp Inc., indicating no intent for activist intervention.

Future Outlook

na

Management Comments

• The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for passive investors and do not typically signal strategic shifts or activist intent, especially when ownership remains below the 5% threshold for a 13D filing.

Stakeholder Impact

• Shareholders are informed of significant passive ownership stakes by M3 Funds, M3 Partners, M3F, Inc., Jason A. Stock, and William C. Waller, which collectively represent less than 5% of the company's common stock.

Key Dates

Keywords

Magyar Bancorp, M3 Funds, M3 Partners, M3F Inc., Jason A. Stock, William C. Waller, Beneficial Ownership, Schedule 13G, Common Stock