Hanover Bancorp, Inc. (HNVR) to Issue Quarterly Dividend of $0.10 on August 16th

Hanover Bancorp, Inc. (NASDAQ:HNVRGet Rating) declared a quarterly dividend on Wednesday, July 27th, Zacks reports. Investors of record on Tuesday, August 9th will be given a dividend of 0.10 per share on Tuesday, August 16th. This represents a $0.40 annualized dividend and a yield of 2.01%. The ex-dividend date is Monday, August 8th.

Hanover Bancorp Trading Up 0.2 %

HNVR opened at $19.89 on Friday. The business’s 50-day moving average price is $20.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.08. Hanover Bancorp has a one year low of $19.07 and a one year high of $24.68.

Hanover Bancorp (NASDAQ:HNVRGet Rating) last posted its earnings results on Monday, May 16th. The company reported $1.00 EPS for the quarter. Hanover Bancorp had a return on equity of 19.38% and a net margin of 32.97%. The business had revenue of $17.42 million for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler began coverage on Hanover Bancorp in a research report on Monday, June 6th. They issued an “overweight” rating and a $26.00 price target on the stock. Stephens began coverage on Hanover Bancorp in a report on Monday, June 6th. They issued an “overweight” rating and a $25.50 price objective on the stock.

Hanover Bancorp Company Profile

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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 in the New York metro area. The company offers checking, savings, money market, NOW, and individual retirement accounts, as well as certificates of deposits and time deposits; cards; and 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.

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