Is Hanover Bancorp Stock a Good Investment?
Hanover Bancorp Investment Advice | HNVR |
- Examine Hanover Bancorp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Hanover Bancorp's leadership team and their track record. Good management can help Hanover Bancorp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Regional Banks space and any emerging trends that could impact Hanover Bancorp's business and its evolving consumer preferences.
- Compare Hanover Bancorp's performance and market position to its competitors. Analyze how Hanover Bancorp is positioned in terms of product offerings, innovation, and market share.
- Check if Hanover Bancorp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Hanover Bancorp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Hanover Bancorp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Hanover Bancorp is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Hanover Bancorp Stock
Researching Hanover Bancorp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 31.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.9. Some equities with similar Price to Book (P/B) outperform the market in the long run. Hanover Bancorp last dividend was issued on the 6th of November 2024.
To determine if Hanover Bancorp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Hanover Bancorp's research are outlined below:
| Hanover Bancorp has a poor financial position based on the latest SEC disclosures | |
| About 31.0% of the company shares are held by company insiders | |
| On 13th of November 2024 Hanover Bancorp paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from investing.com: Hanover Bancorp director Robert Golden sells 63,750 in stock |
Hanover Bancorp Quarterly Good Will |
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Hanover Bancorp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Hanover Bancorp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Hanover Bancorp's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 25th of April 2024 Upcoming Quarterly Report | View | |
| 25th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 24th of October 2024 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 30th of September 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Hanover Bancorp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Hanover Bancorp's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-12-21 | 2024-09-30 | 0.43 | 0.48 | 0.05 | 11 | ||
2023-07-27 | 2023-06-30 | 0.33 | 0.42 | 0.09 | 27 | ||
2024-04-17 | 2024-03-31 | 0.45 | 0.55 | 0.1 | 22 | ||
2023-01-25 | 2022-12-31 | 0.82 | 0.72 | -0.1 | 12 | ||
2023-10-26 | 2023-09-30 | 0.37 | 0.48 | 0.11 | 29 | ||
2024-01-24 | 2023-12-31 | 0.34 | 0.51 | 0.17 | 50 | ||
2023-04-27 | 2023-03-31 | 0.65 | 0.43 | -0.22 | 33 | ||
2024-08-13 | 2024-06-30 | 0.48 | 0.11 | -0.37 | 77 |
Know Hanover Bancorp's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Hanover Bancorp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Hanover Bancorp backward and forwards among themselves. Hanover Bancorp's institutional investor refers to the entity that pools money to purchase Hanover Bancorp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Blackrock Inc | 2024-06-30 | 13.6 K | Citigroup Inc | 2024-09-30 | 1.5 K | Barclays Plc | 2024-09-30 | 823 | U.s. Bancorp | 2024-06-30 | 300 | Capital Advisors, Ltd. Llc | 2024-09-30 | 100.0 | Bank Of America Corp | 2024-09-30 | 37.0 | Wells Fargo & Co | 2024-09-30 | 1.0 | Royal Bank Of Canada | 2024-09-30 | 0.0 | Tower Research Capital Llc | 2024-09-30 | 0.0 | Alliancebernstein L.p. | 2024-09-30 | 566.4 K | Banc Funds Co Llc | 2024-09-30 | 228.4 K |
Hanover Bancorp's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 169.8 M.Market Cap |
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Hanover Bancorp's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.02 | 0.01 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.07 | 0.07 |
Determining Hanover Bancorp's profitability involves analyzing its financial statements and using various financial metrics to determine if Hanover Bancorp is a good buy. For example, gross profit margin measures Hanover Bancorp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Hanover Bancorp's profitability and make more informed investment decisions.
