How have HNVR shares performed this year?

Hanover Bancorp's stock was trading at $17.64 at the beginning of 2024. Since then, HNVR stock has decreased by 2.8% and is now trading at $17.14. View the best growth stocks for 2024 here .

How were Hanover Bancorp's earnings last quarter?

Hanover Bancorp, Inc. (NASDAQ:HNVR) posted its quarterly earnings results on Wednesday, July, 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.45 by $0.34. The business had revenue of $37.04 million for the quarter, compared to the consensus estimate of $16.30 million. Hanover Bancorp had a net margin of 8.70% and a trailing twelve-month return on equity of 6.33%.

When did Hanover Bancorp IPO?

Hanover Bancorp (HNVR) raised $30 million in an IPO 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. Compare Top Brokerages Here .

NASDAQ:HNVR

Hanover Bancorp (HNVR) Stock Price, News & Analysis

$17.14

+0.58 (+3.50%)

(As of 07/26/2024 ET)

Compare

Today's Range: $16.56
▼
$17.14
50-Day Range: $16.01
▼
$17.68
52-Week Range: $13.62
▼
$18.86

Volume: 1,827 shs
Average Volume: 5,710 shs
Market Capitalization: $124.27 million

P/E Ratio: 8.74
Dividend Yield: 2.33%
Price Target: $20.00

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Hanover Bancorp MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 16.7% Upside
$20.00 Price Target
Short Interest: Healthy
0.08% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.18
Based on 13 Articles This Week
Insider Trading: Acquiring Shares
$35,454 Bought Last Quarter
Proj. Earnings Growth: 25.37%
From $2.05 to $2.57 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.39 out of 5 stars

Finance Sector

153rd out of 898 stocks

State Commercial Banks Industry

30th out of 181 stocks

2.5

Analyst's Opinion

Consensus Rating
Hanover Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Hanover Bancorp has only been the subject of 1 research reports in the past 90 days.
Read more about Hanover Bancorp's stock forecast and price target.

5.0

Short Interest

Percentage of Shares Shorted
0.08% 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 0.5, 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 17.50%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Hanover Bancorp pays a meaningful dividend of 2.27%, 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 20.41%. 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 15.56% next year. This indicates that Hanover Bancorp will be able to sustain or increase its dividend.
Read more about Hanover Bancorp's dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HNVR.

1.0

News and Social Media Coverage

News Sentiment
Hanover Bancorp has a news sentiment score of -0.18. 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 0.50 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Hanover Bancorp this week, compared to 1 article on an average week.

3.3

Company Ownership

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 $35,454.00 in company stock and sold $0.00 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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Hanover Bancorp are expected to grow by 25.37% in the coming year, from $2.05 to $2.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hanover Bancorp is 8.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hanover Bancorp is 8.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.14.
Price to Book Value per Share Ratio
Hanover Bancorp has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Read more about Hanover Bancorp's valuation and earnings.

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About Hanover Bancorp Stock (NASDAQ:HNVR)

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.

HNVR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HNVR Stock News Headlines

July 25 at 7:35 PM | markets.businessinsider.com

Hanover Bancorp, Inc. Reports Earnings for the Second Quarter and Declares $0.10 Quarterly Cash Dividend

July 25 at 2:31 PM | msn.com

Headed to downtown Hanover? There are 730 public spaces. Here's where they all are

July 26, 2024 | WealthPress (Ad)

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July 25 at 2:31 PM | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on Hanover Bancorp Inc (HNVR)

July 25 at 8:28 AM | americanbankingnews.com

Hanover Bancorp (NASDAQ:HNVR) PT Raised to $20.00

July 24 at 4:00 PM | globenewswire.com

Hanover Bancorp, Inc. Reports Earnings for the Second Quarter and Declares $0.10 Quarterly Cash Dividend

July 23 at 9:16 PM | finance.yahoo.com

Individual investors account for 45% of Hanover Bancorp, Inc.'s (NASDAQ:HNVR) ownership, while insiders account for 24%

July 19, 2024 | yahoo.com

New Hanover dance instructor charged with sex crimes involving a minor

July 26, 2024 | WealthPress (Ad)

