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Hanover Bancorp Inc
(NASDAQ:HNVR)
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Rating:67Neutral
Price Target:
$29.00
▲(7.61% Upside)
Action:Reiterated
Date:08/27/26
The score is driven primarily by stable-but-pressured financial performance: strong recent cash generation and improving leverage are positives, but softer revenue and reduced margins/ROE versus prior peak years cap the rating. Technicals add support with a constructive trend and balanced momentum, while valuation is only average (P/E ~21.4 with a modest ~1.48% yield). Recent corporate actions (new buyback program and leadership appointment) provide an additional tailwind.
Positive Factors
Strong Cash Generation
Strong cash conversion gives Hanover greater capacity to fund operations, absorb credit or funding volatility, and support capital allocation. FCF nearly matching net income indicates current earnings are translating into tangible liquidity.
Negative Factors
Recent Revenue Contraction
Softer revenue indicates that loan growth, asset yields, fee income, or other banking activity has not fully offset operating pressures. If sustained, weaker topline momentum can constrain investment capacity and reduce operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Strong cash conversion gives Hanover greater capacity to fund operations, absorb credit or funding volatility, and support capital allocation. FCF nearly matching net income indicates current earnings are translating into tangible liquidity.
Read all positive factors
Hanover Bancorp Inc (HNVR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$192.97M
Dividend Yield1.46%
Average Volume (3M)51.48K
Price to Earnings (P/E)21.5
Beta (1Y)0.77
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. Volume34,972
30 Day Avg. Volume51,485
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$28.50Price Target Upside5.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.36
Revenue Forecast (FY)$79.70M
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 (1) earning net interest income and (2) generating noninterest income. Net interest income is the spread between interest earned on interest-earning assets—mainly loans (such ...
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 | 7.04M | 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
Positive
26.95
Price Trends
25.73
Positive
24.37
Positive
23.30
Positive
Market Momentum
0.29
Positive
59.74
Neutral
58.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HNVR, the sentiment is Positive. The current price of 26.95 is below the 20-day moving average (MA) of 27.13, above the 50-day MA of 25.73, and above the 200-day MA of 23.30, indicating a bullish trend. The MACD of 0.29 indicates Positive momentum. The RSI at 59.74 is Neutral, neither overbought nor oversold. The STOCH value of 58.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $196.74M | 9.63 | 12.49% | 2.57% | 3.33% | 22.98% | |
71 Outperform | $200.45M | 13.93 | 7.20% | ― | 34.21% | ― | |
69 Neutral | $190.22M | 19.17 | 5.68% | 1.09% | 0.32% | 84.94% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $192.97M | 21.46 | 4.69% | 1.46% | -4.37% | -15.96% | |
64 Neutral | $191.07M | 26.29 | 4.57% | 2.93% | -9.31% | -37.86% | |
51 Neutral | $194.15M | 13.58 | 7.04% | ― | 89.08% | -1.15% |
* Financial Sector Average
HNVR
Hanover Bancorp Inc
27.35
4.84
21.47%
LARK
Landmark Bancorp
32.25
7.25
28.98%
CBFV
CB Financial Services
37.60
6.02
19.05%
RBKB
Rhinebeck Bancorp
12.82
3.32
34.95%
FNWD
Finward Bancorp
43.90
11.81
36.80%
FINW
FinWise
13.99
-5.70
-28.94%
Hanover Bancorp Inc Corporate Events
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...
Business Operations and StrategyExecutive/Board Changes
Hanover Bancorp Appoints Kevin O’Connor as President
Positive
Jul 20, 2026
On July 20, 2026, Hanover Bancorp, Inc. and Hanover Community Bank announced the appointment of veteran Long Island banking executive Kevin O’Connor as President of both the holding company and the bank, effective July 27, 2026. O’Conn...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Hanover Bancorp Highlights Strategy in June Investor Presentation
Positive
Jun 4, 2026
On June 4, 2026, Hanover Bancorp, Inc. disclosed that its representatives would present an investor slide deck outlining the company’s strategy, performance and positioning to various investors in June 2026. The materials describe how the ba...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Hanover Bancorp Shareholders Approve 2026 Equity Incentive Plan
Positive
Jun 1, 2026
On May 28, 2026, Hanover Bancorp shareholders re-elected directors Michael Katz, John R. Sorrenti, and Philip Okun to new three-year terms, reinforcing continuity in the bank’s board leadership and corporate governance. That same day, invest...
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.