Hanover Bancorp, Inc. (NASDAQ:HNVR - Get Free Report) Director Robert Golden sold 2,272 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $26.68, for a total transaction of $60,616.96. Following the sale, the director now directly owns 30,420 shares in the company, valued at $811,605.60. This trade represents a 6.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Robert Golden also recently made the following trade(s):
- On Wednesday, February 5th, Robert Golden sold 2,761 shares of Hanover Bancorp stock. The shares were sold at an average price of $26.61, for a total value of $73,470.21.
- On Monday, February 3rd, Robert Golden sold 2,500 shares of Hanover Bancorp stock. The stock was sold at an average price of $26.58, for a total value of $66,450.00.
- On Tuesday, December 10th, Robert Golden sold 2,500 shares of Hanover Bancorp stock. The stock was sold at an average price of $25.50, for a total value of $63,750.00.
Hanover Bancorp Price Performance
NASDAQ:HNVR traded down $0.07 during trading hours on Thursday, reaching $26.34. 9,411 shares of the company's stock were exchanged, compared to its average volume of 14,738. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $188.33 million, a P/E ratio of 15.87 and a beta of -0.02. Hanover Bancorp, Inc. has a 12 month low of $13.62 and a 12 month high of $27.14. The business's 50-day simple moving average is $24.41 and its two-hundred day simple moving average is $20.80.
Hanover Bancorp (NASDAQ:HNVR - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.52 earnings per share (EPS) 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 expect that Hanover Bancorp, Inc. will post 2.38 EPS for the current fiscal year.
Hanover Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. Hanover Bancorp's payout ratio is currently 24.10%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Hanover Bancorp by 46.5% during the 3rd quarter. Geode Capital Management LLC now owns 43,512 shares of the company's stock valued at $779,000 after acquiring an additional 13,803 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Hanover Bancorp during the second quarter valued at $170,000. Finally, Fourthstone LLC purchased a new position in Hanover Bancorp in the third quarter valued at about $877,000. Hedge funds and other institutional investors own 15.02% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Piper Sandler raised their price target on shares of Hanover Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Stephens downgraded Hanover Bancorp from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th.
Read Our Latest Analysis on Hanover Bancorp
About Hanover Bancorp
(
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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