Hanover Bancorp Inc (MINEOLA)'s fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 120 out of 397 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 24.50.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Hanover Bancorp Inc (MINEOLA)'s Score
Industry at a Glance
Industry Ranking
120 / 397
Overall Ranking
183 / 4521
Industry
Banking Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Neutral
Hanover Bancorp Inc (MINEOLA) Highlights
StrengthsRisks
Hanover Bancorp, Inc. is the bank holding company for Hanover Community Bank (the Bank). The Bank is a community commercial bank which offers a full range of financial services. The Bank offers a complete suite of consumer, commercial, and municipal banking products and services, including multi-family and commercial mortgages, residential loans, business loans and lines of credit. It also offers its customers access to 24-hour automated teller machine (ATM) service with no fees attached, free checking with interest, telephone banking, advanced technologies in mobile and Internet banking for its consumer and business customers, safe deposit boxes and much more. Its corporate administrative office is located in Mineola, New York where it also operates a full-service branch office along with additional branch locations in Garden City Park, Hauppauge, Port Jefferson, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Chinatown, New York, and Freehold, New Jersey.
Growing
The company is in a growing phase, with the latest annual income totaling USD 66.13M.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 24.87%.
Overvalued
The company’s latest PB is 0.85, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 2.63M shares, decreasing 9.19% quarter-over-quarter.
Hanover Bancorp, Inc. is the bank holding company for Hanover Community Bank (the Bank). The Bank is a community commercial bank which offers a full range of financial services. The Bank offers a complete suite of consumer, commercial, and municipal banking products and services, including multi-family and commercial mortgages, residential loans, business loans and lines of credit. It also offers its customers access to 24-hour automated teller machine (ATM) service with no fees attached, free checking with interest, telephone banking, advanced technologies in mobile and Internet banking for its consumer and business customers, safe deposit boxes and much more. Its corporate administrative office is located in Mineola, New York where it also operates a full-service branch office along with additional branch locations in Garden City Park, Hauppauge, Port Jefferson, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Chinatown, New York, and Freehold, New Jersey.