Hanover Bancorp Inc (HNVR)
NASDAQ:HNVR
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Hanover Bancorp Inc
(NASDAQ:HNVR)
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Rating:49Neutral
Price Target:
$20.50
▼(-3.71% Downside)
Action:ReiteratedDate:03/14/26
The score is held down primarily by weakening profitability/ROE and a clear technical downtrend with negative momentum. Valuation is not especially compelling for the recent earnings pressure, while improving leverage and better 2025 cash flow quality provide partial offset.
Positive Factors
Improved leverage and equity base
Lower debt-to-equity (~0.63x) and steady equity growth create a more conservative capital structure that improves regulatory resilience and loss-absorption capacity. This durable shift supports prudent lending, capital deployment and steadier access to funding over the medium term.
Negative Factors
Weak profitability and low ROE
Material margin compression and ROE near 3.7% indicate diminished capital efficiency and reduced ability to generate shareholder returns from core banking activities. Persistently low profitability will constrain retained earnings, limit reinvestment and make capital targets harder to meet.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and equity base
Lower debt-to-equity (~0.63x) and steady equity growth create a more conservative capital structure that improves regulatory resilience and loss-absorption capacity. This durable shift supports prudent lending, capital deployment and steadier access to funding over the medium term.
Read all positive factors
Hanover Bancorp Inc (HNVR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$152.69M
Dividend Yield1.7%
Average Volume (3M)13.02K
Price to Earnings (P/E)23.1
Beta (1Y)0.68
Revenue Growth0.99%
EPS Growth-6.35%
CountryUS
Employees176
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.00
Shares Outstanding7,172,128
10 Day Avg. Volume10,333
30 Day Avg. Volume13,023
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)0.86
Price to Sales (P/S)1.20
P/FCF Ratio13.23
Enterprise Value/Market Cap0.46
Enterprise Value/Revenue0.49
Enterprise Value/Gross Profit1.11
Enterprise Value/Ebitda5.34
Forecast
1Y Price Target
$24.75Price Target Upside16.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.54
Revenue Forecast (FY)$83.60M
Hanover Bancorp Inc Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
Hanover Bancorp primarily makes money through its banking subsidiary by (1) earning net interest income and (2) generating non-interest income. Net interest income is the largest driver for most community banks and is generated from the spread bet...
Hanover Bancorp Inc Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Sep 2023 | Sep 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 143.32M | 148.36M | 113.89M | 77.30M | 52.02M |
| Gross Profit | 62.94M | 63.49M | 59.91M | 65.68M | 44.06M |
| EBITDA | 9.95M | 20.25M | 23.68M | 32.24M | 15.53M |
| Net Income | 7.49M | 12.35M | 15.16M | 23.56M | 10.85M |
Balance Sheet | |||||
| Total Assets | 2.38B | 2.31B | 2.15B | 1.84B | 1.48B |
| Cash, Cash Equivalents and Short-Term Investments | 195.34M | 195.00M | 192.62M | 162.23M | 159.00M |
| Total Debt | 125.47M | 141.52M | 215.37M | 126.32M | 184.16M |
| Total Liabilities | 2.18B | 2.12B | 1.96B | 1.67B | 1.36B |
| Stockholders Equity | 200.27M | 196.64M | 185.91M | 172.58M | 122.53M |
Cash Flow | |||||
| Free Cash Flow | 13.05M | 4.61M | 12.99M | 23.93M | 11.11M |
| Operating Cash Flow | 13.05M | 5.90M | 16.40M | 25.05M | 13.19M |
| Investing Cash Flow | -27.95M | -45.82M | -256.36M | -374.15M | 89.85M |
| Financing Cash Flow | 60.94M | 25.57M | 282.64M | 332.50M | -16.71M |
Hanover Bancorp Inc Technical Analysis
Neutral
21.29
Price Trends
22.20
Negative
22.39
Negative
22.07
Negative
Market Momentum
-0.22
Negative
51.06
Neutral
77.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HNVR, the sentiment is Neutral. The current price of 21.29 is above the 20-day moving average (MA) of 21.07, below the 50-day MA of 22.20, and below the 200-day MA of 22.07, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 51.06 is Neutral, neither overbought nor oversold. The STOCH value of 77.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HNVR.
Hanover Bancorp Inc Risk Analysis
Hanover Bancorp Inc disclosed 57 risk factors in its most recent earnings report. Hanover Bancorp Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hanover Bancorp Inc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $210.76M | 12.41 | 13.46% | 2.58% | 4.52% | 3.47% | |
72 Outperform | $167.44M | 7.96 | 5.32% | ― | 4.86% | -8.20% | |
71 Outperform | $244.55M | 7.86 | 9.70% | 3.49% | 5.89% | 82.82% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $199.09M | 12.07 | 9.58% | 2.27% | 10.35% | 22.05% | |
58 Neutral | $225.51M | 9.12 | 11.39% | 2.87% | 9.77% | 76.75% | |
49 Neutral | $152.69M | 23.06 | 5.60% | 1.70% | 0.99% | -6.35% |
* Financial Sector Average
HNVR
Hanover Bancorp Inc
21.29
-0.66
-3.00%
ATLO
Ames National
27.61
10.50
61.34%
OVBC
Ohio Valley Banc
42.26
14.77
53.73%
PEBK
Peoples Bancorp Of North Carolina
38.59
10.69
38.31%
MRBK
Meridian Bank
18.99
4.93
35.04%
BVFL
BV Financial, Inc.
18.81
3.25
20.93%
Hanover Bancorp Inc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Hanover Bancorp Completes $35 Million Subordinated Notes Offering
Positive
Mar 12, 2026
On March 12, 2026, Hanover Bancorp, Inc. completed a $35 million private placement of fixed-to-floating rate subordinated notes due 2036, issued at par to qualified institutional buyers and accredited investors. The notes carry a 7.25% fixed coupo...
Business Operations and StrategyExecutive/Board Changes
Hanover Bancorp Restructures Leadership, CEO Assumes Presidency
Neutral
Feb 19, 2026
On February 12, 2026, Hanover Bancorp, Inc. announced that President McClelland “Mac” Wilcox will depart the company and its Hanover Community Bank subsidiary as part of a management restructuring initiative, with his last day schedule...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.