Hanover Bancorp Inc (HNVR)

Hanover Bancorp, Inc.'s stock price has experienced fluctuations over the past six months. Key events impacting the stock price include earnings reports, dividend declarations, insider selling, and asset quality. The company announced Q4 2025 earnings, missing estimates, and reported third-quarter 2025 results with net income of $3.5 million. Hanover Bancorp has consistently declared a $0.10 per share cash dividend. There has been significant insider selling of HNVR stock. Non-performing loans totaled $16.4 million, representing 0.82% of total loans outstanding.

The banking industry, including Hanover Bancorp, Inc., experiences seasonality in the demand for its products and services, particularly in the volume of new loans. Demand for loans tends to be lower in January and February, increasing in March, peaking in August or September, and dropping again towards December. This seasonality is influenced by factors such as changes in interest rates and tax planning.

Hanover Bancorp, Inc. is a New York corporation and the holding company for Hanover Community Bank, operating as a community commercial bank. The bank offers a range of consumer, commercial, and municipal banking products and services, including various account types, loan products, cards, cash management, and online and mobile banking services.

Hanover Bancorp, Inc. primarily serves customers throughout the New York metropolitan area. The company operates ten branch locations across Long Island, the greater New York metropolitan area, and Freehold, New Jersey, with banking offices in various counties in New York and Monmouth County, New Jersey. A Business Banking Center was opened in Hauppauge, Suffolk County, New York, in May 2023.

Hanover Bank launched a redesigned website to improve the digital experience for its customers. Hanover Bancorp, Inc. appointed Mr. William J. Newham, III as Executive Vice President and Chief Commercial Real Estate Lending Officer. The company highlights its commitment to a first-class banking experience and inspiring shareholder confidence.

Hanover Bancorp, Inc. is owned by a mix of institutional shareholders, insiders, and retail investors. Institutional investors own 27.52% of the stock, with largest shareholders including Alliancebernstein L.P. and Vanguard Group Inc. Insiders own 27.57% of the company's stock, with Robert Golden being the largest individual shareholder.