Hanover Bancorp Inc (HNVR) AI Stock Analysis

• Market Cap: $166.31M
• Dividend Yield: 1.74%
• Average Volume (3M): 14.84K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 0.60
• Revenue Growth: 8.34%
• EPS Growth: -2.33%
• Country: US
• Employees: 176
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.33
• Shares Outstanding: 7,215,194
• 10 Day Avg. Volume: 18,388
• 30 Day Avg. Volume: 14,842
• PEG Ratio: -0.72
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 37.06
• Enterprise Value/Market Cap: 1.83
• Enterprise Value/Revenue: 2.04
• Enterprise Value/Gross Profit: 4.67
• Enterprise Value/Ebitda: 29.04
• 1Y Price Target: $22.50
• Price Target Upside: -2.39% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ―

Hanover Bancorp Inc's stock reflects strong financial performance with solid revenue growth and operational efficiency. However, challenges such as declining net profit margins and free cash flow alongside moderate leverage warrant caution. Technical indicators show mixed momentum, while valuation metrics suggest moderate attractiveness. The lack of significant insights from the earnings call leaves the stock's future direction uncertain, resulting in a balanced overall score.

Hanover Bancorp Inc Business Overview & Revenue Model

Company Description

Hanover Bancorp Inc (HNVR) is a financial services company operating primarily in the banking sector. The company offers a range of commercial and personal banking products and services, including loans, deposits, and cash management solutions. Hanover Bancorp aims to serve the financial needs of individuals, small to medium-sized businesses, and institutional clients through its network of branches and digital platforms.

How the Company Makes Money

Hanover Bancorp Inc generates revenue primarily through the interest income accrued from its lending activities. The company offers various loan products such as commercial loans, residential mortgages, and consumer loans, earning interest over the duration of these loans. Additionally, Hanover Bancorp collects non-interest income through fees and charges related to its banking services, including account maintenance fees, transaction fees, and other service charges. The company also benefits from strategic partnerships and alliances that enhance its service offerings and customer reach, further contributing to its earnings. Asset management and advisory services may also play a role in diversifying its revenue streams.

Hanover Bancorp Inc Financial Statement Overview

Summary

Hanover Bancorp Inc demonstrates solid revenue growth and operational efficiency, but faces challenges in maintaining net profit margins and free cash flow. The balance sheet indicates moderate leverage with stable equity returns, necessitating careful monitoring of debt levels. Overall, the company is on a positive trajectory but should focus on enhancing profitability and cash flow.

Income Statement

Hanover Bancorp Inc shows strong revenue growth with a significant increase from the previous year. The Gross Profit Margin remains high at 80.23% for TTM, indicating effective cost management. However, the Net Profit Margin decreased to 9.80% in TTM, showing potential pressure on profitability. The EBIT and EBITDA margins are stable, suggesting operational efficiency.

Balance Sheet

The debt-to-equity ratio is 0.83, reflecting moderate leverage. Return on Equity is healthy at 6.35% for TTM, indicating efficient use of equity. The equity ratio is 8.26%, showing a relatively low equity cushion. The company maintains a stable asset base but should monitor its debt levels closely.

Cash Flow

Operating Cash Flow to Net Income ratio is strong at 0.71, suggesting good cash conversion. However, Free Cash Flow has declined, with a negative growth rate indicating potential future liquidity issues. The company should focus on improving free cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	148.92M	148.36M	112.92M	77.30M	52.02M	41.50M
Gross Profit	65.04M	63.49M	59.91M	65.68M	44.06M	27.24M
EBITDA	10.46M	209.00K	0.00	32.24M	0.00	6.58M
Net Income	9.81M	12.35M	15.16M	23.56M	10.85M	4.97M
Balance Sheet
Total Assets	2.29B	2.31B	2.15B	1.84B	1.48B	851.61M
Cash, Cash Equivalents and Short-Term Investments	160.23M	195.00M	192.62M	162.23M	159.00M	86.24M
Total Debt	141.65M	141.52M	215.37M	126.32M	184.16M	100.14M
Total Liabilities	2.09B	2.12B	1.96B	1.67B	1.36B	773.56M
Stockholders Equity	196.64M	196.64M	185.91M	172.58M	122.53M	78.04M
Cash Flow
Free Cash Flow	7.29M	4.61M	12.99M	23.93M	11.11M	-527.00K
Operating Cash Flow	6.42M	5.90M	16.40M	25.05M	13.19M	566.00K
Investing Cash Flow	43.41M	-45.82M	-256.36M	-374.15M	89.85M	-7.29M
Financing Cash Flow	-26.07M	25.57M	282.64M	332.50M	-16.71M	-898.00K

Hanover Bancorp Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HNVR, the sentiment is Positive. The current price of 23.05 is above the 20-day moving average (MA) of 22.75, above the 50-day MA of 22.10, and above the 200-day MA of 22.65, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 58.89 is Neutral, neither overbought nor oversold. The STOCH value of 49.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HNVR.

Hanover Bancorp Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TCBK	76 Outperform	$1.46B	13.26	9.41%	3.01%	1.15%	-0.39%
BRKL	74 Outperform	$975.70M	12.44	5.62%	4.93%	2.23%	2.59%
OCFC	72 Outperform	$1.03B	12.72	5.33%	4.46%	-0.91%	-14.86%
HNVR	66 Neutral	$166.31M	15.22	5.69%	1.74%	8.34%	-2.33%
DNB	63 Neutral	$4.08B	-103.39	-1.16%	2.19%	1.97%	-14.06%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%