Hanover Bancorp

HNVR · NASDAQ

$23.86+$0.11 (+0.46%)TodayMarket closed · Oct 20, 4:00 PM ET

Prev close $23.75

HNVR analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 5 analysts

Average $27.03 (+13.3% upside)

Low: $24.75
Now: $23.86
High: $31.50

Upgrades and downgrades

The latest rating actions, newest first

HNVR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Raymond James	Aug 27, 2026	Initiates	Market Perform	—	—
Piper Sandler	Jul 27, 2026	Maintains	Overweight	$26.50 → $28.50	64%
Piper Sandler	Jul 10, 2026	Initiates	Overweight	$26.50	64%
Piper Sandler	Jan 30, 2026	Maintains	Overweight	$27.00 → $26.50	74%
Piper Sandler	Dec 10, 2025	Maintains	Overweight	$25.00 → $27.00	74%

The case for and against

Updated Jul 19, 2026

Bull case

Hanover Bancorp is a well-positioned commercial bank operating in the highly attractive New York City and Long Island markets. With a growing deposit base and diversified loan portfolio, as well as potential for future expansion through M&A, the company is poised for strong organic growth and improving profitability in the near term. Additionally, management's focus on cost efficiency and shareholder value, demonstrated through recent share buybacks and the potential for future M&A activity, make Hanover Bancorp an attractive investment opportunity.

Bear case

Hanover Bancorp is a commercial bank focused on organic growth, dividend support, and potential share repurchases. The bank has seen significant asset growth since its recent recapitalization, but still reported elevated credit costs and is working on cleaning up its loan portfolio. While management remains interested in share buybacks, they have not made any repurchases so far in 2021. The bank's net interest margin has marginally improved, and its capital levels are solid, with a TCE ratio of 7.65%. However, the persistently high levels of non-performing loans and elevated credit costs are reasons for concern in the long run.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.