Should I buy or sell Hanover Bancorp stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hanover Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 Wall Street analysts have issued twelve-month price objectives for Hanover Bancorp's stock. Their HNVR share price targets range from $21.00 to $21.00. On average, they expect the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 27.9% 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 on January 1st, 2024. Since then, HNVR shares have decreased by 6.9% and is now trading at $16.42. View the best growth stocks for 2024 here .

Are investors shorting Hanover Bancorp?

Hanover Bancorp saw a increase in short interest in April. As of April 15th, there was short interest totaling 5,000 shares, an increase of 19.0% from the March 31st total of 4,200 shares. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company's shares 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, July 25th 2024. View our HNVR earnings forecast .

How were Hanover Bancorp's earnings last quarter?

Hanover Bancorp, Inc. (NASDAQ:HNVR) announced its quarterly earnings results on Wednesday, April, 17th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.36 by $0.19. The business had revenue of $16.51 million for the quarter, compared to analysts' expectations of $15.60 million. Hanover Bancorp had a trailing twelve-month return on equity of 7.69% and a net margin of 10.82%.

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

Hanover Bancorp declared a quarterly dividend on Wednesday, April 17th. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.10 per share on Wednesday, May 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, May 7th. 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 2.37%. The dividend payout ratio is 20.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HNVR will have a dividend payout ratio of 14.39% 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?

Hanover Bancorp (HNVR) raised $30 million in an initial public offering on Wednesday, May 11th 2022. The company issued 1,363,636 shares at a price of $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

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Free HNVR Stock Alerts

$16.42

-0.36 (-2.15%)

(As of 04/25/2024 ET)

Compare

Today's Range: $16.42
▼
$16.80
50-Day Range: $13.73
▼
$17.69
52-Week Range: $13.62
▼
$18.91

Volume: 5,473 shs
Average Volume: 5,321 shs
Market Capitalization: $118.72 million

P/E Ratio: 8.38
Dividend Yield: 2.44%
Price Target: $21.00

Get Hanover Bancorp alerts:

Hanover Bancorp MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 27.9% Upside
$21.00 Price Target
Short Interest: Healthy
0.12% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.04
Based on 10 Articles This Week
Insider Trading: Acquiring Shares
$62,254 Bought Last Quarter
Proj. Earnings Growth: 36.27%
From $2.04 to $2.78 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.

4.83 out of 5 stars

Finance Sector

33rd out of 859 stocks

State Commercial Banks Industry

9th out of 180 stocks

3.5

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 received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.12% 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 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Hanover Bancorp has recently increased by 19.05%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Hanover Bancorp pays a meaningful dividend of 2.37%, 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 14.39% next year. This indicates that Hanover Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

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

3.9

News and Social Media Coverage

News Sentiment
Hanover Bancorp has a news sentiment score of 1.04. 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 higher news sentiment than the 0.50 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.
Search Interest
14 people have searched for HNVR on MarketBeat in the last 30 days.
MarketBeat Follows
8 people have added Hanover Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 700% compared to the previous 30 days.

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 $62,254.00 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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Hanover Bancorp are expected to grow by 36.27% in the coming year, from $2.04 to $2.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hanover Bancorp is 8.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hanover Bancorp is 8.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.13.
Price to Book Value per Share Ratio
Hanover Bancorp has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

April 24, 2024 | insidertrades.com

Hanover Bancorp, Inc. (NASDAQ:HNVR) Director Elena Sisti Acquires 2,000 Shares

April 1, 2024 | marketbeat.com

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April 1, 2024 | marketbeat.com

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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 22, 2024 | americanbankingnews.com

Comparing German American Bancorp (NASDAQ:GABC) & Hanover Bancorp (NASDAQ:HNVR)

April 18, 2024 | msn.com

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

April 25, 2024 | DTI (Ad)

What is the 72-Hour Profit Surge?

