Hanover Historical Financial Ratios

HNVR Stock

USD 23.74 1.73 6.79%

Hanover Bancorp is recently reporting on over 96 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.23 or Days Sales Outstanding of 55.41 will help investors to properly organize and evaluate Hanover Bancorp financial condition quickly.

Quick Ratio Current Ratio

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanover Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Hanover Stock, please use our How to Invest in Hanover Bancorp guide.

About Hanover Financial Ratios Analysis

Hanover BancorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Hanover Bancorp investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Hanover financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Hanover Bancorp history.

Hanover Bancorp Financial Ratios Chart

At this time, Hanover Bancorp's Interest Debt Per Share is relatively stable compared to the past year. As of 12/22/2024, Debt To Assets is likely to grow to 0.14, while Days Sales Outstanding is likely to drop 55.41.

Price To Sales Ratio Dividend Yield Ptb Ratio Days Sales Outstanding Capex To Depreciation Ev To Operating Cash Flow

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Price To Sales Ratio

Price to Sales Ratio is figured by comparing Hanover Bancorp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Hanover Bancorp sales, a figure that is much harder to manipulate than other Hanover Bancorp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Dividend Yield

Dividend Yield is Hanover Bancorp dividend as a percentage of Hanover Bancorp stock price. Hanover Bancorp dividend yield is a measure of Hanover Bancorp stock productivity, which can be interpreted as interest rate earned on an Hanover Bancorp investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Ev To Operating Cash Flow

A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.

Most ratios from Hanover Bancorp's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Hanover Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanover Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Hanover Stock, please use our How to Invest in Hanover Bancorp guide.At this time, Hanover Bancorp's Interest Debt Per Share is relatively stable compared to the past year. As of 12/22/2024, Debt To Assets is likely to grow to 0.14, while Days Sales Outstanding is likely to drop 55.41.

	2022	2023	2024 (projected)
Dividend Yield	0.023	0.0207	0.0162
Price To Sales Ratio	2.13	1.91	1.82

