Hanover Bancorp (HNVR) Expected to Announce Earnings on Wednesday

Hanover Bancorp (NASDAQ:HNVR) will likely be releasing its earnings data before the market opens on Wednesday, April 16th. Analysts expect Hanover Bancorp to post earnings of $0.51 per share for the quarter.

Hanover Bancorp (NASDAQ:HNVR) last released its earnings results on Wednesday, January 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Hanover Bancorp had a net margin of 8.32% and a return on equity of 6.71%. On average, analysts expect Hanover Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hanover Bancorp Stock Performance

HNVR opened at $19.55 on Tuesday. The company has a 50 day simple moving average of $22.78 and a two-hundred day simple moving average of $22.55. 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 cap of $140.78 million, a P/E ratio of 11.78 and a beta of 0.11. Hanover Bancorp has a 1-year low of $13.62 and a 1-year high of $27.14.

Hanover Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Wednesday, February 12th. Hanover Bancorp’s dividend payout ratio is currently 24.10%.

Insider Activity

In other news, Director Robert Golden sold 2,500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $26.58, for a total value of $66,450.00. Following the transaction, the director now owns 27,920 shares of the company’s stock, valued at approximately $742,113.60. The trade was a 8.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 7,533 shares of company stock worth $200,537 over the last ninety days. Corporate insiders own 24.76% of the company’s stock.

Hanover Bancorp Company Profile

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.