HNVR - Hanover Bancorp, Inc. Stock Price, Fair Value and News

16.55USD+0.05 (+0.30%)Delayed as of 17 May 2024, 11:54 am ET

Market Summary

USD16.55+0.05

Delayedas of 17 May 2024, 11:54 am

0.30%

HNVR Alerts

1 major insider buys recently.

HNVR Stock Price

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HNVR RSI Chart

HNVR Valuation

Market Cap

119.6M

Price/Earnings (Trailing)

8.28

Price/Sales (Trailing)

0.99

EV/EBITDA

-0.23

Price/Free Cashflow

8.18

HNVR Price/Sales (Trailing)

HNVR Profitability

EBT Margin

16.16%

Return on Equity

7.62%

Return on Assets

0.63%

Free Cashflow Yield

12.23%

HNVR Fundamentals

HNVR Revenue

Revenue (TTM)

121.0M

Rev. Growth (Yr)

29.42%

Rev. Growth (Qtr)

4.1%

HNVR Earnings

Earnings (TTM)

14.4M

Earnings Growth (Yr)

26.55%

Earnings Growth (Qtr)

7.92%

Breaking Down HNVR Revenue

52 Week Range

16.60

(Low)(High)

Last 7 days

2.5%

Last 30 days

20.3%

Last 90 days

-6.2%

How does HNVR drawdown profile look like?

HNVR Financial Health

HNVR Investor Care

Dividend Yield

0.61%

Dividend/Share (TTM)

0.1

Shares Dilution (1Y)

0.95%

Diluted EPS (TTM)

1.96

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	121.0M	0	0	0
2023	83.5M	95.7M	105.0M	113.6M
2022	62.4M	66.6M	68.4M	74.4M
2021	44.4M	46.5M	48.7M	55.8M
2020	0	0	40.1M	42.3M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Hanover Bancorp, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 03, 2024	burke lance p	bought	2,906	16.61	175	evp & chief financial officer
May 02, 2024	burke lance p	bought	3,314	16.57	200	evp & chief financial officer
May 01, 2024	burke lance p	bought	3,334	16.67	200	evp & chief financial officer
Apr 30, 2024	puorro michael p	bought	8,300	16.6	500	chairman & ceo
Apr 30, 2024	burke lance p	bought	3,320	16.6	200	evp & chief financial officer
Apr 30, 2024	wilcox mcclelland w	bought	4,150	16.6	250	president
Apr 24, 2024	burke lance p	bought	3,356	16.78	200	evp & chief financial officer
Apr 24, 2024	puorro michael p	bought	3,356	16.78	200	chairman & ceo
Apr 24, 2024	vivona john p	bought	3,357	16.7868	200	fsvp & chief risk officer

Which funds bought or sold HNVR recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	STEPHENS INC /AR/	sold off	-100	-198,621	-	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-99.87	-53,373	59.00	-%
May 15, 2024	Tower Research Capital LLC (TRC)	new	-	20,140	20,140	-%
May 15, 2024	683 Capital Management, LLC	sold off	-100	-215,861	-	-%
May 15, 2024	Royal Bank of Canada	reduced	-65.25	-1,000	1,000	-%
May 14, 2024	Fourthstone LLC	new	-	538,766	538,766	0.17%
May 14, 2024	Qube Research & Technologies Ltd	reduced	-10.31	-62,767	191,919	-%
May 14, 2024	Teton Advisors, Inc.	unchanged	-	-42,300	222,300	0.08%
May 14, 2024	GABELLI FUNDS LLC	unchanged	-	-70,500	370,500	-%
May 14, 2024	ALLIANCEBERNSTEIN L.P.	added	10.11	-644,740	7,956,210	-%

Are Funds Buying or Selling HNVR?

Are funds buying HNVR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HNVR

No. of Funds

HNVR Alerts

1 major insider buys recently.

Unveiling Hanover Bancorp, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	6.6%	487,582	SC 13G/A
Feb 10, 2023	aurum holdings inc	6.2%	443,481	SC 13G

Recent SEC filings of Hanover Bancorp, Inc.

