Symbols / HNVR Stock $22.37 +0.27% Hanover Bancorp, Inc.

Financial Services • Banks - Regional • United States • NMS
HNVR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

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. It offers a full-service bank providing personal and business lending and deposit services. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit. It also provides 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. In addition, the company offers cards, cash management, and online and mobile banking services, as well as merchant, professional, and digital solutions. It operates banking offices in Kings, Nassau, Suffolk, New York, and Queens counties, New York; and Monmouth County, New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.

Stock Fundamentals
Scroll to Statements
Market Cap 160.44M Enterprise Value 93.24M Income 7.29M Sales 62.94M Book/sh 27.36 Cash/sh 29.13
Dividend Yield 1.79% Payout 40.00% Employees 194 IPO — P/E 22.37 Forward P/E 7.92
PEG — P/S 2.55 P/B 0.82 P/C — EV/EBITDA — EV/Sales 1.48
Quick Ratio — Current Ratio — Debt/Eq — LT Debt/Eq — EPS (ttm) 1.00 EPS next Y 2.83
EPS Growth — Revenue Growth -29.00% Earnings 2026-04-28 ROA 0.32% ROE 3.77% ROIC —
Gross Margin 0.00% Oper. Margin 29.36% Profit Margin 11.90% Shs Outstand 7.17M Shs Float 3.92M Short Float 1.32%
Short Ratio 8.27 Short Interest — 52W High 24.36 52W Low 19.91 Beta 0.04 Avg Volume 10.57K
Volume 7.33K Target Price $23.50 Recom None Prev Close $22.31 Price $22.37 Change 0.27%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$23.50
Mean price target
2. Current target
$22.37
Latest analyst target
3. DCF / Fair value
$15.00
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$22.37
Low
$23.00
High
$24.00
Mean
$23.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-30 main Piper Sandler Overweight → Overweight $27
2025-12-10 main Piper Sandler Overweight → Overweight $27
2025-07-29 main Stephens & Co. Equal-Weight → Equal-Weight $23
2025-07-24 main Piper Sandler Overweight → Overweight $25
2024-10-24 main Piper Sandler Overweight → Overweight $22
2024-07-25 main Piper Sandler Overweight → Overweight $20
2024-01-25 main Piper Sandler Overweight → Overweight $21
2022-06-06 init Stephens & Co. — → Overweight $26
2022-06-06 init Piper Sandler — → Overweight $26
News
RSS: Latest HNVR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-06 GOLDEN ROBERT Director — 1,200 $23.50 $28,270
2026-02-05 PUORRO MICHAEL P Chief Executive Officer — 10,945 $0.00 $0
2026-02-05 HASPEL AHRON H Director — 1,592 $0.00 $0
2026-02-05 SORRENTI JOHN R Director — 1,592 $0.00 $0
2026-02-05 KATZ MICHAEL DAVID M.D. Director — 1,592 $0.00 $0
2026-02-05 SISTI ELENA Director — 1,592 $0.00 $0
2026-02-05 GOLDEN ROBERT Director — 1,592 $0.00 $0
2026-02-05 DIIORIO LISA A Officer — 1,062 $0.00 $0
2026-02-05 OKUN PHILIP A Director — 1,592 $0.00 $0
2026-02-05 BURKE LANCE P Chief Financial Officer — 3,185 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-09-30 2022-09-30
Total Revenue
73.32
+7.14%
68.43
+8.04%
63.34
-9.68%
70.13
Operating Revenue
73.32
+7.14%
68.43
+8.04%
63.34
-9.68%
70.13
Selling General And Administration
29.27
+8.35%
27.02
+23.31%
21.91
+9.37%
20.03
Selling And Marketing Expense
