Hanover Bancorp, Inc.

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

โ–ผ -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

67%
Buy

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

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๐Ÿ“Š AI Financial Analysis

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Earnings Data: Q Ending 2025-12-31

"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

Neutral

Minimal revenue growth observed; total revenue is $35.36M.

Profitability

Neutral

Net income of $33k reflects low profitability.

Cash Flow Quality

Neutral

Lack of operating and free cash flow raises concerns.

Leverage & Balance Sheet

Positive

Strong balance sheet with positive net debt.

Shareholder Returns

Neutral

1-year price change of -4.59%; dividends paid are minimal.

Analyst Sentiment & Valuation

Fair

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.

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SEC Filings (HNVR)

ยฉ 2026 Stock Market Info โ€” Hanover Bancorp, Inc. (HNVR) Financial Profile