Hanover Bancorp Return On Equity vs. Return On Asset
| HNVR Stock | USD 23.74 1.73 6.79% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.0734 | Current Value 0.068 | Quarterly Volatility 0.02292759 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.76 | 0.86 |
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| Net Profit Margin | 0.22 | 0.23 |
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| Operating Profit Margin | 0.27 | 0.29 |
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| Pretax Profit Margin | 0.29 | 0.3 |
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| Return On Assets | 0.0059 | 0.0063 |
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| Return On Equity | 0.068 | 0.0734 |
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For Hanover Bancorp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hanover Bancorp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hanover Bancorp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hanover Bancorp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hanover Bancorp over time as well as its relative position and ranking within its peers.
Hanover |
Hanover Bancorp's Revenue Breakdown by Earning Segment
Check out Risk vs Return Analysis.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hanover Bancorp. If investors know Hanover will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hanover Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Earnings Share 1.84 | Revenue Per Share 1.103 | Quarterly Revenue Growth 0.123 | Return On Assets 0.0066 |
The market value of Hanover Bancorp is measured differently than its book value, which is the value of Hanover that is recorded on the company's balance sheet. Investors also form their own opinion of Hanover Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Hanover Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hanover Bancorp's market value can be influenced by many factors that don't directly affect Hanover Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hanover Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanover Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanover Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hanover Bancorp Return On Asset vs. Return On Equity Fundamental Analysis
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. 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 Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Hanover Bancorp |
| = | 0.078 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Hanover Bancorp |
| = | 0.0066 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Hanover Return On Asset Comparison
Hanover Bancorp is currently under evaluation in return on asset category among its peers.
Hanover Bancorp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hanover Bancorp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hanover Bancorp will eventually generate negative long term returns. The profitability progress is the general direction of Hanover Bancorp's change in net profit over the period of time. It can combine multiple indicators of Hanover Bancorp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -1.2 M | -1.1 M | |
| Net Income Applicable To Common Shares | 27.1 M | 28.4 M | |
| Income Tax Expense | 5.8 M | 3.8 M | |
| Operating Income | 2 M | 1.9 M | |
| Income Before Tax | 23.2 M | 17.9 M | |
| Total Other Income Expense Net | 21.2 M | 22.2 M | |
| Net Income | 17.4 M | 12.3 M | |
| Net Interest Income | 62.7 M | 50.8 M | |
| Interest Income | 120.8 M | 72.1 M | |
| Net Income From Continuing Ops | 17.4 M | 15 M | |
| Change To Netincome | 3.2 M | 3.4 M | |
| Net Income Per Share | 1.94 | 1.44 | |
| Income Quality | 0.97 | 0.71 | |
| Net Income Per E B T | 0.68 | 0.58 |
Hanover Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hanover Bancorp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hanover Bancorp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hanover Bancorp's important profitability drivers and their relationship over time.
Use Hanover Bancorp in pair-trading
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.Hanover Bancorp Pair Trading
Hanover Bancorp Pair Trading Analysis
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.Use Investing Themes to Complement your Hanover Bancorp position
In addition to having Hanover Bancorp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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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.