Hanover Bancorp Inc (HNVR) has disclosed a new risk, in the Accounting & Financial Operations category.
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Hanover Bancorp Inc. faces a material risk because it depends heavily on dividends from its bank subsidiary to fund common stock dividends and service its debt. If regulatory limits or bank performance constrain those upstream dividends, the holding company may be unable to meet obligations or sustain its current shareholder payout levels.
Overall, Wall Street has a Moderate Buy consensus rating on HNVR stock based on 1 Buy and 1 Hold.
To learn more about Hanover Bancorp Inc’s risk factors, click here.