Hanover Bancorp, Inc. (HNVR) to Issue Quarterly Dividend of $0.10 on August 14th

Posted by Don Miller on Jul 26th, 2024

Hanover Bancorp, Inc. (NASDAQ:HNVR – Get Free Report) announced a quarterly dividend on Wednesday, July 24th, Zacks reports. Shareholders of record on Wednesday, August 7th will be paid a dividend of 0.10 per share on Wednesday, August 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, August 7th.

Hanover Bancorp Price Performance

Hanover Bancorp stock opened at $16.56 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $16.55 and a 200-day simple moving average of $16.47. The stock has a market cap of $120.06 million, a P/E ratio of 8.45 and a beta of -0.23. Hanover Bancorp has a 12-month low of $13.62 and a 12-month high of $18.86.

Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34). Hanover Bancorp had a return on equity of 6.33% and a net margin of 8.70%. The business had revenue of $37.04 million for the quarter, compared to analysts’ expectations of $16.30 million. Equities analysts expect that Hanover Bancorp will post 2.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price target on shares of Hanover Bancorp from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday.

View Our Latest Report on Hanover Bancorp

About Hanover Bancorp

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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.