View All Filings

Date Filed	Form Type	Document
May 14, 2024	10-Q	Quarterly Report
May 06, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	8-K	Current Report
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading

Peers (Alternatives to Hanover Bancorp, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	581.4B	174.7B	11.99%	46.24%	11.55	3.33	53.11%	19.83%
BAC	306.7B	137.9B	13.09%	37.28%	12.25	2.22	56.12%	-12.56%
WFC	212.8B	85.8B	8.19%	50.84%	11.34	2.48	35.02%	26.14%
C	122.4B	125.0B	12.50%	36.26%	15.31	0.98	37.85%	-
CFG	16.6B	10.4B	12.65%	38.40%	11.61	1.6	26.22%	-33.87%
KEY	14.4B	8.1B	7.74%	50.49%	16.53	1.78	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	8.99%	43.16%	10.4	1.7	34.68%	-45.96%
ZION	6.6B	4.1B	13.27%	70.96%	10.5	1.62	32.93%	-30.73%
ABCB	3.5B	1.3B	12.98%	57.40%	12.27	2.64	30.60%	-12.99%
ASB	3.3B	2.0B	11.41%	42.76%	20.79	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	415.3M	173.1M	13.52%	27.11%	14.24	2.4	26.54%	-34.86%
ALRS	390.4M	152.4M	-1.25%	34.56%	39.27	2.56	16.94%	-73.84%
ACNB	289.6M	98.7M	3.86%	15.94%	9.84	2.93	6.27%	-22.90%
ASRV	47.2M	62.5M	11.11%	-5.26%	-15.95	0.75	18.83%	-145.18%

Hanover Bancorp, Inc. News

Latest updates

Hanover Bancorp, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1
Revenue	4.1%	32.00	31.00	29.00	28.00	25.00	23.00	20.00	16.00	16.00	17.00	18.00	12.00	9.00	9.00	10.00	10.00	10.00
EBITDA Margin	-5.6%	0.60*	0.63*	0.73*	0.88*	1.05*	1.23*	1.37*	1.43*	1.34*	1.29*	1.18*	0.75*	0.78*	0.82*	-	-	-
Interest Expenses	2.2%	13.00	13.00	12.00	14.00	14.00	15.00	16.00	15.00	15.00	15.00	16.00	10.00	8.00	7.00	-	7.00	7.00
Income Taxes	5.2%	1.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00	2.00	2.00	0.00	1.00	0.00	-	0.00	0.00
Earnings Before Taxes	7.2%	5.00	5.00	5.00	4.00	4.00	7.00	8.00	7.00	8.00	8.00	9.00	0.00	3.00	2.00	-	2.00	0.00
EBT Margin	0.2%	0.16*	0.16*	0.19*	0.24*	0.31*	0.39*	0.45*	0.48*	0.41*	0.37*	0.29*	0.13*	0.14*	0.15*	-	-	-
Net Income	7.9%	4.00	4.00	4.00	3.00	3.00	5.00	6.00	5.00	6.00	7.00	7.00	0.00	2.00	2.00	-	1.00	0.00
Net Income Margin	-0.2%	0.12*	0.12*	0.14*	0.18*	0.24*	0.30*	0.34*	0.37*	0.32*	0.28*	0.22*	0.11*	0.11*	0.12*	-	-	-
Free Cashflow	-12.5%	3.00	4.00	1.00	7.00	0.00	5.00	8.00	7.00	3.00	6.00	5.00	4.00	2.00	-0.67	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet														(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q3
Assets	1.6%	2,308	2,270	2,150	2,122	2,072	1,984	1,840	1,610	1,477	1,458	1,485	1,541	890	852
Cash Equivalents	-23.0%	136	177	193	212	204	152	150	134	127	115	167	171	78.00	80.00
Net PPE	-1.5%	16.00	16.00	16.00	16.00	16.00	15.00	14.00	15.00	15.00	15.00	15.00	15.00	14.00	14.00
Goodwill	0%	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	18.00	2.00	2.00
Liabilities	1.6%	2,118	2,085	1,964	1,939	1,891	1,806	1,667	1,442	1,342	1,329	1,362	1,426	808	774
Short Term Borrowings	15.5%	149	129	180	294	137	238	102	57.00	76.00	113	160	229	56.00	85.00
Shareholder's Equity	2.5%	190	185	186	183	181	178	173	167	135	129	123	115	82.00	78.00
Retained Earnings	5.7%	62.00	59.00	59.00	56.00	54.00	51.00	46.00	41.00	37.00	32.00	25.00	18.00	18.00	14.00
Additional Paid-In Capital	0.2%	126	126	126	125	125	124	127	126	98.00	98.00	97.00	97.00	64.00	64.00
Shares Outstanding	0.7%	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	6.00	6.00	6.00	6.00	4.00	4.00
Float	-	-	-	-	-	102	-	-	-	84.00	-	-	-	69.00	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1
Cashflow From Operations	-12.6%	3,595	4,114	906	8,000	1,420	6,075	7,831	7,502	3,247	6,501	6,209	4,492	2,648	-157	-	-	-
Share Based Compensation	5.8%	381	360	237	401	794	439	441	564	462	217	232	224	216	229	-	-	-
Cashflow From Investing	44.5%	-76,177	-137,356	-46,607	-43,445	-36,948	-129,360	-214,738	-128,348	-6,852	-24,208	52,696	76,580	-35,325	-4,101	-	-	-
Cashflow From Financing	-73.0%	31,856	117,825	26,792	42,623	87,585	125,636	222,880	127,680	15,794	-33,886	-63,295	12,333	11,818	22,437	-	-	-
Dividend Payments	0.8%	737	731	733	733	734	729	720	734	-	-	-	-	-	-	-	-	-

