Hanover Bancorp Stock Today

HNVR Stock  USD 21.57  0.72  3.23%   

Performance

8 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 11

 
High
 
Low
Low
Hanover Bancorp is selling at 21.57 as of the 12th of January 2025; that is 3.23 percent decrease since the beginning of the trading day. The stock's lowest day price was 21.57. Hanover Bancorp has less than a 11 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. The performance scores are derived for the period starting the 23rd of January 2023 and ending today, the 12th of January 2025. Click here to learn more.
Business Domain
Banks
IPO Date
11th of May 2022
Category
Financial Services
Classification
Financials
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. The company has 7.15 M outstanding shares of which 53.09 K shares are currently shorted by private and institutional investors with about 0.22 trading days to cover. More on Hanover Bancorp

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Hanover Stock Highlights

ESG Sustainability
65.6%
Environmental
68.7%
Governance
69.3%
Social
COO PresidentRaffaella Palazzo
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, NASDAQ Composite, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00590.0063
Significantly Down
Slightly volatile
Asset Turnover0.03040.0321
Notably Down
Very volatile
Gross Profit Margin0.760.86
Fairly Down
Slightly volatile
Total Current Liabilities1.4 B1.3 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total2.4 B2.3 B
Sufficiently Up
Slightly volatile
Total Assets1.6 B2.5 B
Way Down
Slightly volatile
Total Current Assets486.6 M463.4 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities13 M18.9 M
Way Down
Slightly volatile
Debt Levels
Hanover Bancorp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hanover Bancorp's financial leverage. It provides some insight into what part of Hanover Bancorp's total assets is financed by creditors.
Non Currrent Assets Other41.62%Total ...8.87%Oth...N...I...100%
Liquidity
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.

Total Cash From Operating Activities

13.04 Million
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. The company currently falls under 'Small-Cap' category with a current market capitalization of 154.28 M. Hanover Bancorp conducts business under Banks sector and is part of Financials industry. The entity has 7.15 M outstanding shares of which 53.09 K shares are currently shorted by private and institutional investors with about 0.22 trading days to cover. Hanover Bancorp currently holds about 133.97 M in cash with 16.4 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 18.37.
Check Hanover Bancorp Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Hanover Bancorp is $154.28 Million. Hanover Bancorp secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.
Public45.11%Insiders30.58%Institutions24.31%100%
Check Hanover Ownership Details

Hanover Stock Institutional Holders

InstituionRecorded OnShares
Renaissance Technologies Corp2024-09-30
13.6 K
Citigroup Inc2024-09-30
1.5 K
Barclays Plc2024-09-30
823
U.s. Bancorp2024-09-30
300
Capital Advisors, Ltd. Llc2024-09-30
100.0
Bank Of America Corp2024-09-30
37.0
Wells Fargo & Co2024-09-30
1.0
Royal Bank Of Canada2024-09-30
0.0
Tower Research Capital Llc2024-09-30
0.0
Alliancebernstein L.p.2024-09-30
566.4 K
Banc Funds Co Llc2024-09-30
228.4 K
View Hanover Bancorp Diagnostics

Hanover Bancorp Historical Income Statement

At this time, Hanover Bancorp's Interest Expense is relatively stable compared to the past year. As of 01/12/2025, Other Operating Expenses is likely to grow to about 13 M, while Selling General Administrative is likely to drop slightly above 16.5 M. View More Fundamentals

Hanover Stock Against Markets

Hanover Bancorp Corporate Management

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.

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