- ISIN
- US4107102067
- Sector
- Financial Services
- Industry
- Banks - Regional
- IPO Date
- May 11, 2022
Highlights
- Market Cap
- $187.83M
- Enterprise Value
- -$6.62M
- EPS (TTM)
- $1.06
- PE Ratio
- 24.73
- Total Revenue (TTM)
- $106.75M
- Gross Profit (TTM)
- $45.18M
- EBITDA (TTM)
- $10.33M
- Year Range
- $19.91 - $27.02
- Target Price
- $26.50
- ROA (TTM)
- 2.24%
- Avg. Volume (1M)
- 56K
- Avg. Volume Value (1M)
- $1.41M
Share Price Chart
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Performance
HNVR Performance Chart
Hanover Bancorp Inc (HNVR) is up 14.6% since the beginning of the year. At $26 per share, HNVR is trading just below its 52-week high of $27.
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Returns By Period
Hanover Bancorp Inc (HNVR) has returned 14.56% so far this year and 29.09% over the past 12 months.
Hanover Bancorp Inc
- 1D
- -1.13%
- 1M
- 12.45%
- 6M
- 14.61%
- YTD
- 14.56%
- 1Y
- 29.09%
- 3Y*
- 15.56%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.05%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HNVR Monthly Returns History
Based on dividend-adjusted daily data since May 11, 2022, HNVR's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 49% of months were positive and 51% were negative. The best month was Nov 2024 with a return of +26.7%, while the worst month was Mar 2024 at -10.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HNVR closed higher 42% of trading days. The best single day was Oct 16, 2024 with a return of +9.2%, while the worst single day was Apr 3, 2025 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.04% | -10.08% | 4.40% | 9.87% | -1.52% | 0.26% | 12.54% | 14.56% | |||||
| 2025 | 15.33% | -9.13% | -8.89% | 5.75% | -2.03% | 1.19% | -9.09% | 8.88% | -0.44% | -7.75% | 10.35% | 1.58% | 2.01% |
| 2024 | 2.44% | -8.01% | -10.34% | 12.01% | -0.24% | 0.24% | 6.73% | 3.17% | -0.94% | 11.74% | 26.65% | -8.48% | 33.70% |
| 2023 | -4.12% | 2.31% | -9.55% | 1.67% | -1.69% | -1.23% | 2.66% | 1.16% | -0.88% | -0.22% | -1.39% | -0.34% | -11.58% |
| 2022 | -4.34% | 0.12% | -4.31% | 0.76% | -2.50% | 7.01% | -1.21% | 1.39% | -3.49% |
Benchmark Metrics
Hanover Bancorp Inc has an annualized alpha of 5.68%, beta of 0.31, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since May 11, 2022.
- This stock captured 12.21% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -18.99%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.31 may look defensive, but with R2 of 0.04 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
- R2 of 0.04 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.68%
- Beta
- 0.31
- R²
- 0.04
- Upside Capture
- 12.21%
- Downside Capture
- -18.99%
Return for Risk
Risk / Return Rank
HNVR ranks 78 for risk / return — above 78% of stocks peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Hanover Bancorp Inc (HNVR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HNVR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.00 | -0.13 |
| Martin ratioReturn relative to average drawdown | 4.76 | 8.49 | -3.73 |
Dividends
Dividend History
Hanover Bancorp Inc provided a 1.52% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The company has been increasing its dividends for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.40 | $0.40 | $0.30 |
Dividend yield | 1.52% | 1.73% | 1.73% | 2.27% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Hanover Bancorp Inc. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.20 | |||||
| 2025 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.40 |
| 2024 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.40 |
| 2023 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.40 |
| 2022 | $0.10 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.30 |
Dividend Yield & Payout
Dividend Yield
Hanover Bancorp Inc has a dividend yield of 1.52%, which signifies it pays a smaller percentage of its stock price in dividends to its shareholders compared to other companies in the market.
Payout Ratio
Hanover Bancorp Inc has a payout ratio of 38.38%, which is quite average when compared to the overall market. This suggests that Hanover Bancorp Inc strikes a balance between reinvesting profits for growth and paying dividends to shareholders.
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Hanover Bancorp Inc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hanover Bancorp Inc was 33.98%, occurring on Apr 16, 2024. Recovery took 127 trading sessions.
The current Hanover Bancorp Inc drawdown is 2.36%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.98%Apr 2024 | 1y 10mo | 6mo 3d | 2y 4moJun 2022 - Oct 2024 | — |
-28.23%Apr 2025 | 2mo 6d | 1y 3mo | 1y 5moFeb 2025 - Jul 2026 | 2025 selloff2025 |
-17.72%Jan 2025 | 25d | 11d | 1mo 6dDec 2024 - Jan 2025 | — |
-9.55%Oct 2024 | 11d | 14d | 25dOct 2024 - Nov 2024 | — |
-6.20%May 2022 | 1d | 1d | 1dMay 2022 - May 2022 | Bear market2022 |
Drawdown Indicators
| HNVR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.98% | -56.78% | +22.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.22% | -9.10% | -6.12% |
Max Drawdown (3Y)Largest decline over 3 years | -28.23% | -18.90% | -9.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.36% | -1.58% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -12.98% | -10.70% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 2.14% | +3.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Hanover Bancorp Inc over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Hanover Bancorp Inc is priced in the market compared to other companies in the Banks - Regional industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for HNVR, comparing it with other companies in the Banks - Regional industry. Currently, HNVR has a P/E ratio of 24.7. This P/E ratio is significantly higher than those of industry peers. This could indicate that the stock is overvalued or that investors expect strong future growth.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for HNVR relative to other companies in the Banks - Regional industry. Currently, HNVR has a P/S ratio of 1.8. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.
Income Statement
| TTM | |
|---|---|
Revenue | |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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