Hanover Bancorp (NASDAQ:HNVR – Get Free Report) had its price objective hoisted by Piper Sandler from $20.00 to $22.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 14.46% from the stock’s previous close.
Hanover Bancorp Trading Down 0.9 %
Hanover Bancorp stock traded down $0.17 during trading on Thursday, reaching $19.22. The company had a trading volume of 6,648 shares, compared to its average volume of 5,748. Hanover Bancorp has a 12-month low of $13.62 and a 12-month high of $21.50. The stock’s 50 day moving average price is $18.26 and its two-hundred day moving average price is $17.06. The firm has a market capitalization of $139.33 million, a price-to-earnings ratio of 9.81 and a beta of -0.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.03.
Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last announced its earnings results on Wednesday, July 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.34). Hanover Bancorp had a net margin of 8.70% and a return on equity of 6.33%. The firm had revenue of $37.04 million during the quarter, compared to analysts’ expectations of $16.30 million. As a group, equities analysts expect that Hanover Bancorp will post 1.56 earnings per share for the current fiscal year.
Hedge Funds Weigh In 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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