Hanover Bancorp, Inc. (NASDAQ:HNVR) Announces $0.10 Quarterly Dividend

Hanover Bancorp, Inc. (NASDAQ:HNVR) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, November 6th will be paid a dividend of 0.10 per share on Wednesday, November 13th. This represents a $0.40 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, November 6th.

Hanover Bancorp Stock Up 0.1 %

HNVR stock opened at $19.24 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market capitalization of $139.47 million, a P/E ratio of 9.82 and a beta of -0.23. Hanover Bancorp has a 52-week low of $13.62 and a 52-week high of $21.50. The company’s 50 day simple moving average is $18.29 and its 200-day simple moving average is $17.07.

Hanover Bancorp (NASDAQ:HNVR) last announced its earnings results on Wednesday, July 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.34). The firm had revenue of $37.04 million for the quarter, compared to analyst estimates of $16.30 million. Hanover Bancorp had a net margin of 8.70% and a return on equity of 6.33%. As a group, equities research analysts anticipate that Hanover Bancorp will post 1.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their price target on Hanover Bancorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday.

About Hanover Bancorp

Hanover Bancorp, Inc, a bank holding company for Hanover Community Bank, provides personal and business lending and deposit services to businesses, municipalities, and individuals in the New York metro area. The company offers checking, credit cards, debit cards, money market, savings, government and municipal banking, and professional services, as well as time deposits, including certificate of deposit and individual retirement accounts.