Hanover Bancorp, Inc. Announces Quarterly Dividend of $0.10 (NASDAQ:HNVR)

Posted by Geri Gentry on Jul 24th, 2026

Hanover Bancorp, Inc. (NASDAQ:HNVR – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be given a dividend of 0.10 per share on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, August 6th.

Hanover Bancorp has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hanover Bancorp to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 13.8%.

Hanover Bancorp Trading Up 1.0%

NASDAQ HNVR opened at $24.79 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.05. Hanover Bancorp has a one year low of $19.91 and a one year high of $25.61. The company has a 50-day simple moving average of $23.57 and a 200-day simple moving average of $22.78. The firm has a market capitalization of $177.50 million, a PE ratio of 23.61 and a beta of 0.11.

Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $19.57 million for the quarter, compared to analysts’ expectations of $19.83 million. Hanover Bancorp had a net margin of 5.53% and a return on equity of 5.09%. On average, equities analysts forecast that Hanover Bancorp will post 2.41 earnings per share for the current year.

Insiders Place Their Bets

In other Hanover Bancorp news, Director Robert Golden sold 1,295 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $23.53, for a total transaction of $30,471.35. Following the completion of the transaction, the director owned 31,702 shares in the company, valued at approximately $745,948.06. The trade was a 3.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 4,566 shares of company stock worth $105,240. 24.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its position in shares of Hanover Bancorp by 59.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,531 shares of the company’s stock worth $128,000 after buying an additional 2,072 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Hanover Bancorp by 68.6% in the third quarter. Bank of America Corp DE now owns 2,463 shares of the company’s stock valued at $55,000 after acquiring an additional 1,002 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Hanover Bancorp in the third quarter valued at approximately $71,000. JPMorgan Chase & Co. increased its stake in shares of Hanover Bancorp by 23.5% during the third quarter. JPMorgan Chase & Co. now owns 2,776 shares of the company’s stock valued at $62,000 after acquiring an additional 529 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Hanover Bancorp during the second quarter valued at approximately $59,000. 15.02% of the stock is owned by institutional investors and hedge funds.

About Hanover Bancorp

(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.