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Hanover Bancorp Inc
(NASDAQ:HNVR)
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Rating:66Neutral
Price Target:
$26.00
▼(-3.53% Downside)
Action:Reiterated
Date:09/10/26
Overall score reflects stable-to-improving fundamentals led by strong recent cash generation and improving leverage, balanced against a notable downshift in revenue growth and profitability versus prior peak years. Technicals add support with an upward trend across key moving averages and positive MACD, while valuation is a moderate headwind due to a ~21.4 P/E paired with a modest ~1.47% dividend yield. Corporate events modestly bolster the outlook via buybacks and leadership/growth initiatives.
Positive Factors
Strong cash generation
Strong operating and free cash flow indicates that reported earnings are converting into usable financial resources. This supports ongoing lending activity, capital investment, liquidity management, and shareholder returns while giving Hanover greater capacity to absorb business volatility over the next several quarters.
Negative Factors
Revenue contraction
Recent revenue contraction signals weaker top-line momentum across the bank’s lending, securities, and fee-generating activities. If this persists, slower balance-sheet growth could limit operating leverage and make it harder for Hanover to rebuild earnings toward the stronger levels achieved in earlier periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Strong operating and free cash flow indicates that reported earnings are converting into usable financial resources. This supports ongoing lending activity, capital investment, liquidity management, and shareholder returns while giving Hanover greater capacity to absorb business volatility over the next several quarters.
Read all positive factors
Hanover Bancorp Inc (HNVR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$168.48M
Dividend Yield1.68%
Average Volume (3M)28.14K
Price to Earnings (P/E)18.7
Beta (1Y)0.74
Revenue Growth-4.37%
EPS Growth-15.96%
CountryUS
Employees194
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.27
Shares Outstanding7,055,424
10 Day Avg. Volume17,545
30 Day Avg. Volume28,144
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)0.86
Price to Sales (P/S)1.20
P/FCF Ratio14.17
Enterprise Value/Market Cap1.57
Enterprise Value/Revenue1.98
Enterprise Value/Gross Profit4.46
Enterprise Value/Ebitda24.15
Forecast
1Y Price Target
$28.50Price Target Upside5.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.37
Revenue Forecast (FY)$79.72M
Hanover Bancorp Inc Business Overview & Revenue Model
Company Description
Hanover Bancorp, Inc. functions as the parent entity for Hanover Community Bank, providing a comprehensive range of financial products and services. These offerings serve individuals, municipalities, and small to mid-sized businesses across the Ne...
How the Company Makes Money
Hanover Bancorp makes money primarily through its banking subsidiary by earning interest income and fee-based income. The core revenue driver is net interest income: the bank collects interest on loans (e.g., commercial real estate, multifamily, c...
Hanover Bancorp Inc Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
67
Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Sep 2023 | Sep 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 133.09M | 143.32M | 148.36M | 113.89M | 77.30M | 52.02M |
| Gross Profit | 59.26M | 62.94M | 63.49M | 59.91M | 65.68M | 44.06M |
| EBITDA | 10.94M | 14.10M | 20.25M | 23.68M | 32.24M | 15.53M |
| Net Income | 9.46M | 7.49M | 12.35M | 15.16M | 23.56M | 10.85M |
Balance Sheet | ||||||
| Total Assets | 2.34B | 2.38B | 2.31B | 2.27B | 1.84B | 1.48B |
| Cash, Cash Equivalents and Short-Term Investments | 141.24M | 245.83M | 246.61M | 238.10M | 161.78M | 159.00M |
| Total Debt | 101.67M | 136.03M | 141.52M | 164.05M | 126.32M | 184.16M |
| Total Liabilities | 2.13B | 2.18B | 2.12B | 2.09B | 1.67B | 1.36B |
| Stockholders Equity | 202.75M | 200.27M | 196.64M | 184.83M | 172.58M | 122.53M |
Cash Flow | ||||||
| Free Cash Flow | 26.38M | 12.18M | 4.15M | 12.99M | 23.93M | 11.11M |
| Operating Cash Flow | 26.93M | 13.05M | 5.44M | 16.40M | 25.05M | 13.19M |
| Investing Cash Flow | -65.21M | -27.95M | -45.36M | -256.36M | -374.15M | 89.85M |
| Financing Cash Flow | 14.99M | 60.94M | 25.57M | 282.74M | 332.50M | -16.71M |
Hanover Bancorp Inc Technical Analysis
Neutral
26.95
Price Trends
26.05
Negative
25.30
Negative
23.78
Positive
Market Momentum
-0.67
Positive
35.12
Neutral
13.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HNVR, the sentiment is Neutral. The current price of 26.95 is above the 20-day moving average (MA) of 24.68, above the 50-day MA of 26.05, and above the 200-day MA of 23.78, indicating a neutral trend. The MACD of -0.67 indicates Positive momentum. The RSI at 35.12 is Neutral, neither overbought nor oversold. The STOCH value of 13.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HNVR.
Hanover Bancorp Inc Risk Analysis
Hanover Bancorp Inc disclosed 57 risk factors in its most recent earnings report. Hanover Bancorp Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hanover Bancorp Inc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $199.06M | 9.74 | 12.49% | 2.54% | 3.33% | 22.98% | |
71 Outperform | $202.17M | 14.05 | 7.20% | ― | 34.21% | ― | |
69 Neutral | $188.65M | 19.02 | 5.68% | 1.10% | 0.32% | 84.94% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $168.48M | 18.74 | 4.69% | 1.68% | -4.37% | -15.96% | |
64 Neutral | $196.40M | 27.03 | 4.57% | 2.85% | -9.31% | -37.86% | |
51 Neutral | $149.38M | 10.45 | 7.04% | ― | 89.08% | -1.15% |
* Financial Sector Average
HNVR
Hanover Bancorp Inc
23.88
3.51
17.22%
LARK
Landmark Bancorp
32.63
8.89
37.46%
CBFV
CB Financial Services
38.65
6.14
18.87%
RBKB
Rhinebeck Bancorp
12.93
5.90
84.06%
FNWD
Finward Bancorp
43.56
11.08
34.10%
FINW
FinWise
10.76
-7.19
-40.06%
Hanover Bancorp Inc Corporate Events
Business Operations and StrategyFinancial Disclosures
Hanover Bancorp Showcases Growth Strategy in Investor Deck
Positive
Sep 10, 2026
On September 10, 2026, Hanover Bancorp Inc. began presenting a confidential investor deck to various investors, providing an overview of its operations and financial profile. The materials outline a seasoned management team with a track record of ...
Business Operations and StrategyStock Buyback
Hanover Bancorp Authorizes New Share Repurchase Program
Positive
Aug 26, 2026
On August 26, 2026, Hanover Bancorp, Inc., the parent of Hanover Community Bank, announced that its board had approved a new share repurchase program authorizing buybacks of up to 370,000 shares, or about 5% of its outstanding common stock, with a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.