McClelland Wilcox - Hanover Bancorp President Officer
| HNVR Stock | USD 23.74 1.73 6.79% |
President
McClelland Wilcox is President Officer of Hanover Bancorp
| Age | 52 |
| Address | 80 East Jericho Turnpike, Mineola, NY, United States, 11501 |
| Phone | 516 548 8500 |
| Web | https://www.hanoverbank.com |
McClelland Wilcox Latest Insider Activity
Tracking and analyzing the buying and selling activities of McClelland Wilcox against Hanover Bancorp stock is an integral part of due diligence when investing in Hanover Bancorp. McClelland Wilcox insider activity provides valuable insight into whether Hanover Bancorp is net buyers or sellers over its current business cycle. Note, Hanover Bancorp insiders must abide by specific rules, including filing SEC forms every time they buy or sell Hanover Bancorp'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
McClelland Wilcox over six months ago Exercise or conversion by McClelland Wilcox of 29900 shares of Hanover Bancorp subject to Rule 16b-3 |
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.Similar Executives
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Management Performance
| Return On Equity | 0.078 | ||||
| Return On Asset | 0.0066 |
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.
| Return On Equity | 0.078 | ||||
| Return On Asset | 0.0066 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 194.66 M | ||||
| Shares Outstanding | 7.15 M | ||||
| Shares Owned By Insiders | 30.94 % | ||||
| Shares Owned By Institutions | 24.20 % | ||||
| Number Of Shares Shorted | 4.82 K | ||||
| Price To Earning | 5.38 X |
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
| 0.79 | AX | Axos Financial | PairCorr |
| 0.82 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.79 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Hanover Stock
| 0.87 | CFG-PE | Citizens Financial | PairCorr |
| 0.84 | TFC-PO | Truist Financial | PairCorr |
| 0.83 | TFC-PR | Truist Financial | PairCorr |
| 0.69 | NU | Nu Holdings | PairCorr |
| 0.59 | WF | Woori Financial Group | PairCorr |
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.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.