Hanover Bancorp, Inc. (NASDAQ:HNVR - Get Free Report) Director Robert Golden sold 2,500 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $25.50, for a total value of $63,750.00. Following the sale, the director now directly owns 28,345 shares of the company's stock, valued at $722,797.50. This represents a 8.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Hanover Bancorp Stock Performance
NASDAQ HNVR opened at $25.42 on Wednesday. The firm has a market cap of $181.75 million, a price-to-earnings ratio of 15.41 and a beta of -0.10. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $21.16 and a 200-day moving average price of $18.57. Hanover Bancorp, Inc. has a twelve month low of $13.62 and a twelve month high of $27.14.
Hanover Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Wednesday, November 6th. Hanover Bancorp's dividend payout ratio (DPR) is 24.24%.
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HNVR has been the subject of several recent research reports. Stephens lowered Hanover Bancorp from an "overweight" rating to an "equal weight" rating in a report on Monday. Piper Sandler boosted their price target on Hanover Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, October 24th.
Check Out Our Latest Stock Analysis on HNVR
Hedge Funds Weigh In On Hanover Bancorp
A number of hedge funds have recently made changes to their positions in HNVR. Fourthstone LLC bought a new position in shares of Hanover Bancorp in the third quarter worth about $877,000. Geode Capital Management LLC boosted its stake in shares of Hanover Bancorp by 46.5% in the third quarter. Geode Capital Management LLC now owns 43,512 shares of the company's stock worth $779,000 after acquiring an additional 13,803 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Hanover Bancorp in the second quarter worth about $170,000. Institutional investors own 15.02% of the company's stock.
Hanover Bancorp Company Profile
(
Get Free Report)
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.
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