Dividend Yield Price To Sales Ratio

Hanover Bancorp fundamentals Correlations

	Price To Sales Ratio	Dividend Yield	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Net Income Per Share	Payables Turnover	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Payout Ratio	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding	Income Quality	Roe	Ev To Operating Cash Flow	Pe Ratio
Price To Sales Ratio		-0.12	-0.34	1.0	-0.18	0.79	0.72	-0.43	-0.34	0.99	0.77	0.84	0.7	0.15	0.99	0.23	-0.12	0.43	-0.17	-0.17	0.05	0.15	0.16	0.69	-0.13	-0.35
Dividend Yield	-0.12		-0.51	-0.09	-0.3	0.14	0.12	-0.39	-0.51	-0.17	0.06	0.18	0.27	0.08	-0.05	0.47	-0.09	-0.47	0.91	-0.06	0.06	0.09	0.21	0.07	-0.1	-0.41
Ptb Ratio	-0.34	-0.51		-0.41	0.76	-0.48	-0.42	0.85	1.0	-0.21	-0.41	-0.72	-0.87	0.21	-0.45	-0.95	-0.07	0.52	-0.57	-0.09	0.17	0.21	-0.03	-0.65	-0.06	0.95
Days Sales Outstanding	1.0	-0.09	-0.41		-0.25	0.8	0.72	-0.48	-0.41	0.97	0.77	0.88	0.75	0.12	1.0	0.3	-0.1	0.38	-0.14	-0.15	0.03	0.12	0.14	0.74	-0.12	-0.42
Book Value Per Share	-0.18	-0.3	0.76	-0.25		-0.21	-0.14	0.79	0.76	-0.04	-0.14	-0.59	-0.68	0.35	-0.28	-0.78	-0.28	0.62	-0.43	-0.3	0.35	0.35	0.24	-0.55	-0.26	0.78
Free Cash Flow Yield	0.79	0.14	-0.48	0.8	-0.21		0.99	-0.34	-0.48	0.76	0.99	0.8	0.78	0.0	0.81	0.44	-0.61	0.31	0.13	-0.64	0.53	0.0	0.65	0.71	-0.63	-0.5
Operating Cash Flow Per Share	0.72	0.12	-0.42	0.72	-0.14	0.99		-0.22	-0.42	0.7	1.0	0.72	0.72	0.06	0.74	0.41	-0.69	0.37	0.09	-0.72	0.62	0.06	0.75	0.67	-0.7	-0.45
Capex To Depreciation	-0.43	-0.39	0.85	-0.48	0.79	-0.34	-0.22		0.85	-0.32	-0.24	-0.67	-0.74	0.3	-0.52	-0.76	-0.38	0.61	-0.49	-0.39	0.47	0.3	0.33	-0.46	-0.36	0.75
Pb Ratio	-0.34	-0.51	1.0	-0.41	0.76	-0.48	-0.42	0.85		-0.21	-0.41	-0.72	-0.87	0.21	-0.45	-0.95	-0.07	0.52	-0.57	-0.09	0.17	0.21	-0.03	-0.65	-0.06	0.95
Ev To Sales	0.99	-0.17	-0.21	0.97	-0.04	0.76	0.7	-0.32	-0.21		0.75	0.76	0.6	0.22	0.96	0.1	-0.15	0.54	-0.25	-0.21	0.09	0.22	0.19	0.62	-0.16	-0.23
Free Cash Flow Per Share	0.77	0.06	-0.41	0.77	-0.14	0.99	1.0	-0.24	-0.41	0.75		0.75	0.73	0.04	0.79	0.39	-0.65	0.39	0.04	-0.68	0.58	0.04	0.7	0.69	-0.66	-0.44
Roic	0.84	0.18	-0.72	0.88	-0.59	0.8	0.72	-0.67	-0.72	0.76	0.75		0.95	-0.03	0.89	0.64	-0.12	0.07	0.19	-0.15	0.03	-0.03	0.17	0.92	-0.14	-0.78
