Elena Sisti Purchases 2,000 Shares of Hanover Bancorp, Inc. (NASDAQ:HNVR) Stock

Hanover Bancorp, Inc. (NASDAQ:HNVR) Director Elena Sisti acquired 2,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average price of $16.95 per share, for a total transaction of $33,900.00. Following the completion of the transaction, the director now owns 101,878 shares in the company, valued at $1,726,832.10. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Hanover Bancorp Price Performance

Hanover Bancorp stock opened at $16.78 on Thursday. Hanover Bancorp, Inc. has a one year low of $13.62 and a one year high of $18.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.08 and a current ratio of 1.08. The business has a fifty day moving average of $15.74 and a two-hundred day moving average of $17.03. The company has a market cap of $121.32 million, a P/E ratio of 8.56 and a beta of -0.14.

Hanover Bancorp (NASDAQ:HNVR) last released its quarterly earnings results on Wednesday, April 17th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.19. The business had revenue of $16.51 million during the quarter, compared to the consensus estimate of $15.60 million. Hanover Bancorp had a return on equity of 7.69% and a net margin of 10.82%. As a group, analysts predict that Hanover Bancorp, Inc. will post 2.04 earnings per share for the current fiscal year.

Hanover Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Tuesday, May 7th. Hanover Bancorp’s dividend payout ratio (DPR) is presently 20.41%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HNVR. TheStreet raised Hanover Bancorp from a “d+” rating to a “c-” rating in a report on Wednesday, January 3rd. Piper Sandler raised their target price on Hanover Bancorp from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, January 25th.

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.