Hanover Bancorp (HNVR) Stock Price, News & Analysis

Company Overview

Hanover Bancorp, Inc. is the bank holding company for The Hanover National Bank, a regional financial institution headquartered in Syracuse, New York. Through its subsidiary, the company provides a full range of commercial and retail banking services, with an emphasis on relationship-driven client support and community engagement.

Key offerings include deposit products such as checking, savings, and certificates of deposit, as well as commercial and consumer lending solutions. The bank also offers treasury management services, residential mortgage origination, and investment advisory services to meet the diverse needs of individuals, small businesses, and municipalities within its market area.

Operating primarily in Central and Upstate New York, Hanover Bancorp maintains a network of branches and loan production offices designed to serve local communities. The company’s longstanding presence in the region underscores its commitment to supporting economic growth and delivering personalized financial solutions.

Key Stats

• Today's Range: $22.41 to $22.86
• 50-Day Range: $20.70 to $23.28
• 52-Week Range: $17.16 to $27.14
• Volume: 7,453 shs
• Average Volume: 18,199 shs
• Market Capitalization: $162.52 million
• P/E Ratio: 14.71
• Dividend Yield: 1.78%
• Price Target: $23.83
• Consensus Rating: Hold

Hanover Bancorp Stock Analysis - MarketRank™

Hanover Bancorp scored higher than 77% of companies evaluated by MarketBeat, and ranked 346th out of 915 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Hanover Bancorp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Hanover Bancorp is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Hanover Bancorp has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 22.27%

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 14.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 279.68.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hanover Bancorp is 14.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 231.78.

Price to Book Value per Share Ratio

Hanover Bancorp has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.00% 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 4.3.

Change versus previous month

Short interest in Hanover Bancorp has recently decreased by 6.03%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Hanover Bancorp pays a meaningful dividend of 1.75%, 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 26.14%. 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.00% 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 4.3.

Change versus previous month

Short interest in Hanover Bancorp has recently decreased by 6.03%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Hanover Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

23.88% 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.

HNVR Stock Analysis - Frequently Asked Questions

How have HNVR shares performed this year?

Hanover Bancorp's stock was trading at $23.06 at the start of the year. Since then, HNVR shares have decreased by 2.4% and is now trading at $22.51.

How were Hanover Bancorp's earnings last quarter?

Hanover Bancorp, Inc. (NASDAQ:HNVR) issued its quarterly earnings results on Wednesday, July, 23rd. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.57 by $0.24. The firm had revenue of $18.36 million for the quarter, compared to analysts' expectations of $19.30 million. Hanover Bancorp had a trailing twelve-month return on equity of 7.40% and a net margin of 7.73%.

When did Hanover Bancorp IPO?

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 $21.00-$23.00 per share.

Who are Hanover Bancorp's major shareholders?

Top institutional shareholders of Hanover Bancorp include Fourthstone LLC (4.05%), Geode Capital Management LLC (1.46%), Corient Private Wealth LLC (0.35%) and Los Angeles Capital Management LLC (0.23%). Insiders that own company stock include Michael P Puorro, Robert Golden, Michael David MD Katz, Elena Sisti, Mcclelland W Wilcox, Philip A Okun, Lance P Burke and John P Vivona.
View institutional ownership trends.

How do I buy shares of Hanover Bancorp?

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.

What other stocks do shareholders of Hanover Bancorp own?

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), GE Aerospace (GE) and Jabil (JBL).

Company Calendar

• Last Earnings: 7/23/2025
• Record date for 8/13 Dividend: 8/06/2025
• Ex-Dividend for 8/13 Dividend: 8/06/2025
• Dividend Payable: 8/13/2025
• Today: 9/10/2025
• Next Earnings (Estimated): 10/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:HNVR
• CIK: 1828588
• Web: www.hanoverbank.com
• Phone: 516-548-8500
• Fax: N/A
• Employees: 160
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Hanover Bancorp: $23.83
• High Price Target: $25.00
• Low Price Target: $22.50
• Potential Upside/Downside: +5.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.53
• Trailing P/E Ratio: 14.71
• Forward P/E Ratio: 9.46
• P/E Growth: N/A
• Net Income: $12.35 million
• Net Margins: 7.73%
• Pretax Margin: 10.14%
• Return on Equity: 7.40%
• Return on Assets: 0.61%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 1.03
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $148.36 million
• Price / Sales: 1.10
• Cash Flow: $2.24 per share
• Price / Cash Flow: 10.07
• Book Value: $26.79 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 7,220,000
• Free Float: 5,492,000
• Market Cap: $162.52 million
• Optionable: Not Optionable
• Beta: 0.07