Hanover Bancorp (HNVR) to Release Earnings on Wednesday

Hanover Bancorp (NASDAQ:HNVR - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results before the market opens on Wednesday, July 23rd. Analysts expect Hanover Bancorp to post earnings of $0.57 per share for the quarter.

Hanover Bancorp (NASDAQ:HNVR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $18.36 million during the quarter, compared to analyst estimates of $18.80 million. Hanover Bancorp had a net margin of 6.58% and a return on equity of 6.64%. On average, analysts expect Hanover Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hanover Bancorp Stock Up 0.7%

Shares of Hanover Bancorp stock traded up $0.15 during trading on Friday, hitting $22.45. The company's stock had a trading volume of 5,280 shares, compared to its average volume of 17,555. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.04. The company has a fifty day simple moving average of $22.39 and a two-hundred day simple moving average of $22.85. The company has a market capitalization of $162.31 million, a PE ratio of 17.14 and a beta of 0.07. Hanover Bancorp has a 52 week low of $16.56 and a 52 week high of $27.14.

Hanover Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, May 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, May 7th. Hanover Bancorp's dividend payout ratio is presently 30.53%.

Insiders Place Their Bets

In other Hanover Bancorp news, Director Robert Golden sold 5,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.42, for a total transaction of $117,100.00. Following the completion of the sale, the director directly owned 205,418 shares in the company, valued at approximately $4,810,889.56. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 24.76% of the company's stock.

Institutional Trading of Hanover Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of HNVR. Acadian Asset Management LLC increased its stake in Hanover Bancorp by 298.4% during the 1st quarter. Acadian Asset Management LLC now owns 9,398 shares of the company's stock valued at $205,000 after purchasing an additional 7,039 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Hanover Bancorp by 97.5% in the first quarter. Jane Street Group LLC now owns 21,292 shares of the company's stock worth $467,000 after acquiring an additional 10,511 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Hanover Bancorp by 24.5% in the first quarter. Goldman Sachs Group Inc. now owns 22,164 shares of the company's stock worth $486,000 after acquiring an additional 4,356 shares during the period. 15.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Hanover Bancorp from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Hanover Bancorp Company Profile

Hanover Bancorp, Inc, a bank holding company for Hanover Community Bank, provides personal and business lending and deposit services to businesses, municipalities, and individuals in the New York metro area. The company offers checking, credit cards, debit cards, money market, savings, government and municipal banking, and professional services, as well as time deposits, including certificate of deposit and individual retirement accounts.