
Hanover Bancorp, Inc. (HNVR) Market Cap
Hanover Bancorp, Inc. has a market capitalization of $160.5M.
Financials based on reported quarter end 2025-12-31
Price: $22.32
โผ -0.26 (-1.15%)
Market Cap: 160.53M
NASDAQ ยท time unavailable
CEO: Michael Puorro
Sector: Financial Services
Industry: Banks - Regional
IPO Date: 2022-05-11
Website: https://www.hanoverbank.com
Hanover Bancorp, Inc. (HNVR) - Company Information
Market Cap: 160.53M ยท Sector: Financial Services
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 deposits 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. It operates branch offices located in Manhattan, Brooklyn, Queens, and Nassau County, New York; and administrative office in Suffolk County, New York. The company was founded in 2008 and is headquartered in Mineola, New York.
Analyst Sentiment
Based on 2 ratings
Analyst 1Y Forecast: $26.75
Average target (based on 1 sources)
Consensus Price Target
Low
$27
Median
$27
High
$27
Average
$27
Potential Upside: 18.7%
Price & Moving Averages
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Fundamentals Overview
๐ AI Financial Analysis
Powered by StockMarketInfo"HNVR reported a revenue of $35.36M with a net income of $33k, resulting in an EPS of $0.0044. The company is characterized by significant assets totaling $2.38B and liabilities of $2.18B, leading to total equity of $200.27M. However, there is no operating cash flow or free cash flow, indicating potential challenges in liquidity. HNVR has maintained a positive net debt position of $-83.44M, reflecting a cash surplus relative to its debt. Although HNVR has been consistent in paying dividends, recent market performance indicates a decline with a 1-year price change of -4.59%. The current stock price stands at $21.61, below its target consensus price of $26.5. These factors collectively suggest that while HNVR has a solid balance sheet, performance metrics reflect low profitability and growth, raising concerns about future shareholder returns."
Revenue Growth
Minimal revenue growth observed; total revenue is $35.36M.
Profitability
Net income of $33k reflects low profitability.
Cash Flow Quality
Lack of operating and free cash flow raises concerns.
Leverage & Balance Sheet
Strong balance sheet with positive net debt.
Shareholder Returns
1-year price change of -4.59%; dividends paid are minimal.
Analyst Sentiment & Valuation
Current price undervalued compared to target price.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.