Hanover Bancorp, Inc. (HNVR)
| Market Cap | 168.00M |
| Revenue (ttm) | 65.04M |
| Net Income (ttm) | 9.51M |
| Shares Out | 7.23M |
| EPS (ttm) | 1.31 |
| PE Ratio | 17.74 |
| Forward PE | 9.24 |
| Dividend | $0.40 (1.72%) |
| Ex-Dividend Date | May 7, 2025 |
| Volume | 6,437 |
| Open | 23.74 |
| Previous Close | 23.15 |
| Day's Range | 23.24 - 23.74 |
| 52-Week Range | 15.92 - 27.14 |
| Beta | 0.07 |
| Analysts | Buy |
| Price Target | 22.00 (-5.34%) |
| Earnings Date | Jul 23, 2025 |
About HNVR
Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit. It also provides residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business,... [Read more]
Financial Performance
In 2024, Hanover Bancorp's revenue was $63.49 million, an increase of 5.04% compared to the previous year's $60.45 million. Earnings were $11.96 million, a decrease of -8.80%.
Financial StatementsAnalyst Summary
According to one analyst, the rating for HNVR stock is "Buy" and the 12-month stock price target is $22.0.
News
Hanover Bank Opens Tenth Branch in Port Jefferson, Long Island Enhancing Banking Services to Suffolk County
PORT JEFFERSON, N.Y., June 25, 2025 (GLOBE NEWSWIRE) -- Hanover Community Bank (“Hanover Bank”), the bank subsidiary of Hanover Bancorp (Nasdaq “HNVR”), is excited to announce the opening of its tenth...
Top 3 Financial Stocks That May Plunge In May
As of May 7, 2025, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Hanover Bancorp, Inc. Reports First Quarter 2025 Results Highlighted by Accelerated Margin Expansion, Improved Credit Quality Metrics & Successful Core Banking System Conversion
First Quarter Performance Highlights Net Income: Net income for the quarter ended March 31, 2025 totaled $1.5 million or $0.20 per diluted share (including Series A preferred shares). Adjusted (non-GA...
Hanover Bank Announces Core Banking System Conversion to Drive Digital Growth
MINEOLA, N.Y., April 22, 2025 (GLOBE NEWSWIRE) -- Hanover Bank, the bank subsidiary of Hanover Bancorp (Nasdaq “HNVR”), is excited to announce its conversion to a new core banking system, a significan...
Hanover Bank Unveils a Refreshed Logo to Reflect Commitment to Innovation and Growth
MINEOLA, N.Y., April 08, 2025 (GLOBE NEWSWIRE) -- Hanover Bank, the bank subsidiary of Hanover Bancorp (Nasdaq “HNVR”) is excited to unveil its new logo, a brand identity refresh that embodies our con...
Hanover Bancorp, Inc. Reports 2024 Full Year And Fourth Quarter Results Highlighted by Fourth Quarter Robust Margin Expansion and Record Non-interest Income
Fourth Quarter Performance Highlights Net Income: Net income for the quarter ended December 31, 2024 totaled $3.9 million or $0.52 per diluted share (including Series A preferred shares). Record Non-i...
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...
Hanover Bank Hosts Celebration to Thank Community
MINEOLA, N.Y., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Michael P.
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...
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...
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...
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...
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...
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...
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 ...
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 ...
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...
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...
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...
Hanover Bancorp, Inc. Reports Earnings for the Fourth Calendar Quarter, Strong Net Loan Growth and Declares $0.10 Quarterly Cash Dividend
Fourth Calendar Quarter Performance Highlights
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
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...
Hanover Bancorp, Inc. Reports Third Fiscal Quarter Net Income of $5.3 million, Announces New Jersey Expansion and Plans for Long Island Expansion and Declares $0.10 Quarterly Cash Dividend
Third Fiscal Quarter Highlights
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...
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 ...