Hanover Bancorp Inc (HNVR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hanover Bancorp Inc stock $18.40, price $21.84, that is 15.8% below the price, quality 51 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Hanover Bancorp Inc
HNVR · USOur calculation puts a fair price 16% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
54‑month range $13.10 – $27.74 · fair‑value band $17.66 – $19.09 · the $21.84 price screens above the $18.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals. It offers a full-service bank providing personal and business lending and deposit services.
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The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit.
It also provides residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans.
In addition, the company offers cards, cash management, and online and mobile banking services, as well as merchant, professional, and digital solutions. It operates banking offices in Kings, Nassau, Suffolk, New York, and Queens counties, New York; and Monmouth County, New Jersey.
The company was founded in 2008 and is headquartered in Mineola, New York.
Stock analysis
Hanover Bancorp Inc (HNVR) currently trades at $21.84, while our model-based Fair Value estimate is $18.40, 16% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $23.54 per share, and 1 of the 6 models we run sit above the $21.84 price.
Bear case: the Dividend Discount group reads lowest at $5.41, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $17.66 (bear) to $19.09 (bull), the price of $21.84 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hanover Bancorp Inc reported revenue of $143M in FY2025 versus $52.0M in FY2021, a compound +28.8%/yr. Reported net income was $7.5M in FY2025, compounding −8.9%/yr from FY2021.
Key figures
Market cap $162M Micro · P/E ratio 15.6 · P/S ratio 2.37 · EPS (TTM) $1.40 · Dividend yield 0.5% · Net margin 15.1% · Return on equity 5.1% · Return on assets (EBIT) 0.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −16%, HNVR screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director bought shares worth $268,800, on Jul 30, 2026. Over the same period, one person sold shares worth $493,933.
- BuyKevin M O'ConnorPresident10,000 shares at $26.88$268,800Jul 30, 2026
- SaleRobert GoldenDirector7× since Feb 5, 2026: 21,970 shares, avg. $23.77$522,203Jun 15, 2026
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
HNVR screens overvalued: fair value 16% below the price. Compare with China Merchants Bank Co →
Earlier news
- Hanover Bancorp Expands Long Island Footprint with Opening of Riverhead Branch
- Hanover Bancorp, Inc. Reports First Quarter 2026 Results Highlighted by Continued Margin Expansion and Declares $0.10 Quarterly Cash Dividen
- Hanover Bancorp, Inc. Completes $35 Million Private Placement of Subordinated Notes
- Hanover Bancorp, Inc. Announces the Addition of a New Chief Commercial Real Estate Lending Officer
Compare Hanover Bancorp Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Net margin by industry
- P/B ratio by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs HNVR |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs HNVR |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs HNVR |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs HNVR |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs HNVR |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs HNVR |
| Mizuho Financial Group MFG | $9.40 | $5.89 | −37% | vs HNVR |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs HNVR |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs HNVR |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs HNVR |
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Frequently asked questions
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Key figures of Hanover Bancorp Inc
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