Hanover Bancorp, Inc. (NASDAQ:HNVR – Get Free Report) declared a quarterly dividend on Thursday, April 18th, Wall Street Journal reports. Shareholders of record on Wednesday, May 8th will be given a dividend of 0.10 per share on Wednesday, May 15th. This represents a $0.40 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, May 7th.
Hanover Bancorp Price Performance
Shares of NASDAQ:HNVR traded up $0.80 on Thursday, reaching $15.05. 6,669 shares of the company traded hands, compared to its average volume of 4,989. The stock has a market capitalization of $108.81 million, a PE ratio of 8.22 and a beta of -0.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.08 and a quick ratio of 1.08. The company’s 50 day moving average is $15.85 and its 200-day moving average is $17.09. Hanover Bancorp has a fifty-two week low of $13.62 and a fifty-two week high of $18.91.
Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last announced its earnings results on Wednesday, January 24th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $15.91 million for the quarter, compared to analyst estimates of $14.40 million. Hanover Bancorp had a return on equity of 7.47% and a net margin of 10.93%. As a group, analysts anticipate that Hanover Bancorp will post 1.88 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. TheStreet raised Hanover Bancorp from a “d+” rating to a “c-” rating in a research report on Wednesday, January 3rd. Piper Sandler boosted their target price on Hanover Bancorp from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th.
Get Our Latest Analysis on Hanover Bancorp
Hanover Bancorp Company Profile
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.
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