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Hanover Bancorp (HNVR) Competitors

Hanover Bancorp logo
$25.41 -0.27 (-1.05%)
Closing price 10/6/2026 04:00 PM Eastern
Extended Trading
$25.41 +0.00 (+0.00%)
As of 04:06 AM Eastern
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HNVR vs. TCBX, BCAL, AROW, PFIS, and MSBI

Should you buy Hanover Bancorp stock or one of its competitors? Hanover Bancorp's main competitors and comparable companies include Third Coast Bancshares (TCBX), California BanCorp (BCAL), Arrow Financial (AROW), Peoples Financial Services (PFIS), and Midland States Bancorp (MSBI). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "regional banks" industry.

How does Hanover Bancorp compare to Third Coast Bancshares?

Third Coast Bancshares (NASDAQ:TCBX) and Hanover Bancorp (NASDAQ:HNVR) are both small-cap finance companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, valuation, analyst recommendations, dividends, media sentiment, institutional ownership, risk and earnings.

Third Coast Bancshares has higher revenue and earnings than Hanover Bancorp. Third Coast Bancshares is trading at a lower price-to-earnings ratio than Hanover Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Third Coast Bancshares$234.99M3.04$47.67M$4.0110.72
Hanover Bancorp$75.28M2.38$7.49M$1.2720.01

Third Coast Bancshares presently has a consensus price target of $47.60, suggesting a potential upside of 10.74%. Hanover Bancorp has a consensus price target of $28.50, suggesting a potential upside of 12.16%. Given Hanover Bancorp's stronger consensus rating and higher probable upside, analysts clearly believe Hanover Bancorp is more favorable than Third Coast Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Third Coast Bancshares
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.71
Hanover Bancorp
0 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
3.00

Third Coast Bancshares pays an annual dividend of $16.87 per share and has a dividend yield of 39.2%. Hanover Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 1.6%. Third Coast Bancshares pays out 420.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Hanover Bancorp pays out 31.5% of its earnings in the form of a dividend.

36.9% of Third Coast Bancshares shares are owned by institutional investors. Comparatively, 15.0% of Hanover Bancorp shares are owned by institutional investors. 10.5% of Third Coast Bancshares shares are owned by insiders. Comparatively, 24.4% of Hanover Bancorp shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

In the previous week, Third Coast Bancshares had 2 more articles in the media than Hanover Bancorp. MarketBeat recorded 4 mentions for Third Coast Bancshares and 2 mentions for Hanover Bancorp. Third Coast Bancshares' average media sentiment score of 0.45 beat Hanover Bancorp's score of 0.00 indicating that Third Coast Bancshares is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Third Coast Bancshares
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hanover Bancorp
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Third Coast Bancshares has a net margin of 16.30% compared to Hanover Bancorp's net margin of 6.71%. Third Coast Bancshares' return on equity of 12.05% beat Hanover Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Third Coast Bancshares16.30% 12.05% 1.17%
Hanover Bancorp 6.71%6.00%0.50%

Third Coast Bancshares has a beta of 0.33, meaning that its stock price is 67% less volatile than the broader market. Comparatively, Hanover Bancorp has a beta of 0.11, meaning that its stock price is 89% less volatile than the broader market.

Summary

Third Coast Bancshares beats Hanover Bancorp on 13 of the 18 factors compared between the two stocks.

How does Hanover Bancorp compare to California BanCorp?

Hanover Bancorp (NASDAQ:HNVR) and California BanCorp (NASDAQ:BCAL) are both small-cap finance companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, media sentiment, valuation, institutional ownership, risk, profitability, analyst recommendations and dividends.

Hanover Bancorp has a beta of 0.11, suggesting that its share price is 89% less volatile than the broader market. Comparatively, California BanCorp has a beta of 0.91, suggesting that its share price is 9% less volatile than the broader market.

15.0% of Hanover Bancorp shares are held by institutional investors. Comparatively, 55.4% of California BanCorp shares are held by institutional investors. 24.4% of Hanover Bancorp shares are held by company insiders. Comparatively, 8.1% of California BanCorp shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

California BanCorp has higher revenue and earnings than Hanover Bancorp. California BanCorp is trading at a lower price-to-earnings ratio than Hanover Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hanover Bancorp$75.28M2.38$7.49M$1.2720.01
California BanCorp$180.21M3.86$63.06M$1.8411.77

In the previous week, Hanover Bancorp and Hanover Bancorp both had 2 articles in the media. California BanCorp's average media sentiment score of 0.90 beat Hanover Bancorp's score of 0.00 indicating that California BanCorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hanover Bancorp
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
California BanCorp
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Hanover Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 1.6%. California BanCorp pays an annual dividend of $0.48 per share and has a dividend yield of 2.2%. Hanover Bancorp pays out 31.5% of its earnings in the form of a dividend. California BanCorp pays out 26.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. California BanCorp is clearly the better dividend stock, given its higher yield and lower payout ratio.

