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How to buy Hanover Bancorp stock

Learn how to buy Hanover Bancorp stock in 5 easy steps.

Hanover Bancorp is a banks-regional business based in the US. Hanover Bancorp shares (HNVR) are listed on the NASDAQ and all prices are listed in US Dollars.

How to buy Hanover Bancorp stock

  1. Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
  2. Open an account. Provide your personal information and sign up.
  3. Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
  4. Search for the stock name – HNVR. Search for the stock by name or ticker symbol.
  5. Buy the stock. Place your order. It's that simple.

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Hanover Bancorp stock price (NASDAQ: HNVR)

Use our graph to track the performance of HNVR stocks over time.

Hanover Bancorp shares at a glance

Information last updated 2022-12-07.
Latest market close$18.42
52-week range$18.88 - $24.32
50-day moving average $19.69
200-day moving average $20.06
Wall St. target price$24.00
PE ratio 5.6397
Dividend yield $0.2 (1.98%)
Earnings per share (TTM) $3.58

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Is it a good time to buy Hanover Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Hanover Bancorp price performance over time

Historical closes compared with the close of $18.42 from 2023-03-24

1 week (2023-03-21) -3.05%
1 month (2023-02-28) -7.44%
3 months (2022-12-28) -6.50%
6 months (2022-09-28) -6.00%
1 year (2022-03-24) N/A
2 years (2021-03-24) N/A
3 years (2020-03-24) N/A
5 years (2018-03-24) N/A

Is Hanover Bancorp stock undervalued or overvalued?

Valuing Hanover Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Hanover Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Hanover Bancorp's P/E ratio

Hanover Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Hanover Bancorp shares trade at around 6x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Hanover Bancorp financials

Revenue TTM $65.7 million
Operating margin TTM 46.81%
Gross profit TTM $65.7 million
Return on assets TTM 1.42%
Return on equity TTM 15.96%
Profit margin 35.87%
Book value $23.69
Market capitalisation $147.1 million

TTM: trailing 12 months

Hanover Bancorp share dividends


Dividend payout ratio: 6.7% of net profits

Recently Hanover Bancorp has paid out, on average, around 6.7% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.98% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Hanover Bancorp shareholders could enjoy a 1.98% return on their shares, in the form of dividend payments. In Hanover Bancorp's case, that would currently equate to about $0.2 per share.

While Hanover Bancorp's payout ratio might seem low, this can signify that Hanover Bancorp is investing more in its future growth.

Hanover Bancorp's most recent dividend payout was on 14 November 2022. The latest dividend was paid out to all shareholders who bought their shares by 6 November 2022 (the "ex-dividend date").

Hanover Bancorp overview

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 offers checking, savings, money market, NOW, and individual retirement accounts, as well as certificates of deposits and time deposits; cards; and residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans. It operates branch offices located in Manhattan, Brooklyn, Queens, and Nassau County, New York; and administrative office in Suffolk County, New York. The company was founded in 2008 and is headquartered in Mineola, New York. .

Frequently asked questions

What percentage of Hanover Bancorp is owned by insiders or institutions?
Currently 21.999% of Hanover Bancorp shares are held by insiders and 20.193% by institutions.
When does the fiscal year end for Hanover Bancorp?
Hanover Bancorp's fiscal year ends in September.
Where is Hanover Bancorp based?
Hanover Bancorp's address is: 80 East Jericho Turnpike, Mineola, NY, United States, 11501
What is Hanover Bancorp's ISIN number?
Hanover Bancorp's international securities identification number is: US4107102067

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