Hanover Bancorp, Inc. (HNVR) is a publicly traded company in the Financial Services — Banks - Regional industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Hanover Bancorp, Inc. functions as the parent entity for Hanover Community Bank, providing a comprehensive range of financial products and services. These offerings serve individuals, municipalities, and small to mid-sized businesses across the New York metropolitan area.
Analysis Summary
Hanover Bancorp, Inc. reported revenue of $143.3M in the most recent fiscal year, growing at a 5-year CAGR of 28.1%. Net income reached $7.5M, with a 8.5% 5-year CAGR.
Trailing-twelve-month margins: gross margin 44.5%, operating margin 3.7%, net margin 7.1%.
At the current price of $26.46, HNVR trades at a P/E of 20.76 and an ROE of 4.69%. Market capitalisation stands at $189M.
Balance sheet quality for HNVR: current ratio of 0.1, net cash position of $109.8M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $12.2M represents 163% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $26.46 |
| Market Cap | $189M |
| Exchange | NASDAQ |
| Country | US |
Valuation Ratios
| P/E Ratio | 20.76 |
| Price / Book | 0.97 |
| EV / EBITDA | 22.23 |
| Dividend Yield | 1.51% |
Profitability
| Return on Equity | 4.69% |
| Return on Invested Capital | 0.15% |
| Return on Assets | 0.40% |
| Gross Margin | 44.53% |
| Operating Margin | 3.72% |
| Net Margin | 7.11% |
Financial Health
| Debt / Equity | 0.50 |
| Current Ratio | 0.00 |
What to look at in Banking companies
- Efficiency Ratio (<=55%) — Operating expenses / revenue. Top banks below 55%.
- ROA (>=1%) — How much they earn per dollar of assets. ROE misleads in banks due to leverage.
- ROTCE (>=12%) — Return on Tangible Common Equity. Strips goodwill and intangibles.
- Equity / Assets (Tier 1 proxy) (>=8%) — Capital ratio proxy. FMP does not expose regulatory Tier 1 directly.
- P/B (1.0-1.5x) — Classic banking metric. <1x can be opportunity or distress.
- Sustainable dividend yield (>=2%, <8%) — EU banks pay 5-7% normally. >8% is distress signal.
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| HNVR | Hanover Bancorp, Inc. | $189M | 20.76 | 0.97 | 4.7% |
| 0O84.L | DNB Bank ASA | $487.3B | |||
| MFG | Mizuho Financial Group, Inc. | $133.2B | 15.46 | 1.83 | 12.3% |
| HDB | HDFC Bank Limited | $119.7B | 13.92 | 1.82 | |
| IBN | ICICI Bank Limited | $100.7B | 16.85 | 2.49 | 15.7% |
| SBID.L | State Bank of India | $96.4B | |||
| 0KEF.L | The PNC Financial Services Group, Inc. | $94.3B | 12.97 | 1.49 | 12.3% |
| PNC | The PNC Financial Services Group, Inc. | $92.4B | 13.10 | 1.50 |
Price Performance
| 1 month | -2.42% |
| 3 months | +16.28% |
| Year-to-date | +17.14% |
| 1 year | +21.12% |
| 3 years | +48.57% |
52-Week Range
| 52-week High | $27.94 |
| 52-week Low | $19.91 |
| Avg Volume (90d) | 57K |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2026-08-06 | $0.1000 | 1.51% |
| 2026-05-11 | $0.1000 | 1.51% |
| 2026-02-12 | $0.1000 | 1.51% |
| 2025-11-13 | $0.1000 | 1.51% |
| 2025-08-06 | $0.1000 | 1.51% |
| 2025-05-07 | $0.1000 | 1.51% |
| 2025-02-12 | $0.1000 | 1.51% |
| 2024-11-06 | $0.1000 | 1.51% |
| 2024-08-07 | $0.1000 | 1.51% |
| 2024-05-07 | $0.1000 | 1.51% |
Related companies: BVFL · CFBK · CZWI · ECBK · FCAP · FNWD · LARK
Explore sector: Financial Services · Banks - Regional
More sections of HNVR: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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