Hanover Bancorp (HNVR) to Release Quarterly Earnings on Wednesday

Hanover Bancorp (NASDAQ:HNVR) is expected to be announcing its Q2 2025 earnings results before the market opens on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.57 per share for the quarter.

Hanover Bancorp (NASDAQ:HNVR) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $18.36 million for the quarter, compared to analyst estimates of $18.80 million. Hanover Bancorp had a return on equity of 6.64% and a net margin of 6.58%. On average, analysts expect Hanover Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hanover Bancorp Stock Performance

NASDAQ HNVR opened at $22.43 on Monday. The stock’s fifty day moving average is $22.38 and its two-hundred day moving average is $22.85. The firm has a market capitalization of $162.15 million, a P/E ratio of 17.12 and a beta of 0.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.04. Hanover Bancorp has a fifty-two week low of $16.56 and a fifty-two week high of $27.14.

Hanover Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Wednesday, May 7th. Hanover Bancorp’s dividend payout ratio (DPR) is currently 30.53%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Hanover Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd.

Insider Buying and Selling

In other Hanover Bancorp news, Director Robert Golden sold 5,000 shares of Hanover Bancorp stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $23.42, for a total value of $117,100.00. Following the sale, the director owned 205,418 shares in the company, valued at $4,810,889.56. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 24.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hanover Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its position in Hanover Bancorp by 298.4% in the first quarter. Acadian Asset Management LLC now owns 9,398 shares of the company’s stock valued at $205,000 after purchasing an additional 7,039 shares during the period. Jane Street Group LLC raised its holdings in shares of Hanover Bancorp by 97.5% in the 1st quarter. Jane Street Group LLC now owns 21,292 shares of the company’s stock valued at $467,000 after buying an additional 10,511 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Hanover Bancorp by 24.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,164 shares of the company’s stock valued at $486,000 after buying an additional 4,356 shares during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

About Hanover Bancorp

Hanover Bancorp, Inc, a bank holding company for Hanover Community Bank, provides personal and business lending and deposit services to businesses, municipalities, and individuals in the New York metro area. The company offers checking, credit cards, debit cards, money market, savings, government and municipal banking, and professional services, as well as time deposits, including certificate of deposit and individual retirement accounts.