Kevin Corbett - Hanover Bancorp Executive Officer

HNVR Stock  USD 23.74  1.73  6.79%   

Executive

Kevin Corbett is Executive Officer of Hanover Bancorp
Age 64
Address 80 East Jericho Turnpike, Mineola, NY, United States, 11501
Phone516 548 8500
Webhttps://www.hanoverbank.com

Hanover Bancorp Management Efficiency

As of 12/22/2024, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.01. At this time, Hanover Bancorp's Other Current Assets are relatively stable compared to the past year. As of 12/22/2024, Total Current Assets is likely to grow to about 486.6 M, though Other Assets are likely to grow to (178.3 M). Hanover Bancorp's management efficiency ratios could be used to measure how well Hanover Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.
Hanover Bancorp currently holds 215.37 M in liabilities. Note, when we think about Hanover Bancorp's use of debt, we should always consider it together with its cash and equity.

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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 was founded in 2008 and is headquartered in Mineola, New York. Hanover Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 136 people. Hanover Bancorp (HNVR) is traded on NASDAQ Exchange in USA. It is located in 80 East Jericho Turnpike, Mineola, NY, United States, 11501 and employs 15 people. Hanover Bancorp is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Hanover Bancorp Leadership Team

Elected by the shareholders, the Hanover Bancorp's board of directors comprises two types of representatives: Hanover Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hanover. The board's role is to monitor Hanover Bancorp's management team and ensure that shareholders' interests are well served. Hanover Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hanover Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Raffaella Palazzo, COO President
McClelland Wilcox, President Officer
Michael Locorriere, Executive Officer
Michael CPA, CEO Chairman
Lance Burke, Executive CFO
Brian Finneran, President
Lisa Dilorio, First Officer
Alice Rouse, Ex Officer
Joseph Burns, Executive Officer
Lisa Diiorio, First Officer
Michelle Mihas, Senior Secretary
Kevin Corbett, Executive Officer
Elijiah Gray, Senior Banking
John Vivona, First Officer
Ray Sanchez, First Officer

Hanover Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Hanover Bancorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Hanover Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hanover Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hanover Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hanover Stock

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Moving against Hanover Stock

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  0.83TFC-PR Truist FinancialPairCorr
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  0.59WF Woori Financial GroupPairCorr
The ability to find closely correlated positions to Hanover Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanover Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hanover Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hanover Bancorp to buy it.
The correlation of Hanover Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hanover Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanover Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hanover Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Hanover Stock Analysis

When running Hanover Bancorp's price analysis, check to measure Hanover Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanover Bancorp is operating at the current time. Most of Hanover Bancorp's value examination focuses on studying past and present price action to predict the probability of Hanover Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Bancorp's price. Additionally, you may evaluate how the addition of Hanover Bancorp to your portfolios can decrease your overall portfolio volatility.