Hanover Bancorp Inc

HNVR · NASDAQ · Financial Services / Banks - Regional

22.33USD+0.10 (+0.45%)

Price History

Full chart

Market Stats

Previous Close22.23

Open22.05

Day Range21.54 – 22.47

52-Week Range19.57 – 27.94

Volume14.47K

Market Cap183.86M

P/E (TTM)20.52

Forward P/E0.00

EPS1.27

Dividend Yield1.53%

Beta0.10

50-Day Avg26.63

200-Day Avg23.75

About

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. It offers a full-service bank providing personal and business lending and deposit services. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit. It also provides 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. In addition, the company offers cards, cash management, and online and mobile banking services, as well as merchant, professional, and digital solutions. It operates banking offices in Kings, Nassau, Suffolk, New York, and Queens counties, New York; and Monmouth County, New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Michael P. Puorro CPA
Employees194
Headquarters80 East Jericho Turnpike, Mineola, NY, United States, 11501, USA
Websitehttps://www.hanoverbank.com

Leadership

Mr. Michael P. Puorro CPACEO & Chairman · b. 1960
Mr. Joseph F. BurnsExecutive VP & Chief Lending Officer
Mr. Kevin M. O'ConnorPresident · b. 1963
Mr. Lance P. BurkeSenior EVP & CFO · b. 1980
Ms. Lisa A. DiiorioFirst Senior VP & Chief Accounting Officer · b. 1964
Mr. Raymond SanchezExecutive VP & Chief Information Officer
Ms. Lisa KotliarSenior VP & Director of Human Resources
Mr. Kevin CorbettExecutive VP & Chief Credit Officer · b. 1960
Mr. Michael P. LocorriereSenior EVP & Chief Municipal Officer · b. 1969
Mr. John P. VivonaExecutive VP & Chief Risk Officer

Financials

Income Statement

Currency: USD	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Revenue	9.50M	13.05M	19.34M	39.27M	41.50M	52.02M	70.70M	63.34M	148.36M	143.32M
Growth (%)	-	+37.30%	+48.20%	+103.05%	+5.68%	+25.37%	+35.89%	-10.41%	+134.23%	-3.40%
Cost of Revenue	-	-	-	-	14.26M	7.97M	11.63M	6.36M	84.87M	80.38M
Gross Profit	9.50M	13.05M	19.34M	39.27M	27.24M	44.06M	70.70M	56.98M	63.49M	62.94M
Gross Margin	100.00%	100.00%	100.00%	100.00%	65.63%	84.69%	100.00%	89.97%	42.79%	43.91%
Operating Expense	6.46M	9.13M	11.88M	27.88M	21.02M	30.00M	33.03M	55.21M	47.11M	52.98M
Operating Income	3.04M	3.92M	7.46M	11.39M	6.21M	14.05M	37.67M	1.77M	16.38M	9.95M
Operating Margin	31.99%	30.00%	38.57%	29.01%	14.97%	27.01%	53.28%	2.80%	11.04%	6.95%
EBITDA	7.85M	10.01M	17.20M	11.03M	7.56M	15.53M	39.41M	1.77M	20.25M	14.10M
EBITDA Margin	82.55%	76.70%	88.93%	28.09%	18.22%	29.85%	55.75%	2.80%	13.65%	9.84%
Net Income	1.97M	2.15M	4.60M	8.09M	4.97M	10.85M	23.56M	15.16M	12.35M	7.49M
Net Income Margin	20.68%	16.49%	23.79%	20.59%	11.99%	20.86%	33.32%	23.94%	8.32%	5.22%
Interest Expense	-	-	0	2.84M	13.01M	6.97M	7.17M	50.55M	79.93M	70.00M
Interest Expense % of Total Revenue	-	-	0.00%	7.24%	31.35%	13.39%	10.15%	79.81%	53.88%	48.84%

Balance Sheet

Currency: USD	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Assets	362.28M	501.36M	649.96M	848.84M	851.61M	1.48B	1.84B	2.27B	2.31B	2.38B
Total Liabilities	60.39M	82.37M	124.50M	776.89M	773.56M	1.36B	1.67B	2.09B	2.12B	2.18B
Total Equity	32.06M	41.78M	54.23M	71.95M	78.04M	122.53M	172.58M	184.83M	196.64M	200.27M
Cash	27.90M	34.95M	57.10M	87.83M	80.21M	151.25M	149.49M	176.68M	162.86M	208.90M
Total Debt	60.39M	82.37M	124.50M	115.73M	100.14M	184.16M	126.32M	164.05M	141.52M	136.03M
Net Debt	32.48M	47.42M	67.40M	27.89M	19.93M	32.90M	-23.17M	-12.64M	-21.34M	-72.87M

