Hanover Bancorp (NASDAQ:HNVR) Director Sells $30,471.35 in Stock

Posted by Francis Steltz on May 29th, 2026

Hanover Bancorp, Inc. (NASDAQ:HNVR – Get Free Report) Director Robert Golden sold 1,295 shares of Hanover Bancorp stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $23.53, for a total value of $30,471.35. Following the completion of the transaction, the director owned 31,702 shares in the company, valued at $745,948.06. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Robert Golden also recently made the following trade(s):

On Wednesday, May 20th, Robert Golden sold 1,012 shares of Hanover Bancorp stock. The stock was sold at an average price of $23.01, for a total value of $23,286.12.
On Tuesday, May 19th, Robert Golden sold 2,259 shares of Hanover Bancorp stock. The stock was sold at an average price of $22.79, for a total value of $51,482.61.

Hanover Bancorp Stock Down 0.9%

Shares of Hanover Bancorp stock traded down $0.21 during trading on Friday, reaching $23.50. The company’s stock had a trading volume of 99,346 shares, compared to its average volume of 18,419. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.30. The company has a market cap of $168.27 million, a price-to-earnings ratio of 22.38 and a beta of 0.12. Hanover Bancorp, Inc. has a 1-year low of $19.91 and a 1-year high of $24.49. The company has a 50-day simple moving average of $22.41 and a two-hundred day simple moving average of $22.57.

Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Hanover Bancorp had a return on equity of 5.09% and a net margin of 5.53%.The firm had revenue of $19.11 million during the quarter, compared to analysts’ expectations of $19.50 million.

Hanover Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. Hanover Bancorp’s payout ratio is currently 38.10%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HNVR. JPMorgan Chase & Co. lifted its stake in Hanover Bancorp by 23.5% during the third quarter. JPMorgan Chase & Co. now owns 2,776 shares of the company’s stock worth $62,000 after purchasing an additional 529 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Hanover Bancorp by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 31,089 shares of the company’s stock worth $719,000 after purchasing an additional 534 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Hanover Bancorp by 219.9% during the third quarter. BNP Paribas Financial Markets now owns 1,289 shares of the company’s stock worth $29,000 after purchasing an additional 886 shares in the last quarter. Bank of America Corp DE lifted its stake in Hanover Bancorp by 68.6% during the third quarter. Bank of America Corp DE now owns 2,463 shares of the company’s stock worth $55,000 after purchasing an additional 1,002 shares in the last quarter. Finally, Strs Ohio acquired a new position in Hanover Bancorp during the third quarter worth $36,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HNVR has been the subject of several recent analyst reports. Weiss Ratings upgraded Hanover Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Zacks Research cut Hanover Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Finally, Piper Sandler decreased their price objective on Hanover Bancorp from $27.00 to $26.50 and set an “overweight” rating on the stock in a report on Friday, January 30th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.33.

Get Our Latest Analysis on Hanover Bancorp

Hanover Bancorp Company Profile

(Get Free Report)

Hanover Bancorp, Inc is the bank holding company for The Hanover National Bank, a regional financial institution headquartered in Syracuse, New York. Through its subsidiary, the company provides a full range of commercial and retail banking services, with an emphasis on relationship-driven client support and community engagement.

Key offerings include deposit products such as checking, savings, and certificates of deposit, as well as commercial and consumer lending solutions. The bank also offers treasury management services, residential mortgage origination, and investment advisory services to meet the diverse needs of individuals, small businesses, and municipalities within its market area.

Operating primarily in Central and Upstate New York, Hanover Bancorp maintains a network of branches and loan production offices designed to serve local communities.