Hanover Bancorp, Inc. (HNVR)

NASDAQ: HNVR · Real-Time Price · USD
23.74
-1.73 (-6.79%)
Dec 20, 2024, 4:00 PM EST - Market closed
-6.79%
Market Cap 169.80M
Revenue (ttm) 64.02M
Net Income (ttm) 13.29M
Shares Out 7.15M
EPS (ttm) 1.85
PE Ratio 12.84
Forward PE 11.07
Dividend $0.40 (1.69%)
Ex-Dividend Date Nov 6, 2024
Volume 26,234
Open 25.20
Previous Close 25.47
Day's Range 23.49 - 25.25
52-Week Range 13.62 - 27.14
Beta -0.09
Analysts Buy
Price Target 22.00 (-7.33%)
Earnings Date Jan 22, 2025

About HNVR

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 ... [Read more]

Sector Financials
IPO Date May 11, 2022
Employees 176
Stock Exchange NASDAQ
Ticker Symbol HNVR
Full Company Profile

Financial Performance

In 2023, Hanover Bancorp's revenue was $62.85 million, an increase of 4.91% compared to the previous year's $59.91 million. Earnings were $14.58 million, a decrease of -0.16%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for HNVR stock is "Buy" and the 12-month stock price forecast is $22.0.

Price Target
$22.0
(-7.33% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Hanover Bancorp, Inc. Reports Third Quarter 2024 Results and Declares $0.10 Quarterly Cash Dividend

Third Quarter Performance Highlights Net Income: Net income for the quarter ended September 30, 2024 totaled $3.5 million or $0.48 per diluted share (including Series A preferred shares). Adjusted (no...

2 months ago - GlobeNewsWire

Hanover Bank Hosts Celebration to Thank Community

MINEOLA, N.Y., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Michael P.

3 months ago - GlobeNewsWire

Hanover Bancorp Announces Small Business Recovery Grants to Local Non-Profit Organizations

MINEOLA, N.Y., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Michael P. Puorro, Chairman and Chief Executive Officer of Hanover Bancorp, Inc. the bank holding company for Hanover Community Bank, today announced g...

5 months ago - GlobeNewsWire

Hanover Bancorp, Inc. Reports Earnings for the Second Quarter and Declares $0.10 Quarterly Cash Dividend

Second Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2024 totaled $0.8 million (after giving effect to an allowance for credit loss (“ACL”) on an individually ev...

5 months ago - GlobeNewsWire

Hanover Bancorp, Inc. Reports Earnings for the First Quarter with Increased Net Income and Net Interest Income and Strong Non-interest Income

First Quarter Performance Highlights Net Income: Net income for the quarter ended March 31, 2024 totaled $4.1 million or $0.55 per diluted share (including Series A preferred shares), versus $3.8 mill...

8 months ago - GlobeNewsWire

Hanover Bancorp, Inc. Reports Earnings for the Fourth Calendar Quarter highlighted by Increased Net Income and Net Interest Income and Strong Non-interest Income

Fourth Calendar Quarter Performance Highlights Net Income: Net income for the quarter ended December 31, 2023 totaled $3.8 million or $0.51 per diluted share (including Series A preferred shares), ver...

11 months ago - GlobeNewsWire

Hanover Bancorp Announces Joseph Burns as its New Executive Vice President, Chief Lending Officer

MINEOLA, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, (NASDAQ: HNVR) (the “Bank”) the bank holding company for Hanover Community Bank, today announced the appointment of Mr. Joseph Burns t...

1 year ago - GlobeNewsWire

Hanover Bancorp, Inc. Reports Earnings for the Third Calendar Quarter and Fiscal Year 2023 and Declares $0.10 Quarterly Cash Dividend

Third Calendar Quarter and Fiscal Year Performance Highlights Net Income: Net income for the quarter ended September 30, 2023 totaled $3.5 million or $0.48 per diluted share (including Series A prefer...

1 year ago - GlobeNewsWire

Hanover Bancorp Approves New Share Repurchase Program

MINEOLA, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (NASDAQ: HNVR) (the “Company”), parent company of Hanover Community Bank (the “Bank”), announced that its Board of Directors has ...

1 year ago - GlobeNewsWire

Hanover Bancorp, Inc. Reports Earnings for the Third Fiscal Quarter and Declares $0.10 Quarterly Cash Dividend

Third Fiscal Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2023 totaled $3.1 million or $0.42 per diluted share (including Series A preferred shares), inclusive ...

1 year ago - GlobeNewsWire

Hanover Bank Opens Business Banking Center in Hauppauge, Long Island

MINEOLA, N.Y., May 22, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (Nasdaq: HNVR) (the "Company"), parent company of Hanover Community Bank (the “Bank”), announced today that it expanded the Compan...

1 year ago - GlobeNewsWire

Hanover Bank Announces Appointment of New President

MINEOLA, N.Y., April 27, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc., (NASDAQ: HNVR) the holding company for Hanover Community Bank, today announced that effective immediately McClelland (Mac) Wilc...

1 year ago - GlobeNewsWire

Hanover Bancorp, Inc. Reports Earnings for the Second Fiscal Quarter and Declares $0.10 Quarterly Cash Dividend

Second Fiscal Quarter Performance Highlights Net Income: Net income for the quarter ended March 31, 2023 totaled $3.2 million or $0.43 per diluted share (including Series A preferred shares). Adjusted...

1 year ago - GlobeNewsWire

Hanover Bancorp, Inc. Reports Earnings for the Third Calendar Quarter and Fiscal Year 2022 and Declares $0.10 Quarterly Cash Dividend

Third Calendar Quarter and Fiscal Year Performance Highlights

2 years ago - GlobeNewsWire

Hanover Bancorp Announces Inclusion in Prestigious Piper Sandler Sm-All Star Class of 2022

MINEOLA, N.Y., Sept. 23, 2022 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (Nasdaq: HNVR) (the "Company"), parent company of Hanover Community Bank, is thrilled to announce that they have been included i...

2 years ago - GlobeNewsWire

Hanover Bank to Open Suffolk County, Long Island Location

MINEOLA, N.Y., July 25, 2022 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (Nasdaq: HNVR) (the "Company"), parent company of Hanover Community Bank (the “Bank”), announced today that it is once again expa...

2 years ago - GlobeNewsWire

Hanover Bancorp, Inc. Announces Closing on Overallotment Option and Issuance of 191,250 Shares of Common Stock

MINEOLA, N.Y., June 06, 2022 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (Nasdaq: HNVR) (the "Company"), parent company of Hanover Community Bank, today announced that the underwriters for its recently ...

2 years ago - GlobeNewsWire

Hanover Bancorp, Inc. Announces $0.10 Per Share Quarterly Cash Dividend

MINEOLA, N.Y., June 01, 2022 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (NASDAQ “HNVR”), the holding company for Hanover Community Bank (“the Bank”), today announced that its Board of Directors had dec...

2 years ago - GlobeNewsWire

Hanover Bancorp Stock Made Its Trading Debut. What Investors Need to Know.

Hanover Bancorp, the parent company of Hanover Community Bank, made its trading debut as a public company.

2 years ago - Barrons