Cash Flow

Currency: USD	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Operating Cash Flow	-	-	7.96M	7.96M	566.00K	13.19M	25.05M	16.40M	5.44M	13.05M
Investing Cash Flow	-	-	-45.81M	-45.82M	-7.29M	89.85M	-374.15M	-256.36M	-45.36M	-27.95M
Financing Cash Flow	-	-	68.59M	68.59M	-898.00K	-16.71M	332.50M	282.64M	25.57M	60.94M
Capital Expenditure	0	0	1.52M	1.52M	1.09M	2.08M	1.12M	3.41M	1.29M	869.00K
Free Cash Flow	-	-	-	6.44M	-527.00K	11.11M	23.93M	16.40M	4.15M	12.18M
Dividends Paid	-	-	-	2.05M	2.05M	2.05M	2.05M	2.93M	2.96M	3.01M
FCF to OCF	-	-	-	80.89%	-93.11%	84.24%	95.52%	100.00%	76.25%	93.34%
Dividend Paid to FCF	-	-	-	31.87%	-389.37%	18.46%	8.58%	17.86%	71.36%	24.70%

Earnings

Report Date	Nov 15, 1999	Mar 17, 2000	May 15, 2000	Feb 7, 2022	May 16, 2022	Jul 27, 2022	Oct 26, 2022	Jan 25, 2023	Apr 27, 2023	Jul 27, 2023	Oct 26, 2023	Jan 24, 2024	Apr 17, 2024	Jul 24, 2024	Oct 23, 2024	Jan 29, 2025	Apr 23, 2025	Jul 23, 2025	Oct 30, 2025	Jan 29, 2026	Apr 27, 2026	Jul 23, 2026	Oct 29, 2026
EPS Estimate	0.00	0.00	0.00	0.00	0.90	0.82	0.76	0.82	0.65	0.33	0.37	0.34	0.43	0.48	0.43	0.48	0.48	0.54	0.47	0.52	0.53	0.57	0.60
EPS Actual	0.31	0.34	0.30	1.16	0.91	0.83	0.79	0.72	0.48	0.42	0.38	0.54	0.55	0.11	0.50	0.52	0.55	0.33	0.47	0.01	0.54	0.58	-
Surprise	-	-	-	-	1.11%	1.22%	3.95%	-12.20%	-26.15%	27.27%	2.70%	58.82%	27.91%	-77.08%	16.28%	8.33%	14.58%	-38.89%	0.00%	-98.94%	1.89%	1.75%	-
Timing	-	-	-	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	After-hours	After-hours	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap183.86M

Enterprise Value149.55M

Trailing P/E20.52

Forward P/E0.00

Price / Sales2.75

Price / Book0.93

EPS1.27

Book Value28.02

Revenue (TTM)66.82M

Gross Profit (TTM)66.82M

Profit Margin14.16%

Operating Margin30.33%

Return on Equity4.71%

Return on Assets0.41%

Shares Outstanding7.06M

Shares Float4.21M

Beta0.10

Dividend Yield1.53%

Dividend Rate0.40

Payout Ratio25.07%

Analyst Ratings

Buy

Based on 2 analystsTarget 26.83

Buy
1
Hold
1

Ownership Breakdown

Institutions: 36.45%
Insiders: 32.11%
Retail / Other: 31.44%

Top Institutional Holders

AllianceBernstein L.P.
317.38K4.50%
Vanguard Capital Management, LLC
255.40K3.62%
BlackRock Inc
227.20K3.22%
Fourthstone LLC
144.22K2.04%
Geode Capital Management, LLC
88.71K1.26%
Banc Funds Co LLC
76.76K1.09%
Dimensional Fund Advisors, Inc.
43.99K0.62%
CI Private Wealth LLC
42.24K0.60%
State Street Corp
38.87K0.55%
Northern Trust Corp
38.69K0.55%
The Goldman Sachs Group Inc
33.12K0.47%
Vanguard Fiduciary Trust Co
29.16K0.41%
Bridgeway Capital Management, LLC
27.62K0.39%
Vanguard Portfolio Management, LLC
26.51K0.38%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
160.63K2.28%
iShares Russell 2000 ETF
108.70K1.54%
iShares Russell 2000 Value ETF
52.31K0.74%
Fidelity Small Cap Index
45.31K0.64%
Dimensional US Small Cap Value ETF
26.81K0.38%
Vanguard Russell 2000 ETF
25.45K0.36%

Dividends

20264×

0.10Nov 10, 20260.10Aug 6, 20260.10May 11, 20260.10Feb 12, 2026

20254×

0.10Nov 13, 20250.10Aug 6, 20250.10May 7, 20250.10Feb 12, 2025

20244×

0.10Nov 6, 20240.10Aug 7, 20240.10May 7, 20240.10Feb 6, 2024

20234×

0.10Nov 7, 20230.10Aug 8, 20230.10May 9, 20230.10Feb 6, 2023

20223×

0.10Nov 7, 20220.10Aug 8, 20220.10Jun 17, 2022