S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Revolutionary Device Redefines Cancer Detection (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Rare Earth Elements: The Workhorse of The Tech Revolution (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
Rare Earth Elements: The Workhorse of The Tech Revolution (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Revolutionary Device Redefines Cancer Detection (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Rare Earth Elements: The Workhorse of The Tech Revolution (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
Rare Earth Elements: The Workhorse of The Tech Revolution (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Revolutionary Device Redefines Cancer Detection (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Rare Earth Elements: The Workhorse of The Tech Revolution (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
Rare Earth Elements: The Workhorse of The Tech Revolution (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Revolutionary Device Redefines Cancer Detection (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Rare Earth Elements: The Workhorse of The Tech Revolution (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
Rare Earth Elements: The Workhorse of The Tech Revolution (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
China's manufacturing activity contracts for 5th straight month despite policy support
NASDAQ:HNVR

Hanover Bancorp (HNVR) Stock Price, News & Analysis

$16.53
0.00 (0.00%)
(As of 02/29/2024 ET)
Today's Range
$16.52
$16.98
50-Day Range
$16.53
$18.18
52-Week Range
$16.52
$19.96
Volume
2,306 shs
Average Volume
4,643 shs
Market Capitalization
$119.51 million
P/E Ratio
8.98
Dividend Yield
2.42%
Price Target
$21.00

Hanover Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
27.0% Upside
$21.00 Price Target
Short Interest
Healthy
0.07% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.96mentions of Hanover Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$21,614 Bought Last Quarter
Proj. Earnings Growth
43.62%
From $1.88 to $2.70 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.

4.94 out of 5 stars

Finance Sector

99th out of 868 stocks

State Commercial Banks Industry

26th out of 184 stocks


HNVR stock logo

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

HNVR Stock News Headlines

Hanover Bancorp (NASDAQ:HNVR) Stock Price Up 0.9%
Hanover Bancorp's (NASDAQ:HNVR) Dividend Will Be $0.10
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
UPMC Hanover
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
Hanover Bancorp Inc HNVR
Provident Financial (PROV) Announces Share Buyback Plan
Hanover Bancorp Approves New Share Repurchase Program
Hanover Bank Announces Appointment of New President
Hanover Bancorp Inc.
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 2/14 Dividend
2/06/2024
Dividend Payable
2/14/2024
Today
2/29/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:HNVR
Fax
N/A
Employees
176
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.00
High Stock Price Target
$21.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+27.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$15.16 million
Pretax Margin
17.73%

Debt

Sales & Book Value

Annual Sales
$113.89 million
Cash Flow
$1.93 per share
Book Value
$25.47 per share

Miscellaneous

Free Float
5,439,000
Market Cap
$119.51 million
Optionable
Not Optionable
Beta
-0.07
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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
  • Ms. Raffaella Palazzo
    COO & First Senior VP Managing Director of Commercial Banking
  • Ms. Lisa A. Diiorio (Age 60)
    First Senior VP & Chief Accounting Officer
  • Mr. Michael P. Locorriere (Age 56)
    Executive VP & Chief Municipal Officer
  • John P. Vivona
    First Senior VP & Chief Risk Officer
  • Ms. Elijiah L. Gray
    First Senior VP & MD of SBA & USDA Banking
  • Ms. Michelle Mihas
    First VP & Corporate Secretary
  • Mr. Joseph Burns
    Executive VP & Chief Lending Officer














HNVR Stock Analysis - Frequently Asked Questions

Should I buy or sell Hanover Bancorp stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanover Bancorp in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" HNVR shares.
View HNVR analyst ratings
or view top-rated stocks.

What is Hanover Bancorp's stock price target for 2024?

1 analysts have issued 1-year price targets for Hanover Bancorp's stock. Their HNVR share price targets range from $21.00 to $21.00. On average, they predict the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
View analysts price targets for HNVR
or view top-rated stocks among Wall Street analysts.

How have HNVR shares performed in 2024?

Hanover Bancorp's stock was trading at $17.64 at the beginning of the year. Since then, HNVR stock has decreased by 6.3% and is now trading at $16.53.
View the best growth stocks for 2024 here
.

Are investors shorting Hanover Bancorp?

Hanover Bancorp saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 3,000 shares, a drop of 23.1% from the January 31st total of 3,900 shares. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.
View Hanover Bancorp's Short Interest
.

When is Hanover Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our HNVR earnings forecast
.

How were Hanover Bancorp's earnings last quarter?

Hanover Bancorp, Inc. (NASDAQ:HNVR) announced its earnings results on Wednesday, January, 24th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.20. The firm had revenue of $15.91 million for the quarter, compared to analysts' expectations of $14.40 million. Hanover Bancorp had a net margin of 10.93% and a trailing twelve-month return on equity of 7.47%.

How often does Hanover Bancorp pay dividends? What is the dividend yield for Hanover Bancorp?

Hanover Bancorp declared a quarterly dividend on Wednesday, January 24th. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.10 per share on Wednesday, February 14th. This represents a $0.40 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, February 6th.
Read our dividend analysis for HNVR
.

Is Hanover Bancorp a good dividend stock?

Hanover Bancorp (NASDAQ:HNVR) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.42%. The dividend payout ratio is 21.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HNVR will have a dividend payout ratio of 14.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HNVR.

When did Hanover Bancorp IPO?

(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.

Who are Hanover Bancorp's major shareholders?

Hanover Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.04%), Stephens Inc. AR (0.15%) and Balyasny Asset Management L.P. (0.15%). Insiders that own company stock include Elena Sisti, Michael David MD Katz, Philip A Okun and Robert Golden.
View institutional ownership trends
.

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.

This page (NASDAQ:HNVR) was last updated on 3/1/2024 by MarketBeat.com Staff