Hanover Bancorp
Provides lending, banking and cash-management services through Hanover Community Bank.
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Profile
Provides commercial and consumer lending, personal and business banking, and cash-management services through Hanover Community Bank. The business serves individuals, businesses, and municipalities primarily across the New York metropolitan area, with service and local-market knowledge central to its operating model.
Commercial and consumer lending, personal and business banking, cash management, and related financial services are provided through Hanover Community Bank. Customers include individuals, businesses, and municipalities, primarily in the New York metropolitan area.
The footprint includes Long Island, New York City boroughs, and Freehold, New Jersey. The operating model relies on customer service and local-market knowledge, including employees connected to the communities served.
Continued operations and growth depend substantially on executive management, other key personnel, and the ability to attract, motivate, and retain skilled employees. The customer-service and local-market reputation is a stated component of the business strategy.
Company facts
Categories
Key statistics
Year to date +18.0% · Average volume (30d) 53.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 26, 2026 | Raymond James | Initiate | Market Perform | ||
| Jul 27, 2026 | Piper Sandler | Reiterate | Overweight | $26.50 | $28.50 |
| Jan 30, 2026 | Piper Sandler | Reiterate | Overweight | $27 | $26.50 |
| Dec 10, 2025 | Piper Sandler | Reiterate | Overweight | $22 | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.57 | $0.58 | +2.7% | $19.8M | $19.6M | −1.3% | +0.89% |
| Apr 27, 2026Q1 FY26 | $0.53 | $0.54 | +1.9% | $19.5M | $19.1M | −2.0% | +4.11% |
| Jan 29, 2026Q4 FY25 | $0.51 | $0.00 | −99.1% | $18.9M | $18.6M | −1.4% | −3.55% |
| Oct 30, 2025Q3 FY25 | $0.49 | $0.47 | −4.1% | $18.8M | $35.8M | +90.8% | +0.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $36.6M | $35.6M | $35.8M | $35.4M | $32.3M | $29.7M | |
| Gross profit | $17.8M | $16.0M | $16.7M | $12.5M | $16.4M | $13.7M | |
| Operating income | $1.8M | $3.4M | $4.7M | $136.0K | $226.0K | −$81.0K | |
| Net income | $1.5M | $2.4M | $3.5M | $33.0K | $1.9M | $4.1M | |
| Diluted EPS | $0.20 | $0.33 | $0.47 | $0.00 | $0.25 | $0.55 | |
| Gross margin | 48.6% | 44.9% | 46.6% | 35.3% | 50.7% | 46.3% | |
| Operating margin | 4.8% | 9.5% | 13.1% | 0.4% | 0.7% | -0.3% |
Fiscal years (4-quarter sums)FY21 $61.2M · FY22 $82.3M · FY23 $124.3M · FY24 $148.4M · FY25 $143.3M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $141.2M · Total debt $101.7M · Total assets $2.34B · Shareholders' equity $202.7M
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 6, 2026 | Aug 6 | Aug 13 | $0.10 | |
| May 11, 2026 | May 11 | May 18 | $0.10 | |
| Feb 12, 2026 | Feb 12 | Feb 26 | $0.10 | |
| Nov 13, 2025 | Nov 13 | Nov 20 | $0.10 | |
| Aug 6, 2025 | Aug 6 | Aug 13 | $0.10 | |
| May 7, 2025 | May 7 | May 14 | $0.10 | |
| Feb 12, 2025 | Feb 12 | Feb 19 | $0.10 | |
| Nov 6, 2024 | Nov 6 | Nov 13 | $0.10 |
Ownership
Shares outstanding 7.16M · Float 4.14M · 57.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Fourthstone LLC | 521.7K | 7.29% | 13F | May 15, 2026 |
| Michael P. Puorro · director, officer: Chairman & CEO | 321.7K | 4.49% | Form 4 | Feb 24, 2026 |
| AllianceBernstein L.P. | 317.4K | 4.43% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 255.4K | 3.57% | 13F | May 15, 2026 |
| Metin Negrin · director | 238.6K | 3.33% | Form 4 | Feb 6, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 30, 2026 | Kevin M. O'Connor | officer: President | +10,000 | $26.88 |
| Jun 15, 2026 | Robert Golden | director | −661 | $24.21 |
| Jun 12, 2026 | Robert Golden | director | −3,763 | $24.02 |
| Jun 10, 2026 | Robert Golden | director | −8,419 | $24.20 |
| Jun 2, 2026 | Robert Golden | director | −1,847 | $23.10 |
Peers
- Dime Commercial Bancshares
Greater Long Island commercial banking and deposit rival
- OceanFirst
Combined OceanFirst–Flushing franchise across Long Island and NYC
- Valley National Bancorp
Regional commercial bank spanning New York, Long Island, and New Jersey
- JPMorgan Chase
Scaled New York retail, small-business, and commercial-banking rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hanover Bancorp | $26.81 | −0.24% | $191.9M | 21.0 | 10.0 | 1.4 | −45.1% |
| Dime Commercial Bancshares | $40.47 | −0.02% | $1.79B | 14.6 | 10.7 | 2.4 | +17.1% |
| OceanFirst | $18.88 | −0.11% | $1.14B | 22.3 | 9.3 | 1.6 | +36.3% |
| Valley National Bancorp | $13.92 | 0.00% | $7.71B | 11.6 | 9.8 | 2.6 | +13.3% |
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| Median | 15.0 | 10.2 | 2.5 | +22.4% |