Hanover Bancorp, Inc. (NASDAQ:HNVR - Get Free Report) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be given a dividend of 0.10 per share on Wednesday, February 19th. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, February 12th.
Hanover Bancorp Stock Performance
Shares of NASDAQ HNVR traded up $0.21 during trading hours on Monday, reaching $26.80. 11,473 shares of the stock were exchanged, compared to its average volume of 15,303. The stock's fifty day simple moving average is $24.29 and its 200 day simple moving average is $20.66. The firm has a market capitalization of $191.62 million, a price-to-earnings ratio of 16.14 and a beta of -0.02. Hanover Bancorp has a 52 week low of $13.62 and a 52 week high of $27.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.03.
Hanover Bancorp (NASDAQ:HNVR - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. Hanover Bancorp had a return on equity of 6.71% and a net margin of 8.32%. Sell-side analysts predict that Hanover Bancorp will post 2.38 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of Hanover Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Stephens lowered Hanover Bancorp from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th.
Check Out Our Latest Report on Hanover Bancorp
Insiders Place Their Bets
In other Hanover Bancorp news, Director Robert Golden sold 2,500 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $25.50, for a total transaction of $63,750.00. Following the completion of the sale, the director now owns 28,345 shares of the company's stock, valued at approximately $722,797.50. This represents a 8.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 24.76% of the company's stock.
Hanover Bancorp Company Profile
(
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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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