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Hanover Bancorp (HNVR) Stock Price, News & Analysis

Hanover Bancorp logo
$19.61 -2.71 (-12.14%)
Closing price 04/3/2025 04:00 PM Eastern
Extended Trading
$20.06 +0.45 (+2.29%)
As of 04/3/2025 06:06 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Hanover Bancorp Stock (NASDAQ:HNVR)

Key Stats

Today's Range
$19.61
$21.33
50-Day Range
$19.61
$26.80
52-Week Range
$13.62
$27.14
Volume
15,686 shs
Average Volume
11,869 shs
Market Capitalization
$141.21 million
P/E Ratio
11.81
Dividend Yield
2.04%
Price Target
$22.00
Consensus Rating
Moderate Buy

Company Overview

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.

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Hanover Bancorp Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
81st Percentile Overall Score

HNVR MarketRank™: 

Hanover Bancorp scored higher than 81% of companies evaluated by MarketBeat, and ranked 456th out of 934 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Hanover Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Hanover Bancorp has received no research coverage in the past 90 days.

  • Read more about Hanover Bancorp's stock forecast and price target.
  • Earnings Growth

    Earnings for Hanover Bancorp are expected to grow by 22.27% in the coming year, from $2.38 to $2.91 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Hanover Bancorp is 11.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.93.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Hanover Bancorp is 11.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.98.

  • Read more about Hanover Bancorp's valuation and earnings.
  • Percentage of Shares Shorted

    1.00% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hanover Bancorp has recently decreased by 22.12%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Hanover Bancorp pays a meaningful dividend of 1.79%, 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 24.10%. 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 13.75% next year. This indicates that Hanover Bancorp will be able to sustain or increase its dividend.

  • Read more about Hanover Bancorp's dividend.
  • Percentage of Shares Shorted

    1.00% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hanover Bancorp has recently decreased by 22.12%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Hanover Bancorp has a news sentiment score of 1.90. 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 0.98 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Hanover Bancorp this week, compared to 1 article on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Hanover Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $200,537.00 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.

  • Read more about Hanover Bancorp's insider trading history.
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HNVR Stock News Headlines

Now I look stupid. Real stupid...
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
See More Headlines

HNVR Stock Analysis - Frequently Asked Questions

Hanover Bancorp's stock was trading at $23.06 at the beginning of the year. Since then, HNVR stock has decreased by 15.0% and is now trading at $19.61.
View the best growth stocks for 2025 here
.

Hanover Bancorp, Inc. (NASDAQ:HNVR) announced its quarterly earnings data on Wednesday, January, 29th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Hanover Bancorp had a net margin of 8.32% and a trailing twelve-month return on equity of 6.71%.

Hanover Bancorp (HNVR) raised $30 million in an initial public offering (IPO) on Wednesday, May 11th 2022. The company issued 1,363,636 shares at a price of $21.00-$23.00 per share.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Hanover Bancorp investors own include Broadcom (AVGO), NVIDIA (NVDA), Arista Networks (ANET), Meta Platforms (META), Adobe (ADBE), General Electric (GE) and Jabil (JBL).

Company Calendar

Last Earnings
1/29/2025
Record date for 2/19 Dividend
2/12/2025
Ex-Dividend for 2/19 Dividend
2/12/2025
Dividend Payable
2/19/2025
Today
4/03/2025
Next Earnings (Estimated)
4/16/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:HNVR
Fax
N/A
Employees
160
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.00
High Stock Price Target
$22.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+12.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Trailing P/E Ratio
11.81
Forward P/E Ratio
8.24
P/E Growth
N/A
Net Income
$12.35 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$68.43 million
Cash Flow
$1.57 per share
Price / Cash Flow
12.52
Price / Book
N/A

Miscellaneous

Free Float
5,382,000
Market Cap
$141.21 million
Optionable
Not Optionable
Beta
0.02
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This page (NASDAQ:HNVR) was last updated on 4/4/2025 by MarketBeat.com Staff
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