Hanover Bancorp (HNVR) Stock Price, News & Analysis

Company Overview

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. It also provides business loans, commercial real estate financing, small business administration, lending directory services, and residential mortgage. In addition, the company offers cash management, online and mobile banking, merchant services, and digital solutions. Its banking offices are located in Nassau, Suffolk, Queens, Kings, New York Counties, New York, Monmouth County, Freehold, and New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.

Key Stats

• Today's Range: $20.65 to $22.44
• 50-Day Range: $20.86 to $23.63
• 52-Week Range: $16.57 to $27.14
• Volume: 9,950 shs
• Average Volume: 11,535 shs
• Market Capitalization: $157.61 million
• P/E Ratio: 14.25
• Dividend Yield: 1.83%
• Price Target: $25.00
• Consensus Rating: Moderate Buy

Hanover Bancorp Stock Analysis - MarketRank™

Hanover Bancorp scored higher than 71% of companies evaluated by MarketBeat, and ranked 404th out of 934 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Hanover Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Hanover Bancorp has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 22.27%

Earnings Growth

Earnings for Hanover Bancorp are expected to grow by 22.27% in the coming year, from $2.38 to $2.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hanover Bancorp is 14.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 27.71.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hanover Bancorp is 14.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.99.

Price to Book Value per Share Ratio

Hanover Bancorp has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.05% of the float of Hanover Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Hanover Bancorp has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Hanover Bancorp has recently increased by 176.35%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Hanover Bancorp pays a meaningful dividend of 1.84%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Hanover Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Hanover Bancorp is 26.14%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Hanover Bancorp will have a dividend payout ratio of 13.75% next year. This indicates that Hanover Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.05% of the float of Hanover Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Hanover Bancorp has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Hanover Bancorp has recently increased by 176.35%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: -0.22

News Sentiment

Hanover Bancorp has a news sentiment score of -0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.98 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Hanover Bancorp this week, compared to 1 article on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hanover Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $124,658.00 in company stock.

Percentage Held by Insiders

23.88% of the stock of Hanover Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 15.02% of the stock of Hanover Bancorp is held by institutions.

HNVR Stock Analysis - Frequently Asked Questions

How have HNVR shares performed this year?

Hanover Bancorp's stock was trading at $23.06 at the start of the year. Since then, HNVR stock has decreased by 5.5% and is now trading at $21.80.

How were Hanover Bancorp's earnings last quarter?

Hanover Bancorp, Inc. (NASDAQ:HNVR) released its quarterly earnings data on Wednesday, July, 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by $0.24. The business had revenue of $18.36 million for the quarter, compared to analysts' expectations of $19.30 million. Hanover Bancorp had a trailing twelve-month return on equity of 7.44% and a net margin of 7.73%.

When did Hanover Bancorp IPO?

Hanover Bancorp (HNVR) raised $30 million in an initial public offering on Wednesday, May 11th 2022. The company issued 1,363,636 shares at $21.00-$23.00 per share.

How do I buy shares of Hanover Bancorp?

Shares of HNVR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Hanover Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hanover Bancorp investors own include Broadcom (AVGO), NVIDIA (NVDA), Arista Networks (ANET), Meta Platforms (META), Adobe (ADBE), GE Aerospace (GE) and Jabil (JBL).

Company Calendar

• Record date for 5/14 Dividend: 5/07/2025
• Ex-Dividend for 5/14 Dividend: 5/07/2025
• Dividend Payable: 5/14/2025
• Last Earnings: 7/23/2025
• Today: 7/28/2025
• Record date for 8/13 Dividend: 8/06/2025
• Ex-Dividend for 8/13 Dividend: 8/06/2025
• Dividend Payable: 8/13/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:HNVR
• CIK: 1828588
• Web: www.hanoverbank.com
• Phone: 516-548-8500
• Fax: N/A
• Employees: 160
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Hanover Bancorp: $25.00
• High Price Target: $25.00
• Low Price Target: $25.00
• Potential Upside/Downside: +14.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.53
• Trailing P/E Ratio: 14.25
• Forward P/E Ratio: 9.16
• P/E Growth: N/A
• Net Income: $12.35 million
• Net Margins: 7.73%
• Pretax Margin: 8.55%
• Return on Equity: 7.44%
• Return on Assets: 0.61%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 1.04
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $148.36 million
• Price / Sales: 1.06
• Cash Flow: $2.28 per share
• Price / Cash Flow: 9.58
• Book Value: $26.79 per share
• Price / Book: 0.81

Miscellaneous

• Outstanding Shares: 7,230,000
• Free Float: 5,503,000
• Market Cap: $157.61 million
• Optionable: Not Optionable
• Beta: 0.07