Hanover Bancorp presently has a consensus target price of $28.50, indicating a potential upside of 12.16%. California BanCorp has a consensus target price of $24.50, indicating a potential upside of 13.11%. Given California BanCorp's higher possible upside, analysts plainly believe California BanCorp is more favorable than Hanover Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hanover Bancorp
0 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
3.00
California BanCorp
0 Sell rating(s)
1 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.83

California BanCorp has a net margin of 26.01% compared to Hanover Bancorp's net margin of 6.71%. California BanCorp's return on equity of 10.44% beat Hanover Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Hanover Bancorp6.71% 6.00% 0.50%
California BanCorp 26.01%10.44%1.49%

Summary

California BanCorp beats Hanover Bancorp on 14 of the 18 factors compared between the two stocks.

How does Hanover Bancorp compare to Arrow Financial?

Hanover Bancorp (NASDAQ:HNVR) and Arrow Financial (NASDAQ:AROW) are both small-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, institutional ownership, dividends, risk, profitability, analyst recommendations, valuation and media sentiment.

Hanover Bancorp currently has a consensus price target of $28.50, indicating a potential upside of 12.16%. Arrow Financial has a consensus price target of $41.63, indicating a potential upside of 11.90%. Given Hanover Bancorp's stronger consensus rating and higher possible upside, equities analysts clearly believe Hanover Bancorp is more favorable than Arrow Financial.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hanover Bancorp
0 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
3.00
Arrow Financial
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, Arrow Financial had 1 more articles in the media than Hanover Bancorp. MarketBeat recorded 3 mentions for Arrow Financial and 2 mentions for Hanover Bancorp. Arrow Financial's average media sentiment score of 1.00 beat Hanover Bancorp's score of 0.00 indicating that Arrow Financial is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hanover Bancorp
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Arrow Financial
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

15.0% of Hanover Bancorp shares are owned by institutional investors. Comparatively, 46.7% of Arrow Financial shares are owned by institutional investors. 24.4% of Hanover Bancorp shares are owned by company insiders. Comparatively, 3.5% of Arrow Financial shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Arrow Financial has a net margin of 20.56% compared to Hanover Bancorp's net margin of 6.71%. Arrow Financial's return on equity of 12.13% beat Hanover Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Hanover Bancorp6.71% 6.00% 0.50%
Arrow Financial 20.56%12.13%1.17%

Arrow Financial has higher revenue and earnings than Hanover Bancorp. Arrow Financial is trading at a lower price-to-earnings ratio than Hanover Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hanover Bancorp$75.28M2.38$7.49M$1.2720.01
Arrow Financial$242.58M2.84$43.95M$3.1012.00

Hanover Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 1.6%. Arrow Financial pays an annual dividend of $1.20 per share and has a dividend yield of 3.2%. Hanover Bancorp pays out 31.5% of its earnings in the form of a dividend. Arrow Financial pays out 38.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Arrow Financial has increased its dividend for 7 consecutive years. Arrow Financial is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Hanover Bancorp has a beta of 0.11, suggesting that its share price is 89% less volatile than the broader market. Comparatively, Arrow Financial has a beta of 0.76, suggesting that its share price is 24% less volatile than the broader market.

Summary

Arrow Financial beats Hanover Bancorp on 14 of the 20 factors compared between the two stocks.

How does Hanover Bancorp compare to Peoples Financial Services?

Hanover Bancorp (NASDAQ:HNVR) and Peoples Financial Services (NASDAQ:PFIS) are both small-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, valuation, institutional ownership, media sentiment and risk.

In the previous week, Hanover Bancorp had 2 more articles in the media than Peoples Financial Services. MarketBeat recorded 2 mentions for Hanover Bancorp and 0 mentions for Peoples Financial Services. Hanover Bancorp's average media sentiment score of 0.00 equaled Peoples Financial Services'average media sentiment score.

Company Overall Sentiment
Hanover Bancorp Neutral
Peoples Financial Services Neutral

15.0% of Hanover Bancorp shares are owned by institutional investors. Comparatively, 31.7% of Peoples Financial Services shares are owned by institutional investors. 24.4% of Hanover Bancorp shares are owned by company insiders. Comparatively, 8.2% of Peoples Financial Services shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Hanover Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 1.6%. Peoples Financial Services pays an annual dividend of $2.50 per share and has a dividend yield of 3.6%. Hanover Bancorp pays out 31.5% of its earnings in the form of a dividend. Peoples Financial Services pays out 28.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Peoples Financial Services has raised its dividend for 8 consecutive years. Peoples Financial Services is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Peoples Financial Services has a net margin of 20.66% compared to Hanover Bancorp's net margin of 6.71%. Peoples Financial Services' return on equity of 17.27% beat Hanover Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Hanover Bancorp6.71% 6.00% 0.50%
Peoples Financial Services 20.66%17.27%1.70%

Hanover Bancorp currently has a consensus target price of $28.50, suggesting a potential upside of 12.16%. Peoples Financial Services has a consensus target price of $65.50, suggesting a potential downside of 5.43%. Given Hanover Bancorp's stronger consensus rating and higher probable upside, analysts clearly believe Hanover Bancorp is more favorable than Peoples Financial Services.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hanover Bancorp
0 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
3.00
Peoples Financial Services
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25

Hanover Bancorp has a beta of 0.11, indicating that its share price is 89% less volatile than the broader market. Comparatively, Peoples Financial Services has a beta of 0.75, indicating that its share price is 25% less volatile than the broader market.

