Hanover Bancorp (HNVR)
Provides lending, banking and cash-management services through Hanover Community Bank.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 26, 2026 | Raymond James | Initiate | Rating: — | |
| Jul 27, 2026 | Piper Sandler | Reiterate | Rating: —Target: $26.50 | Target: $28.50 |
| Jan 30, 2026 | Piper Sandler | Reiterate | Rating: —Target: $27 | Target: $26.50 |
| Dec 10, 2025 | Piper Sandler | Reiterate | Rating: —Target: $22 | Target: $27 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $141.2M · Total debt $101.7M · Total assets $2.34B · Shareholders' equity $202.7M
- Revenue
- $29.7M
- Operating income
- −$81.0K
- Net income
- $4.1M
HistoryDividendAnnual yield
| Institutions | 26.00% | 1.83M shares | |
|---|---|---|---|
| 71 holders · as of Jun 30, 2026 | |||
| Insiders | 23.18% | 1.64M shares | |
| 17 holders · as of Sep 3, 2026 | |||
| Strategic holders | 6.29% | 443.5K shares | |
| 1 holder · as of Feb 10, 2023 | |||
| Other | 44.53% | 3.14M shares | |
| remainder | |||
7.06M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
AURUM HOLDINGS INC - dba Muthoot Holdings IncStrategic | 6.29% | 443,481 | filed Feb 10, 2023 |
Robert Golden1Insiderdirector | 5.84% | 463,921 | filed Jun 16, 2026 |
Michael P. PuorroInsiderdirector, officer: Chairman & CEO | 4.56% | 321,663 | filed Feb 24, 2026 |
BlackRock, Inc.Institution | 4.02% | 283,884 | as of Jun 30, 2026 |
AllianceBernstein L.P.Institution | 3.66% | 258,288 | as of Jun 30, 2026 |
- Robert Golden's transaction reports restate only vehicles that traded; the 2023 ownership statement (463.9K) less the 51.8K net shares sold since is used instead.
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 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hanover Bancorp | $26.75 | +0.04% | $192.1M | 21.1 | 9.9 | 1.4 | −45.1% |
| Dime Commercial Bancshares | $40.54 | 0.00% | $1.80B | 14.7 | 10.7 | 2.4 | +17.1% |
| OceanFirst | $17.44 | +0.40% | $1.06B | 20.7 | 8.6 | 1.5 | +36.3% |
| Valley National Bancorp | $13.14 | +0.15% | $7.43B | 11.2 | 9.3 | 2.5 | +13.3% |
| JPMorgan Chase | $340.63 | +0.17% | $943.29B | 15.2 | 14.1 | 3.2 | +27.8% |
| Median | 14.9 | 10.0 | 2.4 | +22.4% |