—
—
—
0.35
General And Administrative Expense
29.27
+8.35%
27.02
+23.31%
21.91
+9.37%
20.03
Salaries And Wages
27.89
+8.93%
25.60
+23.96%
20.65
+5.02%
19.66
Other Gand A
—
—
—
1.63
Reconciled Depreciation
4.15
+7.24%
3.87
+10.80%
3.49
+100.23%
1.74
Total Unusual Items
—
—
0.00
+100.00%
-0.25
Total Unusual Items Excluding Goodwill
—
—
0.00
+100.00%
-0.25
Special Income Charges
—
—
0.00
+100.00%
-0.25
Restructuring And Mergern Acquisition
—
—
0.00
-100.00%
0.25
Net Income
7.49
-39.35%
12.35
-18.58%
15.16
-35.63%
23.56
Pretax Income
9.95
-39.23%
16.38
-18.86%
20.19
-33.80%
30.50
Net Interest Income
60.48
+13.91%
53.09
-2.57%
54.49
-11.04%
61.25
Interest Expense
70.00
-12.42%
79.93
+58.12%
50.55
+604.54%
7.17
Interest Income
130.48
-1.91%
133.02
+26.64%
105.04
+53.51%
68.43
Gain On Sale Of Security
0.21
+593.55%
0.03
0.00
-100.00%
0.10
Tax Provision
2.47
-38.85%
4.03
-19.71%
5.02
-27.61%
6.94
Tax Rate For Calcs
0.00
+0.61%
0.00
-1.04%
0.00
+9.13%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
+100.00%
-0.06
Net Income Including Noncontrolling Interests
7.49
-39.35%
12.35
-18.58%
15.16
-35.63%
23.56
Net Income From Continuing Operation Net Minority Interest
7.49
-39.35%
12.35
-18.58%
15.16
-35.63%
23.56
Net Income From Continuing And Discontinued Operation
7.49
-39.35%
12.35
-18.58%
15.16
-35.63%
23.56
Net Income Continuous Operations
7.49
-39.35%
12.35
-18.58%
15.16
-35.63%
23.56
Normalized Income
7.49
-39.35%
12.35
-18.58%
15.16
-36.15%
23.75
Net Income Common Stockholders
7.29
-39.02%
11.96
-18.09%
14.60
-35.54%
22.65
Otherunder Preferred Stock Dividend
0.19
-49.48%
0.38
-31.55%
0.56
-37.87%
0.90
Diluted EPS
—
1.66
-19.02%
2.05
-44.29%
3.68
Basic EPS
—
1.67
-19.32%
2.07
-44.65%
3.74
Basic Average Shares
—
7.40
+1.16%
7.32
+16.13%
6.30
Diluted Average Shares
—
7.43
+0.45%
7.40
+15.70%
6.40
Diluted NI Availto Com Stockholders
7.29
-39.02%
11.96
-18.09%
14.60
-35.54%
22.65
Insurance And Claims
1.39
-2.12%
1.42
+12.63%
1.26
+242.12%
0.37
Occupancy And Equipment
7.74
+7.20%
7.22
+13.57%
6.36
+12.89%
5.63
Other Non Interest Expense
12.82
+30.90%
9.79
+17.90%
8.31
+24.03%
6.70
Professional Expense And Contract Services Expense
3.15
+2.27%
3.08
-2.10%
3.15
+22.47%
2.57
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2023-09-30
Total Assets
2,383.10
+3.07%
2,312.11
+1.85%
2,270.06
+5.61%
2,149.53
Cash And Cash Equivalents
208.90
+28.27%
162.86
-7.83%
176.68
-8.03%
192.11
Cash Financial
95.79
+650.24%
12.77
+24.24%
10.28
+86.99%
5.50
Other Short Term Investments
36.93
-55.91%
83.75
+36.37%
61.42
+464.05%
10.89
Receivables
11.78
-0.58%
11.85
-0.55%
11.91
+12.03%
10.64
Accounts Receivable
11.78
-0.58%
11.85
-0.55%
11.91
+12.03%
10.64
Prepaid Assets
3.25
-3.85%
3.38
-3.60%
3.50
-0.88%
3.53
Net PPE
14.31
-6.68%
15.34
-3.46%
15.89
-1.06%
16.06
Gross PPE
25.76
+1.35%
25.42
+60.01%
15.89
-34.37%
24.21
Accumulated Depreciation
-11.45
-13.55%
-10.08
—
-8.15
Land And Improvements
1.60
+0.00%
1.60
—
1.60
Buildings And Improvements
10.57
-2.80%
10.88
—
10.87
Machinery Furniture Equipment
9.08
+4.45%
8.70
—
7.49
Construction In Progress
—
—
—
0.00
Other Properties
—
—
15.89
+55.85%
10.19
Leases
4.51
+6.10%
4.25
—
4.25
Goodwill And Other Intangible Assets
25.68
+0.98%
25.43
+5.33%
24.15
+0.72%
