Hanover Bancorp, Inc. (HNVR)

NASDAQ: HNVR · IEX Real-Time Price · USD
16.50
-0.03 (-0.18%)
Mar 1, 2024, 4:30 PM EST - Market closed
-0.18%
Market Cap 119.29M
Revenue (ttm) 60.45M
Net Income (ttm) 13.59M
Shares Out 7.20M
EPS (ttm) 1.84
PE Ratio 8.97
Forward PE 8.60
Dividend $0.40 (2.42%)
Ex-Dividend Date Feb 6, 2024
Volume 8,080
Open 16.52
Previous Close 16.53
Day's Range 16.37 - 16.64
52-Week Range 16.37 - 19.91
Beta n/a
Analysts Buy
Price Target 21.00 (+27.27%)
Earnings Date Apr 25, 2024

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, HNVR's revenue was $59.91 million, a decrease of -8.78% compared to the previous year's $65.68 million. Earnings were $15.16 million, a decrease of -35.63%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for HNVR stock is "Buy" and the 12-month stock price forecast is $21.0.

Price Target
$21.0
(27.27% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

5 weeks 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...

3 months 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...

4 months 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 ...

5 months 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 ...

7 months 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...

10 months 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...

11 months 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...

11 months 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...

1 year 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...

1 year 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 ...

1 year 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...

1 year 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.

1 year ago - Barrons