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

April 17, 2024 | finance.yahoo.com

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

April 17, 2024 | globenewswire.com

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

April 17, 2024 | msn.com

Hanover honors Spirit of Volunteerism Award winners

April 16, 2024 | americanbankingnews.com

Head-To-Head Contrast: Hanover Bancorp (NASDAQ:HNVR) & Texas Capital Bancshares (NASDAQ:TCBI)

April 14, 2024 | msn.com

Police: Hanover teenager attacked parent, set own house on fire

April 14, 2024 | msn.com

Hanover teen attacked parent with knife, set fire to home and walked around neighborhood with hatchet

April 12, 2024 | msn.com

Hanover County Sheriff’s Office continues to ask community for help after juvenile shot, killed

April 12, 2024 | msn.com

New Hanover County school district restricts spending ahead of potential budget cuts

April 9, 2024 | msn.com

Juvenile shot, killed at weekend party, Hanover County continuing to investigate

April 8, 2024 | msn.com

Police: Juvenile shot, killed at late night ‘large party’ in Hanover County

April 8, 2024 | msn.com

Hanover County neighbors in shock after juvenile shot, killed at ‘large party’

April 8, 2024 | investorplace.com

3 Financial Stocks Short Sellers Are Banking On to Fail

April 1, 2024 | investorplace.com

Bounce-Back Bargains: 3 Oversold Stocks Ripe for a Short-Term Surge

March 9, 2024 | yahoo.com

Frankfort and Hanover both win state titles in girls’ basketball

March 9, 2024 | msn.com

New Hanover basketball erases huge deficit, overcomes Panther Creek in NCHSAA playoffs

March 9, 2024 | msn.com

Spillway collapse at Hanover dam caused instability, concerns about coming rainfall

See More Headlines

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Company Calendar

Ex-Dividend for 2/14 Dividend: 2/06/2024
Dividend Payable: 2/14/2024
Last Earnings: 4/17/2024
Today: 4/25/2024
Ex-Dividend for 5/15 Dividend: 5/07/2024
Dividend Payable: 5/15/2024
Next Earnings (Estimated): 7/25/2024
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: $21.00
High Stock Price Target: $21.00
Low Stock Price Target: $21.00
Potential Upside/Downside: +27.9%
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: 8.38
Forward P/E Ratio: 8.05
P/E Growth: N/A
Net Income: $15.16 million
Net Margins: 10.82%
Pretax Margin: 17.73%
Return on Equity: 7.69%
Return on Assets: 0.65%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 1.08
Quick Ratio: 1.08

Sales & Book Value

Annual Sales: $113.89 million
Price / Sales: 1.04
Cash Flow: $1.95 per share
Price / Cash Flow: 8.44
Book Value: $24.44 per share
Price / Book: 0.67

Miscellaneous

Outstanding Shares: 7,230,000
Free Float: 5,439,000
Market Cap: $118.72 million
Optionable: Not Optionable
Beta: -0.14

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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

View All Insider Transactions

HNVR Stock Analysis - Frequently Asked Questions

Should I buy or sell Hanover Bancorp stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hanover Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 Wall Street analysts have issued twelve-month price objectives for Hanover Bancorp's stock. Their HNVR share price targets range from $21.00 to $21.00. On average, they expect the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 27.9% 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 on January 1st, 2024. Since then, HNVR shares have decreased by 6.9% and is now trading at $16.42.
View the best growth stocks for 2024 here.
Are investors shorting Hanover Bancorp?: Hanover Bancorp saw a increase in short interest in April. As of April 15th, there was short interest totaling 5,000 shares, an increase of 19.0% from the March 31st total of 4,200 shares. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company's shares 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, July 25th 2024.
View our HNVR earnings forecast.
How were Hanover Bancorp's earnings last quarter?: Hanover Bancorp, Inc. (NASDAQ:HNVR) announced its quarterly earnings results on Wednesday, April, 17th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.36 by $0.19. The business had revenue of $16.51 million for the quarter, compared to analysts' expectations of $15.60 million. Hanover Bancorp had a trailing twelve-month return on equity of 7.69% and a net margin of 10.82%.

How often does Hanover Bancorp pay dividends? What is the dividend yield for Hanover Bancorp?: Hanover Bancorp declared a quarterly dividend on Wednesday, April 17th. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.10 per share on Wednesday, May 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, May 7th.
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 2.37%. The dividend payout ratio is 20.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HNVR will have a dividend payout ratio of 14.39% 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?: Hanover Bancorp (HNVR) raised $30 million in an initial public offering on Wednesday, May 11th 2022. The company issued 1,363,636 shares at a price of $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.

This page (NASDAQ:HNVR) was last updated on 4/25/2024 by MarketBeat.com Staff

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Hanover Bancorp (HNVR) Stock Price, News & Analysis

Hanover Bancorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Hanover Bancorp Stock (NASDAQ:HNVR)

HNVR Stock Price History

HNVR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

HNVR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™