Evaluate Hanover Bancorp's management efficiency
As of 12/22/2024, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.01. At this time, Hanover Bancorp's Other Current Assets are relatively stable compared to the past year. As of 12/22/2024, Total Current Assets is likely to grow to about 486.6 M, though Other Assets are likely to grow to (178.3 M). Hanover Bancorp's management efficiency ratios could be used to measure how well Hanover Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 30.36 | 28.85 | |
| Tangible Book Value Per Share | 26.45 | 25.13 | |
| Enterprise Value Over EBITDA | 2.58 | 2.71 | |
| Price Book Value Ratio | 0.79 | 1.23 | |
| Enterprise Value Multiple | 2.58 | 2.71 | |
| Price Fair Value | 0.79 | 1.23 | |
| Enterprise Value | 135.6 M | 96.4 M |
The leadership approach at Hanover Bancorp's fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Dividend Yield 0.0169 | Forward Dividend Yield 0.0169 | Forward Dividend Rate 0.4 | Beta (0.26) |
Basic technical analysis of Hanover Stock
As of the 22nd of December, Hanover Bancorp retains the Downside Deviation of 2.59, risk adjusted performance of 0.1536, and Market Risk Adjusted Performance of 1.24. Hanover Bancorp technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Hanover Bancorp coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Hanover Bancorp is priced fairly, providing market reflects its last-minute price of 23.74 per share. Given that Hanover Bancorp has jensen alpha of 0.4207, we strongly advise you to confirm Hanover Bancorp's regular market performance to make sure the company can sustain itself at a future point.Hanover Bancorp's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Hanover Bancorp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Hanover Bancorp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Hanover Bancorp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Hanover Bancorp's Outstanding Corporate Bonds
Hanover Bancorp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Hanover Bancorp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Hanover bonds can be classified according to their maturity, which is the date when Hanover Bancorp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Understand Hanover Bancorp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Hanover Bancorp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1536 | |||
| Market Risk Adjusted Performance | 1.24 | |||
| Mean Deviation | 1.52 | |||
| Semi Deviation | 1.89 | |||
| Downside Deviation | 2.59 | |||
| Coefficient Of Variation | 538.94 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.58 | |||
| Information Ratio | 0.1719 | |||
| Jensen Alpha | 0.4207 | |||
| Total Risk Alpha | 0.3623 | |||
| Sortino Ratio | 0.157 | |||
| Treynor Ratio | 1.23 | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 3.87 | |||
| Downside Variance | 6.69 | |||
| Semi Variance | 3.58 | |||
| Expected Short fall | (1.63) | |||
| Skewness | (0.07) | |||
| Kurtosis | 5.37 |
| Risk Adjusted Performance | 0.1536 | |||
| Market Risk Adjusted Performance | 1.24 | |||
| Mean Deviation | 1.52 | |||
| Semi Deviation | 1.89 | |||
| Downside Deviation | 2.59 | |||
| Coefficient Of Variation | 538.94 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.58 | |||
| Information Ratio | 0.1719 | |||
| Jensen Alpha | 0.4207 | |||
| Total Risk Alpha | 0.3623 | |||
| Sortino Ratio | 0.157 | |||
| Treynor Ratio | 1.23 | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 3.87 | |||
| Downside Variance | 6.69 | |||
| Semi Variance | 3.58 | |||
| Expected Short fall | (1.63) | |||
| Skewness | (0.07) | |||
| Kurtosis | 5.37 |
Consider Hanover Bancorp's intraday indicators
Hanover Bancorp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Hanover Bancorp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Hanover Bancorp Corporate Filings
F4 | 11th of December 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 15th of November 2024 Other Reports | ViewVerify | |
10Q | 13th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 23rd of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Hanover Stock media impact
Far too much social signal, news, headlines, and media speculation about Hanover Bancorp that are available to investors today. That information is available publicly through Hanover media outlets and privately through word of mouth or via Hanover internal channels. However, regardless of the origin, that massive amount of Hanover data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Hanover Bancorp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Hanover Bancorp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Hanover Bancorp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Hanover Bancorp alpha.
Hanover Bancorp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Hanover Bancorp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Hanover Bancorp Corporate Management
| Michael Locorriere | Executive Officer | Profile | |
| Michael CPA | CEO Chairman | Profile | |
| Brian Finneran | President | Profile | |
| Lisa Dilorio | First Officer | Profile |
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.