Peoples Financial Services has higher revenue and earnings than Hanover Bancorp. Peoples Financial Services is trading at a lower price-to-earnings ratio than Hanover Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hanover Bancorp$75.28M2.38$7.49M$1.2720.01
Peoples Financial Services$283.67M2.44$59.19M$8.837.84

Summary

Peoples Financial Services beats Hanover Bancorp on 12 of the 19 factors compared between the two stocks.

How does Hanover Bancorp compare to Midland States Bancorp?

Midland States Bancorp (NASDAQ:MSBI) and Hanover Bancorp (NASDAQ:HNVR) are both small-cap finance companies, but which is the better business? We will contrast the two businesses based on the strength of their media sentiment, dividends, analyst recommendations, risk, valuation, profitability, institutional ownership and earnings.

60.9% of Midland States Bancorp shares are owned by institutional investors. Comparatively, 15.0% of Hanover Bancorp shares are owned by institutional investors. 8.6% of Midland States Bancorp shares are owned by insiders. Comparatively, 24.4% of Hanover Bancorp shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Midland States Bancorp has a net margin of 9.40% compared to Hanover Bancorp's net margin of 6.71%. Midland States Bancorp's return on equity of 13.32% beat Hanover Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Midland States Bancorp9.40% 13.32% 0.92%
Hanover Bancorp 6.71%6.00%0.50%

Hanover Bancorp has lower revenue, but higher earnings than Midland States Bancorp. Hanover Bancorp is trading at a lower price-to-earnings ratio than Midland States Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Midland States Bancorp$476.05M1.43-$124.28M$1.5621.01
Hanover Bancorp$75.28M2.38$7.49M$1.2720.01

Midland States Bancorp pays an annual dividend of $1.32 per share and has a dividend yield of 4.0%. Hanover Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 1.6%. Midland States Bancorp pays out 84.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Hanover Bancorp pays out 31.5% of its earnings in the form of a dividend. Midland States Bancorp has raised its dividend for 1 consecutive years. Midland States Bancorp is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Midland States Bancorp has a beta of 0.66, meaning that its share price is 34% less volatile than the broader market. Comparatively, Hanover Bancorp has a beta of 0.11, meaning that its share price is 89% less volatile than the broader market.

In the previous week, Midland States Bancorp had 1 more articles in the media than Hanover Bancorp. MarketBeat recorded 3 mentions for Midland States Bancorp and 2 mentions for Hanover Bancorp. Midland States Bancorp's average media sentiment score of 0.74 beat Hanover Bancorp's score of 0.00 indicating that Midland States Bancorp is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Midland States Bancorp
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hanover Bancorp
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Midland States Bancorp presently has a consensus price target of $31.13, suggesting a potential downside of 5.05%. Hanover Bancorp has a consensus price target of $28.50, suggesting a potential upside of 12.16%. Given Hanover Bancorp's stronger consensus rating and higher probable upside, analysts clearly believe Hanover Bancorp is more favorable than Midland States Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Midland States Bancorp
0 Sell rating(s)
5 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Hanover Bancorp
0 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
3.00

Summary

Midland States Bancorp beats Hanover Bancorp on 12 of the 20 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding HNVR and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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HNVR vs. The Competition

MetricHanover BancorpBanks IndustryFinance SectorNASDAQ Exchange
Market Cap$181.18M$22.84B$13.43B$13.39B
Dividend Yield1.56%3.13%6.04%17.40%
P/E Ratio20.0125.3524.9026.38
Price / Sales2.389.25516.1295.66
Price / Cash12.9514.8143.9853.24
Price / Book0.941.342.716.33
Net Income$7.49M$2.58B$1.31B$381.96M
7 Day Performance1.97%0.20%0.03%-0.40%
1 Month Performance-7.09%-2.85%-3.13%-4.84%
1 Year Performance14.36%21.25%10.67%1.42%

Hanover Bancorp Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HNVR
Hanover Bancorp
4.9067 of 5 stars
$25.41
-1.1%
$28.50
+12.2%
+13.9%$181.18M$75.28M20.01194
TCBX
Third Coast Bancshares
2.8604 of 5 stars
$42.27
-0.8%
$47.60
+12.6%
+12.1%$701.28M$234.99M12.93477
BCAL
California BanCorp
4.4987 of 5 stars
$21.35
-0.3%
$24.50
+14.8%
+26.1%$686.42M$180.21M11.60288
AROW
Arrow Financial
4.4295 of 5 stars
$36.85
-1.2%
$41.63
+13.0%
+34.3%$682.46M$242.58M11.89578
PFIS
Peoples Financial Services
3.594 of 5 stars
$67.36
-2.0%
$65.50
-2.8%
+44.3%$674.27M$283.67M7.63583

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This page (NASDAQ:HNVR) was last updated on 10/7/2026 by MarketBeat.com Staff.
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