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Upturn AI SWOT - About
HNVR 
Hanover Bancorp Inc (HNVR)
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Upturn Advisory Summary
09/17/2025: HNVR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $23.83
1 Year Target Price $23.83
| 0 | Strong Buy |
| 1 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -4.46% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 160.75M USD | Price to earnings Ratio 14.56 | 1Y Target Price 23.83 |
Price to earnings Ratio 14.56 | 1Y Target Price 23.83 | ||
Volume (30-day avg) 2 | Beta 0.07 | 52 Weeks Range 17.24 - 26.79 | Updated Date 09/17/2025 |
52 Weeks Range 17.24 - 26.79 | Updated Date 09/17/2025 | ||
Dividends yield (FY) 1.78% | Basic EPS (TTM) 1.53 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.72% | Operating Margin (TTM) 23.43% |
Management Effectiveness
Return on Assets (TTM) 0.49% | Return on Equity (TTM) 5.86% |
Valuation
Trailing PE 14.56 | Forward PE - | Enterprise Value 146672528 | Price to Sales(TTM) 2.36 |
Enterprise Value 146672528 | Price to Sales(TTM) 2.36 | ||
Enterprise Value to Revenue 4.34 | Enterprise Value to EBITDA - | Shares Outstanding 7215190 | Shares Floating 4411947 |
Shares Outstanding 7215190 | Shares Floating 4411947 | ||
Percent Insiders 30.93 | Percent Institutions 34.34 |
Upturn AI SWOT
Hanover Bancorp Inc
Company Overview
History and Background
Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank, which provides a range of financial services. Founded in 2009, the bank focuses on serving the New York metropolitan area.
Core Business Areas
- Commercial Lending: Provides loans to small and medium-sized businesses, including commercial real estate loans, construction loans, and equipment financing.
- Retail Banking: Offers deposit accounts, including checking, savings, and money market accounts, as well as other personal banking services.
- SBA Lending: Participates in the Small Business Administration (SBA) lending programs to support small business growth.
Leadership and Structure
The leadership team includes the CEO, CFO, and other key executives responsible for overseeing the bank's operations. The organizational structure comprises various departments, including lending, retail banking, finance, and compliance.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Commercial real estate loans form a significant portion of Hanover's lending portfolio. Market share data is not widely publicized and hard to obtain. Competitors include larger regional and national banks, as well as other community banks, such as New York Community Bancorp and Sterling Bancorp.
- Description: Real estate
- Description: Business Loans
- Small Business Loans: Hanover provides loans to small businesses. Market share data is not publicly available. Competitors include other community banks and online lenders such as BankUnited and Customers Bancorp.
- Deposit Products: Hanover provides FDIC insured deposit accounts for consumers.
- Description: Deposit Accounts
Market Dynamics
Industry Overview
The banking industry is highly competitive, with increasing regulatory scrutiny and evolving customer expectations. Community banks face challenges from larger institutions and fintech companies. The industry is sensitive to interest rate changes and economic conditions.
Positioning
Hanover Bancorp Inc is a community bank focused on serving the New York metropolitan area. Its competitive advantages include local market knowledge and personalized customer service. It lacks the scale and resources of larger banks.
Total Addressable Market (TAM)
The TAM for banking services in the New York metropolitan area is estimated to be worth several hundred billion dollars. Hanover Bancorp Inc holds a small fraction of this market. It is positioned to capture a share of the regional banking market but faces competition from many larger banks.
Upturn SWOT Analysis
Strengths
- Strong local market knowledge
- Personalized customer service
- Experienced management team
- Strong credit quality
Weaknesses
- Limited scale and resources compared to larger banks
- Geographic concentration in the New York metropolitan area
- Reliance on commercial real estate lending
Opportunities
- Expand into new markets within the New York metropolitan area
- Increase penetration of existing markets
- Develop new products and services to meet customer needs
- Invest in technology to improve efficiency
Threats
- Competition from larger banks and fintech companies
- Rising interest rates
- Economic downturn in the New York metropolitan area
- Increased regulatory scrutiny
Competitors and Market Share
Key Competitors
- New York Community Bancorp (NYCB)
- Sterling Bancorp (no longer publicly traded, acquired by Webster Financial)
- Signature Bank (SBNY) (Closed by Regulators)
Competitive Landscape
Hanover Bancorp Inc operates in a highly competitive market dominated by larger institutions like NYCB. Hanover's competitive advantage lies in personalized service. However, its smaller size limits its ability to compete on price and product breadth. Sterling was acquired by Webster Financial, increasing its market presence.
Growth Trajectory and Initiatives
Historical Growth: Data not available
Future Projections: Data not available
Recent Initiatives: Data not available
Summary
Hanover Bancorp Inc is a community bank focused on serving the New York metropolitan area. The bank's strength lies in its strong local market knowledge and personalized service, but its limited scale and geographic concentration pose challenges. Competition from larger banks and the potential for economic downturns represent threats, while expanding into new markets and investing in technology offer opportunities. Data on financial performance is unavailable, limiting a comprehensive assessment.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- FDIC Website
- SEC Filings of Competitors
- Industry Reports
Disclaimers:
The information provided is based on publicly available data and is for informational purposes only. Market share data is estimated and may not be precise. Investment decisions should be based on thorough research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hanover Bancorp Inc
Exchange NASDAQ | Headquaters Mineola, NY, United States | ||
IPO Launch date 2022-05-11 | CEO & Chairman Mr. Michael P. Puorro CPA | ||
Sector Financial Services | Industry Banks - Regional | Full time employees - | Website https://www.hanoverbank.com |
Full time employees - | Website https://www.hanoverbank.com | ||
Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit. It also provides residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans. In addition, the company offers cards, cash management, and online and mobile banking services, as well as merchant, professional, and digital solutions. It operates banking offices in Kings, Nassau, Suffolk, New York, and Queens counties, New York; and Monmouth County, New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.
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