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HNVR 
Hanover Bancorp Inc (HNVR)
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Upturn Advisory Summary
12/02/2025: 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 -7.5% | Avg. Invested days 30 | 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 12/02/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 162.77M USD | Price to earnings Ratio 14.84 | 1Y Target Price 23.83 |
Price to earnings Ratio 14.84 | 1Y Target Price 23.83 | ||
Volume (30-day avg) 2 | Beta 0.06 | 52 Weeks Range 17.17 - 26.67 | Updated Date 12/2/2025 |
52 Weeks Range 17.17 - 26.67 | Updated Date 12/2/2025 | ||
Dividends yield (FY) 1.76% | Basic EPS (TTM) 1.52 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.69% | Operating Margin (TTM) 30% |
Management Effectiveness
Return on Assets (TTM) 0.49% | Return on Equity (TTM) 5.76% |
Valuation
Trailing PE 14.84 | Forward PE - | Enterprise Value 137468320 | Price to Sales(TTM) 2.39 |
Enterprise Value 137468320 | Price to Sales(TTM) 2.39 | ||
Enterprise Value to Revenue 4.18 | Enterprise Value to EBITDA - | Shares Outstanding 7192390 | Shares Floating 3972645 |
Shares Outstanding 7192390 | Shares Floating 3972645 | ||
Percent Insiders 31.03 | Percent Institutions 36.54 |
Upturn AI SWOT
Hanover Bancorp Inc
Company Overview
History and Background
Hanover Bancorp, Inc. (HNVR) is a bank holding company. It was founded in 2009. Hanover Community Bank, its main subsidiary, operates primarily in the New York metropolitan area, offering a range of banking services.
Core Business Areas
- Commercial Lending: Provides loans to businesses for various purposes, including real estate, working capital, and equipment financing.
- Retail Banking: Offers deposit accounts, personal loans, and other banking services to individuals and families.
- Real Estate Lending: Focuses on loans secured by real estate, including commercial and residential properties.
Leadership and Structure
Michael P. Puorro is the Chairman, President and CEO. The bank has a typical hierarchical organizational structure for a community bank, with various departments reporting to senior management.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Loans for commercial properties. Market share data is difficult to ascertain with precision for a specific community bank in a large market like NY. Competitors include larger national and regional banks.
- Business Loans: Loans for small and medium-sized businesses. Market share data unavailable. Competitors include other community banks and credit unions, along with national banks.
- Deposit Accounts: Checking, savings, and money market accounts for individuals and businesses. Market share data unavailable. Competitors include all other banks in the region.
Market Dynamics
Industry Overview
The banking industry is currently facing pressures from rising interest rates, increasing competition from fintech companies, and regulatory changes. Community banks face consolidation pressures.
Positioning
Hanover Bancorp operates as a community bank, focusing on building relationships with local businesses and residents. It competes with larger banks and smaller institutions.
Total Addressable Market (TAM)
The TAM for banking services in the New York metropolitan area is substantial, estimated to be in the billions of dollars. Hanover Bancorp's market share is a small fraction of this, and its strategy involves targeted local growth within this large TAM.
Upturn SWOT Analysis
Strengths
- Strong local presence in the New York metropolitan area
- Experienced management team
- Focus on relationship banking
Weaknesses
- Limited geographic reach compared to larger banks
- Relatively small asset base
- Higher cost structure compared to larger banks
Opportunities
- Expansion into new markets within the New York metropolitan area
- Increased adoption of digital banking technologies
- Acquisition of smaller banks or branches
Threats
- Increased competition from larger banks and fintech companies
- Rising interest rates
- Economic downturn
Competitors and Market Share
Key Competitors
- JPM
- BAC
- C
- MTB
Competitive Landscape
Hanover Bancorp competes primarily on service and local knowledge. It is disadvantaged by scale compared to larger banks but has advantages in personalized service.
Growth Trajectory and Initiatives
Historical Growth: Historical growth requires accessing specific financial statements which fluctuate regularly. Please consult investor relations or a financial data provider for most up-to-date information.
Future Projections: Future Projections are based on analyst estimates which are subject to change.
Recent Initiatives: Recent initiatives require accessing the company website, press releases, and financial statements.
Summary
Hanover Bancorp, as a community bank, faces both opportunities and challenges. Its strong local presence and relationship-based approach are advantages, but it must contend with larger competitors and adapt to technological changes. Maintaining strong asset quality and managing expenses will be crucial for future success. Hanover Bancorp must focus on efficiently capturing and growing a loyal client base to continue growing revenues.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Market Data Providers
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data and other financial information are based on estimates and may vary. Consult with a financial advisor before making any investment decisions.
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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