Net Income Per Share	0.7	0.27	-0.87	0.75	-0.68	0.78	0.72	-0.74	-0.87	0.6	0.73	0.95		-0.08	0.78	0.83	-0.12	-0.11	0.28	-0.14	0.02	-0.07	0.22	0.91	-0.14	-0.9
Payables Turnover	0.15	0.08	0.21	0.12	0.35	0.0	0.06	0.3	0.21	0.22	0.04	-0.03	-0.08		0.08	-0.11	0.11	0.58	-0.34	0.06	-0.08	1.0	0.21	0.09	0.12	0.21
Capex To Revenue	0.99	-0.05	-0.45	1.0	-0.28	0.81	0.74	-0.52	-0.45	0.96	0.79	0.89	0.78	0.08		0.33	-0.12	0.33	-0.08	-0.16	0.04	0.08	0.15	0.75	-0.13	-0.46
Cash Per Share	0.23	0.47	-0.95	0.3	-0.78	0.44	0.41	-0.76	-0.95	0.1	0.39	0.64	0.83	-0.11	0.33		0.05	-0.51	0.49	0.07	-0.14	-0.11	0.12	0.64	0.04	-0.93
Pocfratio	-0.12	-0.09	-0.07	-0.1	-0.28	-0.61	-0.69	-0.38	-0.07	-0.15	-0.65	-0.12	-0.12	0.11	-0.12	0.05		-0.39	-0.13	1.0	-0.99	0.11	-0.92	-0.17	1.0	-0.01
Interest Coverage	0.43	-0.47	0.52	0.38	0.62	0.31	0.37	0.61	0.52	0.54	0.39	0.07	-0.11	0.58	0.33	-0.51	-0.39		-0.68	-0.45	0.43	0.57	0.44	0.18	-0.38	0.41
Payout Ratio	-0.17	0.91	-0.57	-0.14	-0.43	0.13	0.09	-0.49	-0.57	-0.25	0.04	0.19	0.28	-0.34	-0.08	0.49	-0.13	-0.68		-0.08	0.09	-0.33	0.11	0.03	-0.14	-0.47
Capex To Operating Cash Flow	-0.17	-0.06	-0.09	-0.15	-0.3	-0.64	-0.72	-0.39	-0.09	-0.21	-0.68	-0.15	-0.14	0.06	-0.16	0.07	1.0	-0.45	-0.08		-0.99	0.06	-0.93	-0.2	1.0	-0.02
Pfcf Ratio	0.05	0.06	0.17	0.03	0.35	0.53	0.62	0.47	0.17	0.09	0.58	0.03	0.02	-0.08	0.04	-0.14	-0.99	0.43	0.09	-0.99		-0.08	0.91	0.1	-0.99	0.09
Days Payables Outstanding	0.15	0.09	0.21	0.12	0.35	0.0	0.06	0.3	0.21	0.22	0.04	-0.03	-0.07	1.0	0.08	-0.11	0.11	0.57	-0.33	0.06	-0.08		0.21	0.09	0.12	0.21
Income Quality	0.16	0.21	-0.03	0.14	0.24	0.65	0.75	0.33	-0.03	0.19	0.7	0.17	0.22	0.21	0.15	0.12	-0.92	0.44	0.11	-0.93	0.91	0.21		0.26	-0.92	-0.08
Roe	0.69	0.07	-0.65	0.74	-0.55	0.71	0.67	-0.46	-0.65	0.62	0.69	0.92	0.91	0.09	0.75	0.64	-0.17	0.18	0.03	-0.2	0.1	0.09	0.26		-0.19	-0.79
Ev To Operating Cash Flow	-0.13	-0.1	-0.06	-0.12	-0.26	-0.63	-0.7	-0.36	-0.06	-0.16	-0.66	-0.14	-0.14	0.12	-0.13	0.04	1.0	-0.38	-0.14	1.0	-0.99	0.12	-0.92	-0.19		0.01
Pe Ratio	-0.35	-0.41	0.95	-0.42	0.78	-0.5	-0.45	0.75	0.95	-0.23	-0.44	-0.78	-0.9	0.21	-0.46	-0.93	-0.01	0.41	-0.47	-0.02	0.09	0.21	-0.08	-0.79	0.01

