Hanover Bancorp, Inc. (HNVR) AI Stock Analysis

Hanover Bancorp, Inc. operates as a bank holding company overseeing Hanover Community Bank, serving small to medium-sized businesses, municipalities, and individuals across the New York metropolitan area. Headquartered in Mineola, New York, the bank offers deposit products including checking, savings, money market, NOW, individual retirement accounts, and certificates of deposit. Its lending portfolio encompasses residential and commercial real estate mortgages, commercial and industrial loans, SBA loans, lines of credit, multi-family mortgages, and bridge loans. The company also provides cash management, online and mobile banking, and merchant services across branch locations in Kings, Nassau, and Queens Counties, New York, as well as Monmouth County, New Jersey.

Hanover Bancorp grew revenue from $52.0M in FY2021 to $70.7M in FY2022, followed by $63.3M in FY2023. Revenue expanded to $148.4M in FY2024 before decreasing 3.4% to $143.3M in FY2025, reflecting a 5-year revenue CAGR of 28.1% from FY2020 to FY2025. Net income declined from $23.6M in FY2022 to $12.3M in FY2024 and $7.5M in FY2025, with net margin narrowing from 33.3% in FY2022 to 5.2% in FY2025. Operating margin also compressed from 53.3% in FY2022 to 6.9% in FY2025. For the latest quarter ended June 30, 2026, quarterly revenue grew 19.2% year-over-year, while quarterly earnings grew 68.5% year-over-year.

As of June 30, 2026, Hanover Bancorp maintained $141.2M in cash and short-term investments and $101.7M in total debt, resulting in net cash of $39.6M. Total assets stood at $2.34B and shareholders' equity was $202.7M, corresponding to a debt-to-equity ratio of 0.50. During FY2025, operating cash flow was $13.1M and free cash flow was $12.2M. Capital deployment in FY2025 included $869,000 for capital expenditures, $1.8M for share buybacks, and $3.0M paid in dividends.

With a market cap of $170.2M and enterprise value of $135.9M, Hanover Bancorp trades at a trailing P/E of 19.0x, above the 12.1x median of its US-listed Financial Services peers. Its price-to-sales ratio of 2.5x sits below the peer median of 3.2x, while price-to-book is 0.9x. Operating margin over the trailing twelve months is 30.3%, compared to the peer median of 37.7%. Over the past year, HNVR delivered a 17.8% return, slightly outpacing the 16.8% return of the S&P 500 (SPY).

Hanover Bancorp pays an annual forward dividend of $0.40 per share, delivering a dividend yield of 1.65%. The bank maintains a payout ratio of 25.1% with distributions made on a quarterly schedule. It has paid consecutive dividends for 5 years, with the last ex-dividend date recorded on August 6, 2026.

Analyst coverage on Hanover Bancorp includes 1 Buy rating and 3 Hold ratings, with 0 Strong Buy, Sell, or Strong Sell recommendations. The mean price target is $27.33, representing 13.3% upside compared to the last close of $24.13. For the current fiscal year ending December 31, 2026, analysts estimate EPS of $2.37, implying 75.2% growth, alongside revenue of $79.7M. The company beat EPS estimates in 2 of the last 4 quarters, with its next earnings date scheduled for October 29, 2026.

This page is an AI-written research summary of Hanover Bancorp, Inc. (HNVR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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