23.97
Goodwill
19.17
+0.00%
19.17
+0.00%
19.17
+0.00%
19.17
Other Intangible Assets
6.52
+3.99%
6.27
+25.85%
4.98
+3.60%
4.81
Investments And Advances
100.57
+14.92%
87.51
+33.69%
65.46
+336.49%
15.00
Total Liabilities Net Minority Interest
2,182.83
+3.18%
2,115.47
+1.45%
2,085.23
+6.19%
1,963.63
Payables And Accrued Expenses
1.74
+13.64%
1.53
-11.14%
1.72
-5.33%
1.82
Payables
1.74
+13.64%
1.53
-11.14%
1.72
-5.33%
1.82
Accounts Payable
1.74
+13.64%
1.53
-11.14%
1.72
-5.33%
1.82
Long Term Debt And Capital Lease Obligation
136.03
-3.88%
141.52
-13.73%
164.05
-23.83%
215.37
Long Term Debt
125.47
-5.30%
132.49
-13.73%
153.59
-24.88%
204.47
Long Term Capital Lease Obligation
10.57
+17.09%
9.03
-13.71%
10.46
-4.04%
10.90
Stockholders Equity
200.27
+1.85%
196.64
+6.39%
184.83
-0.58%
185.91
Common Stock Equity
195.22
+1.89%
191.60
+5.35%
181.87
-0.59%
182.94
Capital Stock
5.11
-0.02%
5.11
+68.47%
3.04
+0.00%
3.04
Common Stock
0.07
-1.39%
0.07
+0.00%
0.07
+0.00%
0.07
Preferred Stock
5.04
+0.00%
5.04
+70.13%
2.96
+0.00%
2.96
Share Issued
7.14
-0.23%
7.15
-0.60%
7.20
+0.34%
7.17
Ordinary Shares Number
7.14
-0.23%
7.15
-0.60%
7.20
+0.34%
7.17
Additional Paid In Capital
123.43
-1.20%
124.94
-0.60%
125.69
+0.15%
125.50
Retained Earnings
72.40
+6.59%
67.92
+16.00%
58.55
-0.24%
58.69
Gains Losses Not Affecting Retained Earnings
-0.68
+49.03%
-1.33
+45.55%
-2.45
-85.33%
-1.32
Other Equity Adjustments
-0.68
+49.03%
-1.33
+45.55%
-2.45
-85.33%
-1.32
Total Equity Gross Minority Interest
200.27
+1.85%
196.64
+6.39%
184.83
-0.58%
185.91
Total Capitalization
325.73
-1.03%
329.13
-2.74%
338.42
-13.31%
390.38
Invested Capital
320.69
-1.05%
324.09
-3.39%
335.45
-13.41%
387.41
Total Debt
136.03
-3.88%
141.52
-13.73%
164.05
-23.83%
215.37
Net Debt
—
—
—
12.36
Capital Lease Obligations
10.57
+17.09%
9.03
-13.71%
10.46
-4.04%
10.90
Net Tangible Assets
174.58
+1.97%
171.20
+6.55%
160.68
-0.77%
161.93
Tangible Book Value
169.54
+2.03%
166.16
+5.35%
157.72
-0.79%
158.97
Available For Sale Securities
62.62
+21.35%
51.61
—
—
Cash Cash Equivalents And Federal Funds Sold
208.90
+28.27%
162.86
-8.10%
177.21
-8.00%
192.62
Held To Maturity Securities
1.02
-72.94%
3.76
-7.00%
4.04
-1.63%
4.11
Preferred Stock Equity
5.04
+0.00%
5.04
+70.13%
2.96
+0.00%
2.96
Line Item Trend 2025-12-31 2024-12-31 2023-09-30 2022-09-30
Operating Cash Flow
13.05
+139.91%
5.44
-66.83%
16.40
-34.61%
25.08
Cash Flow From Continuing Operating Activities
13.05
+139.91%
5.44
-66.83%
16.40
-34.61%
25.08
Net Income From Continuing Operations
7.49
-39.35%
12.35
-18.58%
15.16
-35.63%
23.56
Depreciation Amortization Depletion
4.15
+7.24%
3.87
+10.80%
3.49
+100.23%
1.74
Depreciation
4.09
+7.54%
3.81
+11.35%
3.42
+105.65%
1.66
Amortization Cash Flow
0.05
-11.48%
0.06
-15.28%
0.07
-11.11%
0.08
Depreciation And Amortization
4.15
+7.24%
3.87
+10.80%
3.49
+100.23%
1.74
Amortization Of Intangibles
0.05
-11.48%
0.06
-15.28%
0.07
-11.11%
0.08
Other Non Cash Items
-3.77
-182.87%
-1.33
-90.96%
-0.70
-226.73%
0.55
Stock Based Compensation
1.57
-0.95%
1.59
-15.18%
1.87
+11.10%
1.68
Deferred Tax
2.00
+236.87%
0.59
-50.33%
1.20
-9.26%
1.32
Deferred Income Tax
2.00
+236.87%
0.59
-50.33%
1.20
-9.26%
1.32
Operating Gains Losses
-7.73
+29.57%
-10.97
-168.04%
-4.09
