Hanover Bancorp Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Hanover Bancorp stock has a target of 22, which predicts a decrease of -7.56% from the current stock price of 23.80.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$22	$22	$22	$22
Change	-7.56%	-7.56%	-7.56%	-7.56%

* Price targets were last updated on Oct 24, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for Hanover Bancorp is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	1	1	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mark Fitzgibbon Piper Sandler	Piper Sandler	Buy Maintains $20 → $22	Buy	Maintains	$20 → $22	-7.56%	Oct 24, 2024
Mark Fitzgibbon Piper Sandler	Piper Sandler	Buy Maintains $18 → $20	Buy	Maintains	$18 → $20	-15.97%	Jul 25, 2024
Mark Fitzgibbon Piper Sandler	Piper Sandler	Buy Maintains $20 → $21	Buy	Maintains	$20 → $21	-11.76%	Jan 25, 2024
Matt Breese Stephens & Co.	Stephens & Co.	Buy Initiates $26	Buy	Initiates	$26	+7.14%	Jun 6, 2022
Mark Fitzgibbon Piper Sandler	Piper Sandler	Buy Initiates $26	Buy	Initiates	$26	+9.24%	Jun 6, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

61.97M

from 63.49M

-2.40%

from 63.49M

Revenue Next Year

71.76M

from 61.97M

15.80%

from 61.97M

EPS This Year

2.33

from 1.66

40.40%

from 1.66

EPS Next Year

3.14

from 2.33

34.57%

from 2.33

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	44.06M	65.68M	58.93M	60.45M	63.49M	61.97M	71.76M
Revenue Growth	61.76%	49.07%	-10.27%	2.57%	5.04%	-2.40%	15.80%
EPS	2.28	3.68	2.05	1.84	1.66	2.33	3.14
EPS Growth	93.22%	61.40%	-44.29%	-10.24%	-9.79%	40.40%	34.57%
Forward PE	-	-	-	-	-	10.21	7.59
No. Analysts	-	-	-	-	-	4	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	66.6M	78.6M
Avg	62.0M	71.8M
Low	56.9M	64.5M

Revenue Growth

Revenue Growth	2025	2026
High	4.8%	26.9%
Avg	-2.4%	15.8%
Low	-10.3%	4.1%

EPS Forecast

EPS	2025	2026
High	2.43	3.40
Avg	2.33	3.14
Low	2.21	2.85

EPS Growth

EPS Growth	2025	2026
High	46.1%	46.0%
Avg	40.4%	34.6%
Low	33.4%	22.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.