Hanover Bancorp (NASDAQ:HNVR - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.49 per share for the quarter.
Hanover Bancorp Stock Performance
Shares of NASDAQ:HNVR traded up $0.95 on Wednesday, hitting $23.18. 8,950 shares of the company were exchanged, compared to its average volume of 9,717. The firm has a market capitalization of $165.81 million, a P/E ratio of 14.05 and a beta of -0.04. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. Hanover Bancorp has a 1-year low of $13.62 and a 1-year high of $27.14. The stock's 50 day moving average price is $23.24 and its 200 day moving average price is $19.78.
Hanover Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a yield of 1.73%. Hanover Bancorp's dividend payout ratio is currently 24.24%.
Analysts Set New Price Targets
HNVR has been the subject of several research analyst reports. Stephens cut Hanover Bancorp from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th. Piper Sandler raised their price target on shares of Hanover Bancorp from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th.
Get Our Latest Report on Hanover Bancorp
Insider Buying and Selling at Hanover Bancorp
In other Hanover Bancorp news, Director Robert Golden sold 2,500 shares of Hanover Bancorp stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $25.50, for a total transaction of $63,750.00. Following the completion of the transaction, the director now owns 28,345 shares in the company, valued at approximately $722,797.50. This trade represents a 8.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 24.76% of the stock is owned by corporate insiders.
Hanover Bancorp Company Profile
(
Get Free Report)
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.
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