+22.01%
-5.25
Gain Loss On Investment Securities
-0.21
-593.55%
-0.03
0.00
+100.00%
-0.10
Gain Loss On Sale Of PPE
-0.17
0.00
—
—
Change In Working Capital
-2.86
+56.65%
-6.60
-105.22%
-3.22
-638.69%
0.60
Change In Receivables
0.07
+4.55%
0.07
+103.16%
-2.09
-355.81%
0.82
Changes In Account Receivables
0.07
+4.55%
0.07
+103.16%
-2.09
-355.81%
0.82
Change In Payables And Accrued Expense
0.21
+208.85%
-0.19
-121.19%
0.91
+341.60%
-0.38
Change In Payable
0.21
+208.85%
-0.19
-121.19%
0.91
+341.60%
-0.38
Change In Account Payable
0.21
+208.85%
-0.19
-121.19%
0.91
+341.60%
-0.38
Change In Other Current Assets
-1.36
+85.79%
-9.54
-439.76%
-1.77
-35260.00%
-0.01
Change In Other Current Liabilities
-1.78
-158.10%
3.07
+1262.50%
-0.26
-265.00%
0.16
Investing Cash Flow
-27.95
+38.38%
-45.36
+82.31%
-256.36
+31.48%
-374.15
Cash Flow From Continuing Investing Activities
-27.95
+38.38%
-45.36
+82.31%
-256.36
+31.48%
-374.15
Net PPE Purchase And Sale
-0.57
+55.96%
-1.29
+62.08%
-3.41
-203.65%
-1.12
Purchase Of PPE
-0.87
+32.74%
-1.29
+62.08%
-3.41
-203.65%
-1.12
Sale Of PPE
0.30
0.00
—
—
Capital Expenditure
-0.87
+32.74%
-1.29
+62.08%
-3.41
-203.65%
-1.12
Net Investment Purchase And Sale
-11.49
+46.25%
-21.38
-6175.00%
0.35
+125.71%
-1.37
Purchase Of Investment
-130.96
+78.97%
-622.63
0.00
+100.00%
-8.00
Sale Of Investment
119.46
-80.13%
601.25
+170708.24%
0.35
-94.69%
6.63
Net Business Purchase And Sale
—
—
—
0.00
Purchase Of Business
—
—
—
0.00
Net Other Investing Changes
0.09
-87.21%
0.73
+117.04%
-4.27
-66.29%
-2.57
Financing Cash Flow
60.94
+138.36%
25.57
-90.95%
282.64
-14.99%
332.47
Cash Flow From Continuing Financing Activities
60.94
+138.36%
25.57
-90.95%
282.64
-14.99%
332.47
Net Issuance Payments Of Debt
-7.08
+66.52%
-21.15
-127.06%
78.16
+235.43%
-57.71
Issuance Of Debt
0.00
-100.00%
20.00
-80.14%
100.72
0.00
Repayment Of Debt
-7.08
+82.79%
-41.15
-148.36%
-16.57
+85.30%
-112.71
Long Term Debt Issuance
0.00
-100.00%
20.00
-80.14%
100.72
0.00
Long Term Debt Payments
-7.08
+82.79%
-41.15
-148.36%
-16.57
+85.30%
-112.71
Net Long Term Debt Issuance
-7.08
+66.52%
-21.15
-125.13%
84.16
+174.67%
-112.71
Net Short Term Debt Issuance
—
0.00
+100.00%
-6.00
-110.91%
55.00
Net Common Stock Issuance
-1.83
0.00
0.00
-100.00%
27.73
Common Stock Payments
-1.83
0.00
—
—
Common Stock Dividend Paid
-3.01
-1.66%
-2.96
-1.06%
-2.93
-43.44%
-2.04
Cash Dividends Paid
-3.01
-1.66%
-2.96
-1.06%
-2.93
-43.44%
-2.04
Repurchase Of Capital Stock
-1.83
0.00
—
—
Proceeds From Stock Option Exercised
-0.47
-588.24%
-0.07
-164.15%
0.11
0.00
Net Other Financing Charges
-0.78
-293.43%
-0.20
-16.47%
-0.17
-507.14%
-0.03
Changes In Cash
46.05
+420.89%
-14.35
-133.62%
42.68
+357.14%
-16.60
Beginning Cash Position
162.86
-8.10%
177.21
+18.18%
149.95
-9.97%
166.54
End Cash Position
208.90
+28.27%
162.86
-15.45%
192.62
+28.46%
149.95
Free Cash Flow
12.18
+193.68%
4.15
-68.08%
12.99
-45.77%
23.96
Interest Paid Supplemental Data
69.79
-12.89%
80.12
+61.39%
49.65
+557.55%
7.55
Income Tax Paid Supplemental Data
2.58
-36.02%
4.03
-8.40%
4.40
-31.89%
6.47
Common Stock Issuance
—
—
0.00
-100.00%
27.73
Issuance Of Capital Stock
—
—
0.00
-100.00%
27.73
Sale Of Business
—
—
—
0.00
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