Hanover Bancorp (HNVR) Competitors

Independent Bank (NASDAQ:IBCP) and Hanover Bancorp (NASDAQ:HNVR) are both small-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, community ranking, analyst recommendations, media sentiment, dividends, risk, valuation, profitability and institutional ownership.

Do insiders & institutionals have more ownership in IBCP or HNVR?

79.4% of Independent Bank shares are owned by institutional investors. Comparatively, 15.0% of Hanover Bancorp shares are owned by institutional investors. 5.5% of Independent Bank shares are owned by company insiders. Comparatively, 24.8% of Hanover Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Do analysts rate IBCP or HNVR?

Independent Bank currently has a consensus price target of $39.17, suggesting a potential upside of 7.60%. Hanover Bancorp has a consensus price target of $22.00, suggesting a potential downside of 17.26%. Given Independent Bank's higher possible upside, equities analysts clearly believe Independent Bank is more favorable than Hanover Bancorp.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Independent Bank	0 Sell rating(s)	4 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00
Hanover Bancorp	0 Sell rating(s)	1 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.50

Does the MarketBeat Community prefer IBCP or HNVR?

Independent Bank received 220 more outperform votes than Hanover Bancorp when rated by MarketBeat users. However, 62.50% of users gave Hanover Bancorp an outperform vote while only 54.35% of users gave Independent Bank an outperform vote.

Company	Underperform	Outperform
Independent Bank	Outperform Votes 225 54.35%	Underperform Votes 189 45.65%
Hanover Bancorp	Outperform Votes 5 62.50%	Underperform Votes 3 37.50%

Which has more risk and volatility, IBCP or HNVR?

Independent Bank has a beta of 1.03, meaning that its stock price is 3% more volatile than the S&P 500. Comparatively, Hanover Bancorp has a beta of -0.04, meaning that its stock price is 104% less volatile than the S&P 500.

Is IBCP or HNVR more profitable?

Independent Bank has a net margin of 20.67% compared to Hanover Bancorp's net margin of 8.32%. Independent Bank's return on equity of 15.43% beat Hanover Bancorp's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Independent Bank	20.67%	15.43%	1.27%
Hanover Bancorp	8.32%	6.71%	0.54%

Is IBCP or HNVR a better dividend stock?

Independent Bank pays an annual dividend of $0.96 per share and has a dividend yield of 2.6%. Hanover Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 1.5%. Independent Bank pays out 30.4% of its earnings in the form of a dividend. Hanover Bancorp pays out 24.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Independent Bank has raised its dividend for 11 consecutive years. Independent Bank is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Does the media prefer IBCP or HNVR?

In the previous week, Independent Bank had 11 more articles in the media than Hanover Bancorp. MarketBeat recorded 19 mentions for Independent Bank and 8 mentions for Hanover Bancorp. Hanover Bancorp's average media sentiment score of 1.02 beat Independent Bank's score of 0.82 indicating that Hanover Bancorp is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Independent Bank	5 Very Positive mention(s)	2 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
Hanover Bancorp	1 Very Positive mention(s)	2 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

Which has stronger valuation & earnings, IBCP or HNVR?

Independent Bank has higher revenue and earnings than Hanover Bancorp. Independent Bank is trading at a lower price-to-earnings ratio than Hanover Bancorp, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Independent Bank	$323.14M	2.35	$66.79M	$3.16	11.52
Hanover Bancorp	$148.36M	1.28	$3.52M	$1.66	16.02

Summary

Independent Bank beats Hanover Bancorp on 14 of the 21 factors compared between the two stocks.