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HNVR Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

INTEREST INCOME

Loans

$ 29,737

$ 23,941

Taxable securities

1,457

198

Other interest income

1,238

921

Total interest income

32,432

25,060

INTEREST EXPENSE

Savings, NOW and money market deposits

12,933

7,792

Time deposits

4,962

2,383

Borrowings

1,602

961

Total interest expense

19,497

11,136

Net interest income

12,935

13,924

Provision for credit losses

^[1]

300

932

Net interest income after provision for credit losses

12,635

12,992

NON-INTEREST INCOME

Total non-interest income

3,576

1,756

NON-INTEREST EXPENSE

Salaries and employee benefits

5,562

5,564

Occupancy and equipment

1,770

1,537

Data processing

518

441

Professional fees

818

881

Federal deposit insurance premiums

318

358

Other expenses

1,818

1,786

Total non-interest expense

10,804

10,567

Income before income tax expense

5,407

4,181

Income tax expense

1,346

972

NET INCOME

$ 4,061

$ 3,209

Earnings per share:

BASIC (in dollars per share)

$ 0.55

$ 0.44

DILUTED (in dollars per share)

$ 0.55

$ 0.43

Loan servicing and fee income

NON-INTEREST INCOME

Revenue from contracts with customers, not included within the scope of ASC 606

$ 913

$ 539

Service charges on deposit accounts

NON-INTEREST INCOME

Revenue from contracts with customers, not included within the scope of ASC 606

Gain on sale of loans held-for-sale

NON-INTEREST INCOME

Revenue from contracts with customers, not included within the scope of ASC 606

2,506

995

Other income

NON-INTEREST INCOME

Revenue from contracts with customers, not included within the scope of ASC 606

$ 61

$ 155

[1]	Commencing on October 1, 2023 the allowance calculation is based on the current expected credit loss methodology. Prior to October 1, 2023 the calculation was based on the the incurred loss methodology. Refer to Note 1 for further discussion.

About Hanover Bancorp, Inc.

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 in the New York metro area. The company offers checking, savings, money market, NOW, and individual retirement accounts, as well as certificates of deposit and time deposits; cards; and 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, bridge, and other personal purpose loans. The company also offers cash management, online and mobile banking, merchant, professional, and digital solutions. Its banking offices are located in Kings, Nassau, and Queens Counties in New York and in Monmouth County in New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.

CEO	Mr. Michael P. Puorro CPA
WEBSITE	hanoverbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	162

Hanover Bancorp, Inc. Frequently Asked Questions

What is the ticker symbol for Hanover Bancorp, Inc.? What does HNVR stand for in stocks?

HNVR is the stock ticker symbol of Hanover Bancorp, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Hanover Bancorp, Inc. (HNVR)?

As of Thu May 16 2024, market cap of Hanover Bancorp, Inc. is 119.62 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HNVR stock?

You can check HNVR's fair value in chart for subscribers.

What is the fair value of HNVR stock?

You can check HNVR's fair value in chart for subscribers. The fair value of Hanover Bancorp, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Hanover Bancorp, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HNVR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Hanover Bancorp, Inc. a good stock to buy?

The fair value guage provides a quick view whether HNVR is over valued or under valued. Whether Hanover Bancorp, Inc. is cheap or expensive depends on the assumptions which impact Hanover Bancorp, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HNVR.

What is Hanover Bancorp, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, HNVR's PE ratio (Price to Earnings) is 8.28 and Price to Sales (PS) ratio is 0.99. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HNVR PE ratio will change depending on the future growth rate expectations of investors.