Hanover Bancorp, Inc. (HNVR) To Go Ex-Dividend on May 11th

Hanover Bancorp, Inc. (NASDAQ:HNVR) announced a quarterly dividend on Monday, April 27th. Investors of record on Monday, May 11th will be given a dividend of 0.10 per share on Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, May 11th.

Hanover Bancorp has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings.

Hanover Bancorp Stock Up 0.0%

Shares of NASDAQ HNVR opened at $23.27 on Friday. Hanover Bancorp has a 12-month low of $19.91 and a 12-month high of $24.49. The company has a market capitalization of $166.61 million, a PE ratio of 22.16 and a beta of 0.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 1.03. The firm’s 50-day moving average is $21.82 and its two-hundred day moving average is $22.37.

Hanover Bancorp (NASDAQ:HNVR) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. Hanover Bancorp had a net margin of 5.53% and a return on equity of 5.10%. The company had revenue of $19.11 million for the quarter, compared to the consensus estimate of $19.50 million.

Hanover Bancorp Company Profile

Hanover Bancorp, Inc is the bank holding company for The Hanover National Bank, a regional financial institution headquartered in Syracuse, New York. Through its subsidiary, the company provides a full range of commercial and retail banking services, with an emphasis on relationship-driven client support and community engagement.

Key offerings include deposit products such as checking, savings, and certificates of deposit, as well as commercial and consumer lending solutions. The bank also offers treasury management services, residential mortgage origination, and investment advisory services to meet the diverse needs of individuals, small businesses, and municipalities within its market area.

Operating primarily in Central and Upstate New York, Hanover Bancorp maintains a network of branches and loan production offices designed to serve local communities.