Hanover Bancorp (NASDAQ:HNVR – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34), Zacks reports. Hanover Bancorp had a net margin of 10.82% and a return on equity of 7.62%. The firm had revenue of $37.04 million during the quarter, compared to the consensus estimate of $16.30 million.
Hanover Bancorp Trading Up 0.5 %
NASDAQ:HNVR traded up $0.09 on Thursday, hitting $17.74. 1,585 shares of the stock were exchanged, compared to its average volume of 5,735. The stock has a market capitalization of $128.62 million, a price-to-earnings ratio of 9.02 and a beta of -0.23. Hanover Bancorp has a 52 week low of $13.62 and a 52 week high of $18.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.04. The company’s 50-day moving average price is $16.55 and its 200 day moving average price is $16.47.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler lifted their price target on shares of Hanover Bancorp from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note 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.
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