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P/E Ratio
Volume Traded Today
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Hanover Bancorp, Inc. Market Cap
From what 2 stock analysts predict, the share price for Hanover Bancorp, Inc. (HNVR) might decrease by 10.68% in the next year. This is based on a 12-month average estimation for HNVR. Price targets go from $22 to $23. The majority of stock analysts believe HNVR is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
HNVR is a stock in Financial Services which has been forecasted to be worth $22.5 as an average. On the higher end, the forecast price is $23 USD by from and on the lower end HNVR is forecasted to be $22 by Mark Fitzgibbon from Piper Sandler.
These are the latest 20 analyst ratings of HNVR.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Mark Fitzgibbon Piper Sandler | Overweight | $22 | Maintains | Oct 24, 2024 |
| Mark Fitzgibbon Piper Sandler | Overweight | $20 | Maintains | Jul 25, 2024 |
| Mark Fitzgibbon Piper Sandler | Overweight | $21 | Maintains | Jan 25, 2024 |
| Matt Breese Stephens & Co. | Overweight | $25.5 | Initiates | Jun 6, 2022 |
| Mark Fitzgibbon Piper Sandler | Overweight | $26 | Initiates | Jun 6, 2022 |
When did it IPO
2022
Staff Count
176
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Michael P. Puorro CPA
Market Cap
$180.2M
In 2023, HNVR generated $63.3M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that HNVR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 08 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Hanover Bancorp (HNVR) has passed the "Recent Price Strength" screen, indicating it may be a promising investment opportunity for those seeking profitable stocks.
Why It Matters - Hanover Bancorp's recent price strength indicates positive momentum, suggesting potential for profit, attracting investors seeking stocks with upward trends.
Wed, 23 Oct 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - For Q3 2024, net income was $3.5 million ($0.48 per diluted share). Adjusted net income was $3.7 million ($0.50 per diluted share), excluding severance and retirement expenses.
Why It Matters - Strong net income of $3.5 million, or $0.48 per share, along with an adjusted net income of $3.7 million, signals financial health and potential for future growth.
Wed, 23 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Hanover Bancorp, Inc. (HNVR) reported Q3 earnings of $0.50 per share, surpassing the Zacks estimate of $0.41 and up from $0.38 per share year-over-year.
Why It Matters - Hanover Bancorp's earnings beat estimates and show year-over-year growth, indicating strong performance and potential for future profitability, which can enhance investor confidence.
Fri, 20 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Michael P. was mentioned in news from Mineola, N.Y., on September 20, 2024. Further details are needed for specific investment relevance.
Why It Matters - The news excerpt lacks details about financial performance or market implications, making it difficult to assess its relevance for investors. More context is needed to determine significance.
Fri, 02 Aug 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Hanover Bancorp, Inc. announced grants to 17 local nonprofits through the FHLBNY's Small Business Recovery Grant Program, enhancing community support initiatives.
Why It Matters - Grants to local nonprofits indicate Hanover Bancorp's commitment to community support, potentially enhancing its reputation and customer loyalty, which can positively impact its stock performance.
Wed, 24 Jul 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - For Q2 2024, net income was $0.8 million ($0.11/share), down from $4.1 million ($0.55/share) in Q1 2024 and $3.1 million ($0.42/share) in Q2 2023. Net interest income increased to $13.2 million, up 2.4% from Q1 2024 but down 1.9% year-over-year.
Why It Matters - Declining net income and fluctuations in net interest income indicate potential issues with profitability and credit risk, impacting investor sentiment and stock valuations.
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