HNVR:NASDAQHanover Bancorp, Inc. Analysis

Hanover Bancorp is trading at $21.61, comfortably below its 20‑day, 50‑day and 200‑day moving averages, signaling a bearish technical backdrop. The stock’s price‑to‑book ratio of 0.79 and a DCF‑derived fair value of $27.06 suggest an upside of roughly 9%, while the current PE of 21.6 sits well above the industry average of 16.8. Fundamentally, the company posted a modest profit margin of 12% and a forward PE of 7.5, but revenue fell 29% YoY and the latest quarter missed earnings expectations by 4%.
Recent material news includes a $35 million subordinated note placement, bolstering capital, and a earnings surprise that underscored revenue pressure. The dividend yield of 1.85% with a 40% payout appears sustainable given strong cash balances and low leverage, offering an income cushion amid a volatile 30‑day price swing of 27%.