Hanover Bancorp, Inc. (NASDAQ:HNVR – Get Free Report) announced a quarterly dividend on Wednesday, April 17th, Wall Street Journal reports. Investors of record on Wednesday, May 8th will be given a dividend of 0.10 per share on Wednesday, May 15th. This represents a $0.40 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, May 7th.
Hanover Bancorp Stock Up 5.6 %
Hanover Bancorp stock traded up $0.80 during midday trading on Thursday, hitting $15.05. 6,671 shares of the stock were exchanged, compared to its average volume of 4,989. Hanover Bancorp has a 1 year low of $13.62 and a 1 year high of $18.91. The firm has a market cap of $108.81 million, a P/E ratio of 8.18 and a beta of -0.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50 day moving average price of $15.85 and a two-hundred day moving average price of $17.09.
Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.20. Hanover Bancorp had a net margin of 10.93% and a return on equity of 7.47%. The firm had revenue of $15.91 million for the quarter, compared to the consensus estimate of $14.40 million. On average, sell-side analysts predict that Hanover Bancorp will post 1.88 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Hanover Bancorp from a “d+” rating to a “c-” rating in a research note on Wednesday, January 3rd. Piper Sandler raised their price objective on shares of Hanover Bancorp from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th.
Get Our Latest Research Report on Hanover Bancorp
Hanover Bancorp Company Profile
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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