The company's fundamentals are relatively weak. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Hold. Despite an average stock market performance, 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
104 / 407
Overall Ranking
177 / 4615
Industry
Banking Services
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
3
analysts
Hold
Current Rating
23.833
Target Price
+5.88%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Hanover Bancorp Inc (MINEOLA) Highlights
StrengthsRisks
Hanover Bancorp, Inc. is a one-bank holding company for its subsidiary, Hanover Community Bank (the Bank). The Bank is a community commercial bank which offers a full range of financial services. The Bank provides a complete suite of consumer, commercial and municipal banking products and services, including multifamily and commercial mortgages, residential loans, business loans and lines of credit. It also offers its customers access to a 24-hour automated teller machine service with free checking with interest, telephone banking, advanced technologies in mobile and internet banking for its consumer and business customers, safe deposit boxes and other. The Bank operates eight branch locations serving Long Island, the greater New York metropolitan area and Freehold, New Jersey. It operates a full-service branch office along with additional branch locations in Garden City Park, 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 0.82, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 2.48M shares, increasing 5.59% quarter-over-quarter.
Hanover Bancorp, Inc. is a one-bank holding company for its subsidiary, Hanover Community Bank (the Bank). The Bank is a community commercial bank which offers a full range of financial services. The Bank provides a complete suite of consumer, commercial and municipal banking products and services, including multifamily and commercial mortgages, residential loans, business loans and lines of credit. It also offers its customers access to a 24-hour automated teller machine service with free checking with interest, telephone banking, advanced technologies in mobile and internet banking for its consumer and business customers, safe deposit boxes and other. The Bank operates eight branch locations serving Long Island, the greater New York metropolitan area and Freehold, New Jersey. It operates a full-service branch office along with additional branch locations in Garden City Park, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Chinatown, New York, and Freehold, New Jersey.