Hanover Bancorp, Inc. (NASDAQ:HNVR) Director Elena Sisti Acquires 2,000 Shares

Hanover Bancorp, Inc. (NASDAQ:HNVR) Director Elena Sisti acquired 2,000 shares of Hanover Bancorp stock in a transaction dated Monday, April 22nd. The shares were acquired at an average price of $16.95 per share, with a total value of $33,900.00. Following the transaction, the director now owns 101,878 shares in the company, valued at approximately $1,726,832.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Hanover Bancorp Stock Performance

Shares of HNVR opened at $16.90 on Wednesday. Hanover Bancorp, Inc. has a one year low of $13.62 and a one year high of $18.91. The company has a 50-day moving average of $15.74 and a two-hundred day moving average of $17.03. The stock has a market cap of $122.17 million, a price-to-earnings ratio of 8.62 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.

Hanover Bancorp (NASDAQ:HNVR) last announced its earnings results on Wednesday, January 24th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.34 by $0.20. Hanover Bancorp had a net margin of 10.82% and a return on equity of 7.69%. The company had revenue of $15.91 million during the quarter, compared to analysts’ expectations of $14.40 million. On average, equities research analysts expect that Hanover Bancorp, Inc. will post 2.04 earnings per share for the current year.

Hanover Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, May 7th. Hanover Bancorp’s payout ratio is 20.41%.

Analyst Ratings Changes

HNVR has been the subject of several research reports. TheStreet upgraded shares of Hanover Bancorp from a “d+” rating to a “c-” rating in a research report on Wednesday, January 3rd. Piper Sandler raised their price objective on shares of Hanover Bancorp from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th.

About Hanover Bancorp

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.