Hanover Bancorp (HNVR) Stock Price, News & Analysis

Company Overview

Hanover Bancorp, Inc. is a bank holding company that operates through Hanover Community Bank, a community-focused financial institution serving businesses, individuals and municipal customers. The bank is headquartered in Mineola, New York, and has historically focused its operations on Long Island and the New York City metropolitan area, including Nassau, Suffolk, Queens, Brooklyn and Manhattan.

Hanover Community Bank provides a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities have included commercial real estate loans, commercial and industrial financing, residential mortgages, home equity loans, construction financing and Small Business Administration loans. The bank also offers cash management, online banking, mobile banking and other financial services for personal and business customers.

Hanover Bancorp was established in 2009 and completed its initial public offering on the Nasdaq under the symbol HNVR in 2022. The company has grown through branch expansion and acquisitions while maintaining an emphasis on relationship-based banking in the New York metropolitan region. Public company materials have identified Joseph J. Perri as a senior executive associated with Hanover Bancorp and Hanover Community Bank.

Key Stats

• Today's Range: $25.64 to $26.47
• 50-Day Range: $24.54 to $27.74
• 52-Week Range: $19.91 to $27.94
• Volume: 17,527 shs
• Average Volume: 36,240 shs
• Market Capitalization: $181.65 million
• P/E Ratio: 20.26
• Dividend Yield: 1.55%
• Price Target: $28.50
• Consensus Rating: Moderate Buy

Hanover Bancorp Stock Analysis - MarketRank™

Hanover Bancorp scored higher than 99% of companies evaluated by MarketBeat, and ranked 36th out of 854 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: 2.9 / 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 no strong buy ratings, 2 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Hanover Bancorp has a consensus price target of $28.50, representing about 10.8% upside from its current price of $25.73.

Amount of Analyst Coverage

Hanover Bancorp has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 27.73%

Earnings Growth

Earnings for Hanover Bancorp are expected to grow by 27.73% in the coming year, from $2.38 to $3.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hanover Bancorp is 20.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.82.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hanover Bancorp is 20.26, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.58.

Price to Book Value per Share Ratio

Hanover Bancorp has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.21% 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 1.68, 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 31.09%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Hanover Bancorp pays a meaningful dividend of 1.53%, 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 31.50%. 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 13.16% next year. This indicates that Hanover Bancorp will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.15

News Sentiment

Hanover Bancorp has a news sentiment score of 0.15. 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 0.72 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Hanover Bancorp this week, compared to 1 article on an average week.

MarketBeat Follows

1 people have added Hanover Bancorp to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.8 / 5
• Insider Trading: Acquiring Shares

Net Insider Buying

Over the last three months, insiders have purchased a net $268,800.00 in company stock, which represents 0.1481% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, Hanover Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $268,800.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

24.38% 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

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

Company Calendar

• Last Earnings: 7/23/2026
• Record date for 8/13 Dividend: 8/06/2026
• Ex-Dividend for 8/13 Dividend: 8/06/2026
• Dividend Payable: 8/13/2026
• Today: 9/28/2026
• Next Earnings (Estimated): 10/29/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:HNVR
• CIK: 1828588
• Web: www.hanoverbank.com
• Phone: 516-548-8500
• Fax: N/A
• Employees: 194
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Hanover Bancorp: $28.50
• High Price Target: $28.50
• Low Price Target: $28.50
• Potential Upside/Downside: +10.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.27
• Trailing P/E Ratio: 20.26
• Forward P/E Ratio: 10.81
• P/E Growth: N/A
• Net Income: $7.49 million
• Net Margins: 6.71%
• Pretax Margin: 9.36%
• Return on Equity: 6.00%
• Return on Assets: 0.50%

Debt

• Debt-to-Equity Ratio: 0.17
• Current Ratio: 1.03
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $143.32 million
• Price / Sales: 1.27
• Cash Flow: $1.92 per share
• Price / Cash Flow: 13.37
• Book Value: $27.14 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 7,060,000
• Free Float: 5,335,000
• Market Cap: $181.65 million
• Optionable: Not Optionable
• Beta: 0.10