Hanover Bancorp (HNVR) to Release Quarterly Earnings on Wednesday

Hanover Bancorp (NASDAQ:HNVR) is expected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.49 per share for the quarter.

Hanover Bancorp Trading Up 1.9 %

Shares of NASDAQ HNVR opened at $24.45 on Tuesday. The business has a fifty day moving average price of $23.53 and a 200 day moving average price of $20.00. Hanover Bancorp has a 1-year low of $13.62 and a 1-year high of $27.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a market capitalization of $174.82 million, a P/E ratio of 14.82 and a beta of -0.04.

Hanover Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Wednesday, November 6th. Hanover Bancorp’s dividend payout ratio is currently 24.24%.

Wall Street Analyst Weigh In

HNVR has been the subject of several recent analyst reports. Stephens lowered shares of Hanover Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. Piper Sandler upped their price target on Hanover Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th.

Insider Activity

In related news, Director Robert Golden sold 2,500 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $25.50, for a total value of $63,750.00. Following the transaction, the director now directly owns 28,345 shares of the company’s stock, valued at $722,797.50. This represents a 8.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 24.76% of the company’s stock.

About Hanover Bancorp

Hanover Bancorp, Inc, a bank holding company for Hanover Community Bank, provides personal and business lending and deposit services to businesses, municipalities, and individuals in the New York metro area. The company offers checking, credit cards, debit cards, money market, savings, government and municipal banking, and professional services, as well as time deposits, including certificate of deposit and individual retirement accounts.