Click cells to compare fundamentals

Hanover Bancorp Account Relationship Matchups

Hanover Bancorp fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	3.1	2.19	68.33	2.13	1.91	1.82
Ptb Ratio	1.23	1.13	0.8	0.67	0.69	0.79
Book Value Per Share	18.65	26.24	28.46	26.4	30.36	28.85
Free Cash Flow Yield	(0.005967)	0.11	0.21	0.1	0.0918	0.0781
Operating Cash Flow Per Share	0.14	2.83	4.13	2.33	2.1	1.81
Stock Based Compensation To Revenue	0.0269	0.02	0.99	0.0312	0.0281	0.0267
Capex To Depreciation	0.81	1.41	0.64	0.98	1.12	1.32
Pb Ratio	1.23	1.13	0.8	0.67	0.69	0.79
Ev To Sales	3.8	2.92	54.41	2.51	2.26	2.15
Roic	0.0279	0.0354	0.0974	0.0447	0.0403	0.0322
Net Income Per Share	1.19	2.32	3.88	2.15	1.94	1.44
Sales General And Administrative To Revenue	0.42	0.36	12.55	0.0851	0.0766	0.0727
Capex To Revenue	0.0384	0.0461	0.66	0.0569	0.0512	0.0486
Cash Per Share	20.61	34.05	26.75	28.83	25.95	17.14
Pocfratio	156.03	7.47	4.63	7.77	8.93	8.48
Interest Coverage	0.48	2.02	5.25	0.38	0.44	0.42
Capex To Operating Cash Flow	1.93	0.16	0.0448	0.21	0.24	0.23
Pfcf Ratio	(167.58)	8.86	4.85	9.8	8.82	9.26
Income Quality	0.11	1.22	1.06	1.08	0.97	0.71
Roe	0.0637	0.0886	0.14	0.0816	0.0734	0.068
Ev To Operating Cash Flow	191.24	9.96	3.69	9.18	10.56	10.03
Pe Ratio	17.76	9.08	4.92	8.4	9.66	16.74
Return On Tangible Assets	0.005855	0.007426	0.0129	0.007134	0.006421	0.005969
Ev To Free Cash Flow	(205.4)	11.83	3.86	11.59	10.43	10.95
Earnings Yield	0.0915	0.0563	0.11	0.2	0.12	0.0717
Intangibles To Total Assets	0.00244	0.0157	0.0104	0.0112	0.01	0.006636
Net Debt To E B I T D A	(72.4)	2.53	3.03	(0.73)	(0.66)	(0.69)
Current Ratio	248.69	130.51	177.3	0.35	0.4	0.38
Tangible Book Value Per Share	18.15	21.24	25.3	23.0	26.45	25.13
Graham Number	22.33	37.04	49.87	35.77	32.19	22.52
Shareholders Equity Per Share	17.19	18.65	26.24	28.46	26.4	23.76
Debt To Equity	1.61	1.28	1.5	0.73	0.85	1.65
Capex Per Share	0.26	0.45	0.18	0.48	0.44	0.28
Graham Net Net	(173.95)	(275.47)	(247.13)	(248.93)	(286.27)	(300.58)
Revenue Per Share	6.81	9.65	0.28	8.51	7.66	4.87
Interest Debt Per Share	27.03	40.93	22.01	26.58	30.57	32.25
Debt To Assets	0.19	0.14	0.12	0.0687	0.0636	0.0731

Pair Trading with Hanover Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hanover Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hanover Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hanover Stock

0.79	AX	Axos Financial	Pair Corr
0.82	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.79	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Hanover Stock

0.87	CFG-PE	Citizens Financial	Pair Corr
0.84	TFC-PO	Truist Financial	Pair Corr
0.83	TFC-PR	Truist Financial	Pair Corr
0.69	NU	Nu Holdings	Pair Corr
0.59	WF	Woori Financial Group	Pair Corr

The ability to find closely correlated positions to Hanover Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanover Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hanover Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hanover Bancorp to buy it.

The correlation of Hanover Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hanover Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanover Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Hanover Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Hanover Historical Financial Ratios

About Hanover Financial Ratios Analysis

Hanover Bancorp Financial Ratios Chart

Price To Sales Ratio

Dividend Yield

Ptb Ratio

Capex To Depreciation

Ev To Operating Cash Flow

Hanover Bancorp fundamentals Correlations

Hanover Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hanover Bancorp fundamentals Accounts

Pair Trading with Hanover Bancorp

Moving together with Hanover Stock

Moving against Hanover Stock

Additional Tools for Hanover Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Days Sales Outstanding	+ 1.0	Price To Sales Ratio
Pb Ratio	+ 1.0	Ptb Ratio
Capex To Revenue	+ 1.0	Days Sales Outstanding
Free Cash Flow Per Share	+ 1.0	Operating Cash Flow Per Share
Days Payables Outstanding	+ 1.0	Payables Turnover
Capex To Operating Cash Flow	+ 1.0	Pocfratio

Ev To Operating Cash Flow	- 0.99	Pfcf Ratio
Pfcf Ratio	- 0.99	Capex To Operating Cash Flow
Pfcf Ratio	- 0.99	Pocfratio
Cash Per Share	- 0.95	Pb Ratio
Cash Per Share	- 0.95	Ptb Ratio
Income Quality	- 0.93	Capex To Operating Cash Flow