Hanover Bancorp (NASDAQ:HNVR) Stock Rating Upgraded by Wall Street Zen

Posted by Brian Himes on Oct 7th, 2026

Hanover Bancorp (NASDAQ:HNVR – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings upgraded Hanover Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Piper Sandler raised their price objective on Hanover Bancorp from $26.50 to $28.50 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Zacks Research raised Hanover Bancorp to a “hold” rating in a report on Monday, July 13th. Finally, Raymond James Financial initiated coverage on Hanover Bancorp in a research report on Wednesday, August 26th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $28.50.

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Hanover Bancorp Trading Down 1.1%

HNVR stock opened at $25.41 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day simple moving average is $26.75 and its 200 day simple moving average is $24.38. Hanover Bancorp has a 52 week low of $19.91 and a 52 week high of $27.94. The company has a market capitalization of $179.39 million, a PE ratio of 20.01 and a beta of 0.11.

Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Hanover Bancorp had a net margin of 6.71% and a return on equity of 6.00%. The business had revenue of $19.57 million during the quarter, compared to analysts’ expectations of $19.83 million. As a group, sell-side analysts anticipate that Hanover Bancorp will post 2.39 earnings per share for the current year.

Insider Transactions at Hanover Bancorp

In other Hanover Bancorp news, President Kevin O’Connor purchased 10,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was purchased at an average price of $26.88 per share, with a total value of $268,800.00. Following the completion of the purchase, the president owned 12,300 shares of the company’s stock, valued at approximately $330,624. The trade was a 434.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 24.38% of the company’s stock.

Institutional Trading of Hanover Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new stake in shares of Hanover Bancorp in the second quarter valued at about $3,026,000. Corient Private Wealth LP bought a new stake in Hanover Bancorp in the second quarter valued at approximately $985,000. Algert Global LLC acquired a new stake in Hanover Bancorp during the 2nd quarter valued at approximately $232,000. BlackRock Inc. bought a new position in Hanover Bancorp during the 2nd quarter worth approximately $6,620,000. Finally, Deutsche Bank AG bought a new position in Hanover Bancorp during the 2nd quarter worth approximately $101,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Hanover Bancorp Company Profile

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Hanover Bancorp, Inc was the holding company for Hanover Community Bank, a community-focused financial institution headquartered in Mineola, New York. The bank served individuals, small businesses and commercial customers in the New York metropolitan area, with a presence across Long Island and New York City.

Hanover Community Bank offered a range of banking products, including deposit accounts, residential and commercial real estate lending, multifamily loans, commercial and industrial financing, small-business loans, consumer lending and mortgage services.