Hanover Bancorp, Inc. (HNVR) To Go Ex-Dividend on November 6th

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

Hanover Bancorp Stock Up 0.1 %

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

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

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price objective on shares of Hanover Bancorp from $20.00 to $22.00 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.