Hanover Bancorp Inc

Company Profile

Hanover Bancorp Inc had its IPO on 2022-05-11 under the ticker symbol HNVR.

The company operates in the Financial Services sector and Banks-Regional industry. Hanover Bancorp Inc has a staff strength of 162 employees.

Stock update

Shares of Hanover Bancorp Inc opened at $18.1 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $17.96 - $18.19, and closed at $17.96.

This is a -0.47% slip from the previous day's closing price.

A total volume of 4,676 shares were traded at the close of the day’s session.

In the last one week, shares of Hanover Bancorp Inc have slipped by -1.32%.

Hanover Bancorp Inc's Key Ratios

Hanover Bancorp Inc has a market cap of $130.75 million, indicating a price to book ratio of 0.8498 and a price to sales ratio of 2.2209.

In the last 12-months Hanover Bancorp Inc’s revenue was $61.27 million with a gross profit of $65.68 million and an EBITDA of $0. The EBITDA ratio measures Hanover Bancorp Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Hanover Bancorp Inc’s operating margin was 38.6% while its return on assets stood at 0.94% with a return of equity of 9.98%.

In Q2, Hanover Bancorp Inc’s quarterly earnings growth was a negative -47.5% while revenue growth was a negative 4.3%.

Hanover Bancorp Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

7.8112

PEG

Its diluted EPS in the last 12-months stands at $2.33 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Hanover Bancorp Inc’s profitability.

Hanover Bancorp Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.2209.

Hanover Bancorp Inc stock pays annual dividends of $0.4 per share, indicating a yield of 2.19% and a payout ratio of 16.95%.

Balance sheet and cash flow metrics

Total Assets

$2.12 billion

Total Liabilities

$1.24 million

Operating Cash Flow

$-43445000.00

Capital Expenditure

$1.01 million

Dividend Payout Ratio

16.95%

Hanover Bancorp Inc ended 2024 with $2.12 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.12 billion while shareholder equity stood at $182.81 million.

Hanover Bancorp Inc ended 2024 with $0 in deferred long-term liabilities, $1.24 million in other current liabilities, 72000.00 in common stock, $55.90 million in retained earnings and $19.17 million in goodwill. Its cash balance stood at $211.53 million and cash and short-term investments were $222.63 million. The company’s total short-term debt was $293,849,000 while long-term debt stood at $318.46 million.

Hanover Bancorp Inc’s total current assets stands at $222.63 million while long-term investments were $15.27 million and short-term investments were $11.09 million. Its net receivables were $10.19 million compared to accounts payable of $1.24 million and inventory worth $0.

In 2024, Hanover Bancorp Inc's operating cash flow was $-43445000.00 while its capital expenditure stood at $1.01 million.

Comparatively, Hanover Bancorp Inc paid $0.17 in dividends in 2024.

Other key metrics

Current Trading Price

$17.96

52-Week High

$20.88

52-Week Low

$17.2753

Analyst Target Price

$21

Hanover Bancorp Inc stock is currently trading at $17.96 per share. It touched a 52-week high of $20.88 and a 52-week low of $20.88. Analysts tracking the stock have a 12-month average target price of $21.

Its 50-day moving average was $18.14 and 200-day moving average was $18.61 The short ratio stood at 2.33 indicating a short percent outstanding of 0%.

Around 3064.5% of the company’s stock are held by insiders while 2165.3% are held by institutions.