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Hanover Bancorp, Inc. (NASDAQ:HNVR) Announces Quarterly Dividend of $0.10

Hanover Bancorp logo with Finance background

Hanover Bancorp, Inc. (NASDAQ:HNVR - Get Free Report) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Wednesday, November 6th will be given a dividend of 0.10 per share on Wednesday, November 13th. This represents a $0.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, November 6th.

Hanover Bancorp Price Performance

HNVR traded down $0.35 on Friday, hitting $18.89. 9,586 shares of the stock were exchanged, compared to its average volume of 5,806. The firm has a market capitalization of $136.93 million, a price-to-earnings ratio of 9.49 and a beta of -0.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.02. Hanover Bancorp has a 12 month low of $13.62 and a 12 month high of $21.50. The business has a 50-day moving average of $18.29 and a two-hundred day moving average of $17.07.

Hanover Bancorp (NASDAQ:HNVR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.34). The firm had revenue of $37.04 million for the quarter, compared to the consensus estimate of $16.30 million. Hanover Bancorp had a return on equity of 6.33% and a net margin of 8.70%. Sell-side analysts forecast that Hanover Bancorp will post 1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler upped their target price on Hanover Bancorp from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday.

Read Our Latest Report on HNVR

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.

Further Reading

Dividend History for Hanover Bancorp (NASDAQ:HNVR)

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