Hanover Bancorp Financials

HNVR Stock  USD 23.74  1.73  6.79%   
Based on the analysis of Hanover Bancorp's profitability, liquidity, and operating efficiency, Hanover Bancorp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in January. At this time, Hanover Bancorp's Total Current Liabilities is relatively stable compared to the past year. As of 12/22/2024, Other Current Assets is likely to grow to about 249.7 M, while Net Tangible Assets are likely to drop slightly above 100.6 M. Key indicators impacting Hanover Bancorp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.220.23
Sufficiently Down
Pretty Stable
Return On Assets0.00590.0063
Significantly Down
Slightly volatile
Return On Equity0.0680.0734
Significantly Down
Slightly volatile
Debt Equity Ratio1.650.85
Way Up
Slightly volatile
Operating Income1.9 MM
Notably Down
Pretty Stable
Current Ratio0.380.4
Notably Down
Slightly volatile
The financial analysis of Hanover Bancorp is a critical element in measuring its lifeblood. Investors should not minimize Hanover Bancorp's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

13.78 Million

  
Understanding current and past Hanover Bancorp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Hanover Bancorp's financial statements are interrelated, with each one affecting the others. For example, an increase in Hanover Bancorp's assets may result in an increase in income on the income statement.

Hanover Bancorp Stock Summary

Hanover Bancorp competes with Home Federal, First Northwest, Community West, HomeTrust Bancshares, and Lake Shore. 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 in the New York metro area. The company was founded in 2008 and is headquartered in Mineola, New York. Hanover Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 136 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS4107102067
CUSIP410710206
LocationNew York; U.S.A
Business Address80 East Jericho
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.hanoverbank.com
Phone516 548 8500
CurrencyUSD - US Dollar

Hanover Bancorp Key Financial Ratios

Hanover Bancorp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Other Liab10.3M8.3M12.0M13.0M15.0M10.7M
Net Tangible Assets70.5M76.1M102.9M153.4M176.4M100.6M
Accounts Payable374K1.3M915K1.8M1.6M1.6M
Other Assets725.6M1.3B1.6B(208.5M)(187.6M)(178.3M)
Other Current Assets91.6M180.1M3.4M206.8M237.8M249.7M
Total Current Assets93.0M168.4M162.2M403.0M463.4M486.6M
Total Assets851.6M1.5B1.8B2.1B2.5B1.6B
Other Current Liab(374K)(1.3M)(3.4M)(1.8M)(1.6M)(1.6M)
Net Debt19.9M32.9M(23.6M)22.7M20.5M12.8M
Retained Earnings14.1M25.0M46.5M58.7M67.5M33.7M
Cash80.2M151.3M149.9M192.1M220.9M145.5M
Total Liab773.6M1.4B1.7B2.0B2.3B1.4B

Hanover Bancorp Key Income Statement Accounts

The reason investors look at the income statement is to determine what Hanover Bancorp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense13.0M7.0M7.2M50.6M58.1M61.0M
Income Tax Expense1.2M3.2M6.9M5.0M5.8M3.8M
Total Revenue28.5M45.1M70.7M63.3M72.8M54.3M
Gross Profit28.5M45.1M70.7M57.0M65.5M52.9M
Operating Income6.2M14.1M37.7M1.8M2.0M1.9M
Ebit5.3M14.1M37.7M1.8M2.0M1.9M
Ebitda6.6M15.5M39.4M1.8M2.0M1.9M
Income Before Tax6.2M14.1M30.5M20.2M23.2M17.9M
Net Income5.0M10.9M23.6M15.2M17.4M13.8M

Hanover Bancorp Key Cash Accounts

201920202021202220232024 (projected)
Investments(3.7M)978K(370.5M)(256.4M)(230.7M)(219.2M)
Change In Cash(7.6M)86.3M(16.6M)42.7M38.4M29.8M
Depreciation1.3M1.5M1.7M3.4M3.9M4.1M
Capital Expenditures1.1M2.1M1.1M3.4M3.9M2.0M
Net Income5.0M10.9M23.6M15.2M17.4M12.3M
Free Cash Flow(527K)11.1M23.9M16.4M18.9M12.6M
Other Non Cash Items166K(3.8M)(3.8M)(5.3M)(4.7M)(4.5M)
End Period Cash Flow80.2M166.5M149.9M192.6M221.5M149.0M

Hanover Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Hanover Bancorp's current stock value. Our valuation model uses many indicators to compare Hanover Bancorp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Hanover Bancorp competition to find correlations between indicators driving Hanover Bancorp's intrinsic value. More Info.
Hanover Bancorp is rated # 2 in return on equity category among its peers. It also is rated # 2 in return on asset category among its peers reporting about  0.08  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Hanover Bancorp is roughly  11.82 . At this time, Hanover Bancorp's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Hanover Bancorp by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Hanover Bancorp Systematic Risk

Hanover Bancorp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Hanover Bancorp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Hanover Bancorp correlated with the market. If Beta is less than 0 Hanover Bancorp generally moves in the opposite direction as compared to the market. If Hanover Bancorp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Hanover Bancorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Hanover Bancorp is generally in the same direction as the market. If Beta > 1 Hanover Bancorp moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Hanover Bancorp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Hanover Bancorp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Hanover Bancorp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.21)

At this time, Hanover Bancorp's Price Earnings To Growth Ratio is relatively stable compared to the past year.

Hanover Bancorp December 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Hanover Bancorp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Hanover Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hanover Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing Hanover Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hanover Bancorp's daily price indicators and compare them against related drivers.

Additional Tools for Hanover Stock Analysis

When running Hanover Bancorp's price analysis, check to measure Hanover Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanover Bancorp is operating at the current time. Most of Hanover Bancorp's value examination focuses on studying past and present price action to predict the probability of Hanover Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Bancorp's price. Additionally, you may evaluate how the addition of Hanover Bancorp to your portfolios can decrease your overall portfolio volatility.