Financial Review: Hanover Bancorp (HNVR) & Its Rivals

Hanover Bancorp (NASDAQ:HNVR) is one of 919 public companies in the “Banks” industry, but how does it weigh in compared to its rivals? We will compare Hanover Bancorp to similar businesses based on the strength of its institutional ownership, dividends, risk, analyst recommendations, valuation, earnings and profitability.

Earnings and Valuation

This table compares Hanover Bancorp and its rivals gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Hanover Bancorp	$143.32 million	$7.49 million	16.82
Hanover Bancorp Competitors	$9.95 billion	$2.42 billion	17.40

Hanover Bancorp’s rivals have higher revenue and earnings than Hanover Bancorp. Hanover Bancorp is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Risk and Volatility

Hanover Bancorp has a beta of 0.12, indicating that its share price is 88% less volatile than the S&P 500. Comparatively, Hanover Bancorp’s rivals have a beta of 0.52, indicating that their average share price is 48% less volatile than the S&P 500.

Dividends

Hanover Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 1.7%. Hanover Bancorp pays out 28.6% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 9.1% and pay out 28.9% of their earnings in the form of a dividend.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Hanover Bancorp and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Hanover Bancorp	0	2	2	0	2.50
Hanover Bancorp Competitors	7464	30193	27759	1465	2.35

Hanover Bancorp presently has a consensus target price of $28.50, suggesting a potential upside of 21.04%. As a group, “Banks” companies have a potential upside of 14.12%. Given Hanover Bancorp’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Hanover Bancorp is more favorable than its rivals.

Insider & Institutional Ownership

15.0% of Hanover Bancorp shares are owned by institutional investors. Comparatively, 47.8% of shares of all “Banks” companies are owned by institutional investors. 24.4% of Hanover Bancorp shares are owned by insiders. Comparatively, 9.8% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Profitability

This table compares Hanover Bancorp and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Hanover Bancorp	7.33%	6.44%	0.54%
Hanover Bancorp Competitors	15.66%	9.44%	0.93%

Summary

Hanover Bancorp rivals beat Hanover Bancorp on 10 of the 15 factors compared.

About Hanover Bancorp

Hanover Bancorp, Inc., a bank holding company for Hanover Community Bank, provides personal and business lending and deposit services to businesses, municipalities, and individuals in the New York metro area. The company offers checking, credit cards, debit cards, money market, savings, government and municipal banking, and professional services, as well as time deposits, including certificate of deposit and individual retirement accounts. It also provides business loans, commercial real estate financing, small business administration, lending directory services, and residential mortgage. In addition, the company offers cash management, online and mobile banking, merchant services, and digital solutions. Its banking offices are located in Nassau, Suffolk, Queens, Kings, New York Counties, New York, Monmouth County, Freehold, and New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.