Hanover Bancorp (HNVR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Hanover Bancorp

NasdaqGS•Financial Services•Banks - Regional

$27.52+0.26(0.01%)Market open

Market Cap

$192.50M

P/E

20.3x

P/S

1.4x

P/B

0.9x

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. 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.

How this company scores

WeakMetricSide Score: 51/100

Grade capped at D — Interest coverage below 1× (0.4x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (19/25); weakest: Growth (5/25).

Profitability9/25

Growth5/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality19/25

Strengths

Rising free cash flowLow leverageImproving leverageNet cash position

Grade capped at D

Interest coverage below 1× (0.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.3x5y range 4.6x – 22.5x

Currently above its 18-quarter median.

P/S · 1.4x5y range 0.9x – 1.6x

Currently near its 18-quarter median.

P/B · 0.9x5y range 0.7x – 0.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 7.3% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 31.2x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $192.50M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $141.04M
Q. Revenue: $34.86M
TTM EBITDA: $15.24M
TTM Op. Income: $13.20M
Q. Op. Income: $5.42M
TTM Net Income: $9.46M
Q. Net Income: $4.06M
EPS: $0.55
Shares Out.: $7.22M

$141.04M in TTM revenue declined 4.4% YoY, reaching $34.86M last quarter. TTM EBITDA of $15.24M and TTM operating income of $13.20M show growth is flowing through to the bottom line. TTM net income of $9.46M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 5 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 56.1%
EBITDA Margin: 15.6%
Op. Margin: 15.5%
Net Margin: 11.7%

Op. margin of 15.5% is up 6.0% YoY — cost efficiency is improving. Net margin at 11.7% and gross margin of 56.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.3x
P/S Ratio: 1.4x
P/B Ratio: 0.9x

At 20.3x P/E, the stock trades within typical market levels. P/S of 1.4x and P/B of 0.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 39% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.34B
Cash: $141.24M
Long-Term Debt: $94.04M
Book Value: $202.75M
D/E Ratio: 0.5
Debt/EBITDA: 17.3

With $2.34B in assets and $94.04M in long-term debt, D/E is 0.5and book value is $202.75M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $18.44M
TTM Free Cash Flow: $25.75M
FCF Margin: 18.3%
FCF / Net Income: 2.7

TTM FCF of $25.75M on $18.44M in operating cash flow. The FCF / Net Income ratio of 2.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 336% — an improving trend.