HNVR

Hanover Bancorp Inc

HNVR.US hanoverbank.com + Research + Basket
CIK 0001828588
Employees 194
Phone 516 548 8500
Fiscal year end September
IPO May 11, 2022
Address 80 East Jericho Turnpike, Mineola, NY, United States, 11501
23.43
+0.46 (+2.00%)
USD · NASDAQ
52-week range
19.57
27.94
Trading at 46% of the 52-week range
Market Cap
165.24M
P/E Ratio
18.44
Forward P/E
0.00
Book Value
28.02
Div. Yield
1.69%
% Institutions
37.49%
% Insiders
32.11%

1 Year

+12.8%

3 Year

+35.0%

10 Year

+19.0%
Description

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. It offers a full-service bank providing personal and business lending and deposit services. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit. It also provides residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans. In addition, the company offers cards, cash management, and online and mobile banking services, as well as merchant, professional, and digital solutions. It operates banking offices in Kings, Nassau, Suffolk, New York, and Queens counties, New York; and Monmouth County, New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.

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People

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Directors & Officers

Name Title Year Born
Mr. Michael P. Puorro CPA CEO & Chairman 1960
Mr. Joseph F. Burns Executive VP & Chief Lending Officer NA
Mr. Kevin M. O'Connor President 1963
Mr. Lance P. Burke Senior EVP & CFO 1980
Ms. Lisa A. Diiorio First Senior VP & Chief Accounting Officer 1964
Mr. Raymond Sanchez Executive VP & Chief Information Officer NA
Ms. Lisa Kotliar Senior VP & Director of Human Resources NA
Mr. Kevin Corbett Executive VP & Chief Credit Officer 1960
Mr. Michael P. Locorriere Senior EVP & Chief Municipal Officer 1969
Mr. John P. Vivona Executive VP & Chief Risk Officer NA

Insider Trading

Open insider trading
Date Insider Name Title Transaction Type Shares Price Value SEC
Feb 06, 2026 Robert Golden N/A Sale 700.00 $23.60 $16.52K SEC
Feb 05, 2026 Robert Golden N/A Sale 500.00 $23.50 $11.75K SEC
Nov 04, 2025 Robert Golden N/A Sale 5.00K $21.25 $106.25K SEC
May 05, 2025 Robert Golden N/A Sale 323.00 $23.40 $7.56K SEC
May 02, 2025 Robert Golden N/A Sale 5.00K $23.42 $117.10K SEC

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 283.88K Jun 30, 2026 4.02% $0.00 24.95%
AllianceBernstein L.P. 258.29K Jun 30, 2026 3.66% $0.00 -18.62%
Vanguard Capital Management, LLC 221.97K Jun 30, 2026 3.15% $0.00 -13.09%
Fourthstone LLC 144.22K Jun 30, 2026 2.04% $2.42 -72.35%
Susquehanna International Group, LLP 129.75K Jun 30, 2026 1.84% $0.00 0.00%
Geode Capital Management, LLC 106.16K Jun 30, 2026 1.50% $0.00 19.67%
State Street Corp 72.78K Jun 30, 2026 1.03% $0.00 87.25%
Dimensional Fund Advisors, Inc. 44.00K Jun 30, 2026 0.62% $0.00 39.04%
CI Private Wealth LLC 42.45K Jun 30, 2026 0.60% $0.00 0.50%
The Goldman Sachs Group Inc 37.31K Jun 30, 2026 0.53% $0.00 12.66%
Northern Trust Corp 33.61K Jun 30, 2026 0.48% $0.00 -13.14%
AQR Capital Management LLC 31.39K Jun 30, 2026 0.44% $0.00 0.00%
Renaissance Technologies Corp 30.80K Jun 30, 2026 0.44% $0.00 0.00%
Vanguard Fiduciary Trust Co 30.33K Jun 30, 2026 0.43% $0.00 4.00%
Vanguard Portfolio Management, LLC 30.00K Jun 30, 2026 0.43% $0.00 13.17%
Bridgeway Capital Management, LLC 27.62K Jun 30, 2026 0.39% $0.01 0.00%
STRS OHIO 27.00K Jun 30, 2026 0.38% $0.00 92.86%
Gabelli Funds LLC 25.00K Jun 30, 2026 0.35% $0.00 0.00%
Two Sigma Investments LLC 24.81K Jun 30, 2026 0.35% $0.00 0.00%
Citadel Advisors Llc 20.46K Jun 30, 2026 0.29% $0.00 0.00%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard MStar Total Stk Mkt Idx Invest 160.63K 2.28% ▲ 0.00% Sep 30, 2026
2 iShares Russell 2000 ETF 110.93K 1.57% ▼ 1.14% Sep 30, 2026
3 Fidelity Small Cap Index 45.84K 0.65% ▲ 1.17% Jul 31, 2026
4 iShares Russell 2000 Value ETF 42.14K 0.60% ▲ 0.15% Sep 30, 2026
5 Hotchkis & Wiley Sm Cp Divers Val I 33.70K 0.48% ▲ 0.00% Aug 31, 2026
6 CREF Total Global Stock Account R3 31.55K 0.45% ▲ 233.86% Aug 31, 2026
7 Dimensional US Small Cap Value ETF 29.84K 0.42% ▲ 0.00% Sep 24, 2026
8 Vanguard Russell 2000 ETF 25.79K 0.37% ▲ 1.32% Sep 30, 2026
9 Gabelli Small Cap Growth AAA 25.00K 0.35% ▲ 0.00% Jun 30, 2026
10 Multi-Manager Small Cap Eq Strat Inst 23.16K 0.33% ▲ 0.00% Sep 30, 2026

Financial Highlights

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Market Cap: $165.24M
P/E Ratio: $18.44
Book Value: $28.02
Dividend/Share: $0.40
Dividend Yield: 1.69%
Earnings/Share: $1.27
Profit Margin: 14.16%
Operating Margin: 30.33%
ROA (TTM): 0.41%
ROE (TTM): 4.71%
Revenue (TTM): $66.82M
Revenue/Share (TTM): $9.23
Earnings Growth (YOY): 68.50%
Revenue Growth (YOY): 19.20%

Valuation Metrics

Enterprise Value: $130.93M
Trailing P/E: 18.44
Forward P/E: 0.00

Shares Statistics

Shares Outstanding: 7.06M
Shares Float: 4.21M
% Insiders: 32.11%
% Institutions: 37.49%
Short % Float: 0.94%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$143.32M
Cost of Goods Sold
adjust
$-80.38M
Gross Profit
subtotal
$62.94M
SG&A
adjust
$-35.63M
Other Operating Expense
adjust
$-17.36M
Operating Income
subtotal
$9.95M
Other / Non-Operating Items
adjust
$-2.47M
Net Income
subtotal
$7.49M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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