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NASDAQ:HNVR

Hanover Bancorp (HNVR) Stock Price, News & Analysis

Hanover Bancorp logo
$22.82 -0.20 (-0.85%)
As of 11:13 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

About Hanover Bancorp Stock (NASDAQ:HNVR)

Key Stats

Today's Range
$22.80
$23.04
50-Day Range
$19.16
$23.63
52-Week Range
$15.92
$27.14
Volume
668 shs
Average Volume
16,165 shs
Market Capitalization
$165.00 million
P/E Ratio
13.75
Dividend Yield
1.75%
Price Target
$22.00
Consensus Rating
Moderate Buy

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.

Hanover Bancorp Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
67th Percentile Overall Score

HNVR MarketRank™: 

Hanover Bancorp scored higher than 67% of companies evaluated by MarketBeat, and ranked 475th out of 913 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 received no research coverage in the past 90 days.

  • Read more about Hanover Bancorp's stock forecast and price target.
  • 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 13.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.77.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Hanover Bancorp is 13.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.36.

  • Read more about Hanover Bancorp's valuation and earnings.
  • Percentage of Shares Shorted

    0.48% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hanover Bancorp has recently decreased by 14.60%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Hanover Bancorp pays a meaningful dividend of 1.72%, 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 30.53%. 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.

  • Read more about Hanover Bancorp's dividend.
  • Percentage of Shares Shorted

    0.48% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hanover Bancorp has recently decreased by 14.60%, indicating that investor sentiment is improving significantly.
    • 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

      24.76% 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.

    • Read more about Hanover Bancorp's insider trading history.
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    HNVR Stock News Headlines

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    Hanover Bancorp reports Q1 adjusted EPS 55c vs 55c last year
    Hanover Bancorp announces core banking system conversion
    See More Headlines

    HNVR Stock Analysis - Frequently Asked Questions

    Hanover Bancorp's stock was trading at $23.06 at the start of the year. Since then, HNVR shares have decreased by 1.0% and is now trading at $22.8250.
    View the best growth stocks for 2025 here
    .

    Hanover Bancorp, Inc. (NASDAQ:HNVR) posted its earnings results on Wednesday, April, 23rd. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $18.36 million for the quarter, compared to analyst estimates of $18.80 million. Hanover Bancorp had a trailing twelve-month return on equity of 6.71% and a net margin of 8.32%.

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

    Top institutional investors of Hanover Bancorp include Rhino Investment Partners Inc (2.20%), Goldman Sachs Group Inc. (0.31%), Jane Street Group LLC (0.29%) and American Century Companies Inc. (0.14%). Insiders that own company stock include Michael P Puorro, Robert Golden, Michael David MD Katz, Elena Sisti, Mcclelland W Wilcox, Philip A Okun, Lance P Burke and John P Vivona.
    View institutional ownership trends
    .

    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.

    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

    Last Earnings
    4/23/2025
    Record date for 5/14 Dividend
    5/07/2025
    Ex-Dividend for 5/14 Dividend
    5/07/2025
    Dividend Payable
    5/14/2025
    Today
    5/22/2025
    Next Earnings (Estimated)
    7/23/2025
    Fiscal Year End
    12/31/2025

    Industry, Sector and Symbol

    Stock Exchange
    NASDAQ
    Sector
    Finance
    Industry
    State commercial banks
    Sub-Industry
    Banking
    Current Symbol
    NASDAQ:HNVR
    Fax
    N/A
    Employees
    160
    Year Founded
    N/A

    Price Target and Rating

    Average Stock Price Target
    $22.00
    High Stock Price Target
    $22.00
    Low Stock Price Target
    $22.00
    Potential Upside/Downside
    -4.4%
    Consensus Rating
    Moderate Buy
    Rating Score (0-4)
    2.50
    Research Coverage
    2 Analysts

    Profitability

    Trailing P/E Ratio
    13.86
    Forward P/E Ratio
    9.67
    P/E Growth
    N/A
    Net Income
    $12.35 million
    Pretax Margin
    N/A

    Debt

    Sales & Book Value

    Annual Sales
    $70.28 million
    Cash Flow
    $1.84 per share
    Price / Cash Flow
    12.52
    Price / Book
    N/A

    Miscellaneous

    Free Float
    5,382,000
    Market Cap
    $166.34 million
    Optionable
    Not Optionable
    Beta
    0.09
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    This page (NASDAQ:HNVR) was last updated on 5/23/2025 by MarketBeat.com Staff
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