Hanover Bancorp (NASDAQ:HNVR) Stock Price Down 0.1%

Hanover Bancorp, Inc. (NASDAQ:HNVR)’s stock price fell 0.1% during trading on Thursday . The stock traded as low as $16.11 and last traded at $16.20. 3,958 shares were traded during trading, a decline of 12% from the average session volume of 4,504 shares. The stock had previously closed at $16.21.

Hanover Bancorp Price Performance

The business has a 50-day simple moving average of $16.44 and a two-hundred day simple moving average of $16.53. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $116.44 million, a price-to-earnings ratio of 8.19 and a beta of -0.23.

Hanover Bancorp (NASDAQ:HNVR) last issued its quarterly earnings results on Wednesday, April 17th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.19. The firm had revenue of $16.51 million during the quarter, compared to analyst estimates of $15.60 million. Hanover Bancorp had a return on equity of 7.62% and a net margin of 10.82%. As a group, research analysts predict that Hanover Bancorp, Inc. will post 2.05 earnings per share for the current fiscal year.

Hanover Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Tuesday, May 7th. Hanover Bancorp’s dividend payout ratio is presently 20.41%.

Insider Transactions at Hanover Bancorp

In related news, Director Elena Sisti acquired 2,000 shares of Hanover Bancorp stock in a transaction dated Monday, April 22nd. The stock was acquired at an average cost of $16.95 per share, with a total value of $33,900.00. Following the purchase, the director now directly owns 101,878 shares in the company, valued at approximately $1,726,832.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 4,550 shares of company stock valued at $76,094 in the last three months. 24.76% of the stock is currently owned by corporate insiders.

Hanover Bancorp Company Profile

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.