Insider Buying: Hanover Bancorp (NASDAQ:HNVR) President Purchases 10,000 Shares

Posted by Brenda Bartman on Aug 3rd, 2026

Hanover Bancorp, Inc. (NASDAQ:HNVR – Get Free Report) President Kevin O’connor acquired 10,000 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was acquired at an average price of $26.88 per share, with a total value of $268,800.00. Following the transaction, the president owned 12,300 shares in the company, valued at approximately $330,624. The trade was a 434.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hanover Bancorp Price Performance

Hanover Bancorp stock traded up $0.16 on Monday, reaching $26.41. The company’s stock had a trading volume of 67,217 shares, compared to its average volume of 33,661. The business’s fifty day moving average price is $23.95 and its 200 day moving average price is $22.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $189.10 million, a price-to-earnings ratio of 20.80 and a beta of 0.09. Hanover Bancorp, Inc. has a twelve month low of $19.91 and a twelve month high of $27.08.

Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Hanover Bancorp had a return on equity of 6.01% and a net margin of 6.71%.The company had revenue of $19.57 million during the quarter, compared to analyst estimates of $19.83 million. Equities analysts expect that Hanover Bancorp, Inc. will post 2.4 earnings per share for the current fiscal year.

Hanover Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. Hanover Bancorp’s dividend payout ratio is currently 31.50%.

Hedge Funds Weigh In On Hanover Bancorp

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in Hanover Bancorp by 219.9% in 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 during the period. Bank of America Corp DE lifted its position in Hanover Bancorp by 3,744.7% during the 2nd quarter. Bank of America Corp DE now owns 1,461 shares of the company’s stock valued at $33,000 after purchasing an additional 1,423 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Hanover Bancorp in the 2nd quarter valued at about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Hanover Bancorp in the 2nd quarter valued at about $59,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Hanover Bancorp during the 3rd quarter worth approximately $71,000. Institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

HNVR has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Hanover Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Research raised shares of Hanover Bancorp to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of Hanover Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Finally, Piper Sandler boosted their price objective on shares of Hanover Bancorp from $26.50 to $28.50 and gave the stock an “overweight” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.25.

Check Out Our Latest Stock Analysis on Hanover Bancorp

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.