This TSLA short trade is on a nine win hot streak

July 19, 2024 | msn.com

Hanover Sheriff warning residents about scams related to IT outage

May 29, 2024 | msn.com

Hanover County Public Schools to close early Wednesday through Friday

May 26, 2024 | finance.yahoo.com

Hanover Bancorp, Inc. (HNVR)

April 26, 2024 | msn.com

Court documents detail events of Hanover party shooting in which 16-year-old was killed

April 25, 2024 | investing.com

Hanover Bancorp CEO buys shares worth $3,315

April 23, 2024 | msn.com

Main Street Hanover leader reflects as she moves on to a new state role

April 18, 2024 | msn.com

Who shot and killed a 16-year-old at a party in Hanover? Family, police beg for answers

April 18, 2024 | markets.businessinsider.com

HNVR Stock Earnings: Hanover Bancorp Beats EPS, Beats Revenue for Q2 2024

April 17, 2024 | finanznachrichten.de

Hanover Bancorp, Inc. Reports Earnings for the First Quarter with Increased Net Income and Net Interest Income and Strong Non-interest Income

See More Headlines

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Company Calendar

Ex-Dividend for 5/15 Dividend: 5/07/2024
Dividend Payable: 5/15/2024
Last Earnings: 7/24/2024
Today: 7/26/2024
Ex-Dividend for 8/14 Dividend: 8/07/2024
Dividend Payable: 8/14/2024
Next Earnings (Estimated): 10/24/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:HNVR
CUSIP: N/A
CIK: 1828588
Web: www.hanoverbank.com
Phone: 516-548-8500
Fax: N/A
Employees: 176
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $20.00
High Stock Price Target: $20.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +20.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.96
Trailing P/E Ratio: 8.45
Forward P/E Ratio: 8.08
P/E Growth: N/A
Net Income: $15.16 million
Net Margins: 8.70%
Pretax Margin: N/A
Return on Equity: 6.33%
Return on Assets: 0.52%

Debt

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

Sales & Book Value

Annual Sales: $113.89 million
Price / Sales: 1.05
Cash Flow: $1.88 per share
Price / Cash Flow: 8.81
Book Value: $24.44 per share
Price / Book: 0.68

Miscellaneous

Outstanding Shares: 7,250,000
Free Float: 5,454,000
Market Cap: $120.06 million
Optionable: Not Optionable
Beta: -0.23

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Key Executives

Mr. Michael P. Puorro CPA (Age 64)
CEO & Chairman
Comp: $952.96k
Mr. McClelland W. Wilcox (Age 52)
President & Chief Revenue Officer
Comp: $707.5k
Mr. Kevin Corbett (Age 64)
Executive VP & Chief Credit Officer
Comp: $402.96k
Mr. Lance P. Burke (Age 44)
Executive VP & CFO
Ms. Raffaella Palazzo
COO & First Senior Vice President
Ms. Lisa A. Dilorio (Age 60)
First Senior VP & Chief Accounting Officer
Mr. Ray Sanchez
First Senior VP & Chief Information Officer
Mr. Michael P. Locorriere (Age 56)
Executive VP & Chief Municipal Officer
Mr. John P. Vivona
First Senior VP & Chief Risk Officer
Ms. Michelle Mihas
?Senior VP & Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HNVR Stock Analysis - Frequently Asked Questions

How have HNVR shares performed this year?: Hanover Bancorp's stock was trading at $17.64 at the beginning of 2024. Since then, HNVR stock has decreased by 2.8% and is now trading at $17.14.
View the best growth stocks for 2024 here.
How were Hanover Bancorp's earnings last quarter?: Hanover Bancorp, Inc. (NASDAQ:HNVR) posted its quarterly earnings results on Wednesday, July, 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.45 by $0.34. The business had revenue of $37.04 million for the quarter, compared to the consensus estimate of $16.30 million. Hanover Bancorp had a net margin of 8.70% and a trailing twelve-month return on equity of 6.33%.
When did Hanover Bancorp IPO?: Hanover Bancorp (HNVR) raised $30 million in an IPO 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.
Compare Top Brokerages Here.