Equity Research Analysis: Hanover Bancorp, Inc. /NY (HNVR)
|Blank Capital Research Unit|Spot: $21.31
Price$21.31
Composite Score40.9/100
RatingREDUCE (2★)
Rank#3425 OF 7,333
Market Cap$162M
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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3425
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Banking
$162M
Michael P. Puorro
We are a New York corporation which, in 2016, became the holding company for Hanover Community Bank (the “Bank”) a New York-chartered community commercial bank focusing on highly personalized and efficient services and products responsive to local needs. Our principal executive offices are located at 80 East Jericho Turnpike, Mineola, New York.
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = HNVR ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$HNVR Hanover Bancorp, Inc. /NY | 41 | 32 | 52 | 31 | 14.2x | 10.8x | 5.5% | 0.5% | 0.0% | 10.9% | 8.3% | -1.3% | 1.8% | 1055.0x | $162M | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
Hanover Bancorp, Inc. /NY (HNVR) receives a "Reduce" rating with a composite score of 40.9/100. It ranks #3425 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Fair valuation relative to peers
Weak fundamentals — higher risk of value trap
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for HNVR.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 32 | 50 | -18DRAG |
| MOMENTUM | 31 | 26 | +5NEUTRAL |
| VALUATION | 52 | 70 | -18DRAG |
| INVESTMENT | 31 | 43 | -12DRAG |
| STABILITY | 50 | 50 | 0NEUTRAL |
| SHORT INT | 63 | 78 | -15DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 2.6% vs WACC 5.7% (spread -3.1%)
GM 0% vs sector 78%, OM 11% vs sector 18%
Capital turnover 0.30x
Rev growth -1%, 5yr history
Interest coverage 3.2x, Net debt/EBITDA 23.9x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Hanover Bancorp, Inc. /NY (HNVR) as a Reduce with a composite score of 40.9/100 at a current price of $21.31. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
Hanover Bancorp, Inc. /NY holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 40.9/100 places it at rank #3425 in our full universe.
No Moat
High
Poor
Fair Value
Stable competitive position in a defensive sector.
Leverage of 1055% D/E amplifies downside risk.
Weak momentum suggests persistent institutional selling pressure.
Below-average quality raises earnings sustainability concerns.
Hanover Bancorp, Inc. /NY represents a reduce based on multi-factor quantitative performance.
Hanover Bancorp, Inc. /NY receives a Reduce rating from our analysis, with a composite score of 40.9/100 and 2 out of 5 stars, ranking #3425 out of 7,333 stocks. HNVR's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
HNVR's quality score of 32/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of 5.5% (sector avg: 9.0%), gross margins of 0.0% (sector avg: 77.7%), net margins of 8.3% (sector avg: 21.9%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
HNVR's value score of 52/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/E ratio of 14.19x, an EV/EBITDA of 10.81x, a P/B ratio of 0.77x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
Hanover Bancorp, Inc. /NY's investment score of 31/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -1.3% vs. a sector average of 10.7% and a return on assets of 0.5% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
HNVR is currently showing below-average momentum at 31/100, which may indicate weakening institutional interest or negative sentiment shifts. Revenue growth stands at -1.3% year-over-year, while a beta of 0.81 reflects its sensitivity to broader market moves. Investors should note that declining momentum can precede further price weakness, though contrarian opportunities sometimes emerge at these levels.
With a stability score of 50/100, HNVR exhibits average financial resilience. Key stability metrics include a beta of 0.81 and a debt-to-equity ratio of 1055.00x (sector avg: 0.5x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
HNVR carries a short interest score of 63/100, indicating moderate short selling activity. This is a neutral reading — not enough to signal systemic bearishness, but worth monitoring. Specific risk factors include elevated leverage (D/E: 1055.00x), micro-cap liquidity risk. At $162M market cap (micro-cap), Hanover Bancorp, Inc. /NY offers reasonable institutional liquidity.
HNVR offers a modest dividend yield of 1.8%. This compares to a sector average dividend yield of 2.0%. While the income contribution is relatively small, even a small dividend signals management's commitment to shareholder returns and can serve as a signal of financial discipline.
Hanover Bancorp, Inc. /NY is a micro-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #3425 of 7,333 overall (53rd percentile). Key comparisons include ROE of 5.5% trailing the 9.0% sector median and operating margins of 10.9% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While HNVR currently exhibits a REDUCE profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
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Improvement in Momentum (31) would have the largest impact on the composite score.
EV/EBITDA 39% ABOVE SECTOR MEDIAN
ROE 39% BELOW SECTOR MEDIAN
Gross Margin 100% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Hanover Bancorp, Inc. ( NASDAQ:HNVR ) will pay a dividend of $0.10 on the 26th of February. The dividend yield is 1.7...
MINEOLA, N.Y., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (NASDAQ: HNVR) (the “Company”), the bank holding company for Hanover Community Bank (the “Bank” or “Hanover”), today announced the appointment of Mr. William J. Newham, III to the position of Executive Vice President and Chief Commercial Real Estate (CRE) Lending Officer. Mr. Newham brings a relationship-focused approach to Hanover, a key differentiator as consolidation across the banking industry has limited access to CRE le
Hanover Bancorp, Inc.'s ( NASDAQ:HNVR ) investors are due to receive a payment of $0.10 per share on 26th of February...
Hanover Bancorp (HNVR) declares $0.10/share quarterly dividend, in line with previous.