A Business at a Glance
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Hanover Bancorp, Inc. /MD
HNVR
$182M
Mkt Cap
$25.01
+0.89%
Hanover Bancorp, Inc. /MD (HNVR) has a current P/E ratio of 22.5, compared to its historical median P/E of 8.3. The stock is currently considered Expensive based on its historical valuation range.
Hanover Bancorp, Inc. /MD (HNVR) has a 5-year average return on invested capital (ROIC) of 8.8%. This is below average and may indicate limited pricing power.
Hanover Bancorp, Inc. /MD (HNVR) has a market capitalization of $182M. It is classified as a small-cap stock.
Yes, Hanover Bancorp, Inc. /MD (HNVR) pays a dividend with a trailing twelve-month yield of 1.65%. The company also returns capital through share buybacks, with a buyback yield of 1.00%.
Based on historical P/E analysis, Hanover Bancorp, Inc. /MD (HNVR) appears expensive. The current P/E of 22.5 is 173% above its historical median of 8.3. The estimated fair value CAGR (P/E method) is -12.6%.
Hanover Bancorp, Inc. /MD (HNVR) operates in the State Commercial Banks industry, within the Financials sector.
Hanover Bancorp, Inc. /MD operates in the State Commercial Banks industry, Financials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 143M | 143M | 148M | 114M | 77M | 52M |
| Net Income | 7.3M | 7.3M | 12M | 15M | 23M | 11M |
| EPS | $1.00 | $1.00 | $1.66 | $2.05 | $3.68 | $2.28 |
| Free Cash Flow | 12M | 12M | 4.1M | 13M | 24M | 11M |
| ROIC | 8.1% | 3.7% | 6.3% | 8.2% | 15.4% | 10.6% |
| Gross Margin | 0.0% | 0.0% | - | - | - | - |
| Debt/Equity | 0.50 | 0.50 | 0.55 | 0.70 | 0.59 | 1.30 |
| Dividends/Share | $0.41 | $0.41 | $0.41 | $0.41 | $0.33 | $0.00 |
| Operating Income | 10.0M | 10.0M | 16M | 20M | 30M | 14M |
| Operating Margin | 6.9% | 6.9% | 11.0% | 17.7% | 39.4% | 27.0% |
| ROE | 3.6% | 3.7% | 6.3% | 8.2% | 15.4% | 10.6% |
| Shares Outstanding | 7M | 7M | 7M | 7M | 6M | 5M |
| Metric | |||||||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 41M | 52M | 77M | 114M | 148M | 143M | 143M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 11M | 15M | 20M | 21M | 26M | 28M | 28M |
| EBIT | 6.2M | 14M | 30M | 20M | 16M | 10.0M | 10.0M |
| Op. Margin | 15.0% | 27.0% | 39.4% | 17.7% | 11.0% | 6.9% | 6.9% |
| Net Income | 5.0M | 11M | 23M | 15M | 12M | 7.3M | 7.3M |
| Net Margin | 12.0% | 20.4% | 29.3% | 12.8% | 8.1% | 5.1% | 5.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 167K | 167K |
| Returns on Capital | |||||||
| ROIC | 6.0% | 10.6% | 15.4% | 8.2% | 6.3% | 3.7% | 8.1% |
| ROE | 6.6% | 10.6% | 15.4% | 8.2% | 6.3% | 3.7% | 3.6% |
| ROA | 0.6% | 0.9% | 1.4% | 0.7% | 0.5% | 0.3% | 0.3% |
| Cash Flow | |||||||
| Op. Cash Flow | 566K | 13M | 25M | 16M | 5.4M | 13M | 13M |
| Free Cash Flow | -527K | 11M | 24M | 13M | 4.1M | 12M | 12M |
| Owner Earnings | -1.5M | 11M | 22M | 13M | 2.1M | 9.7M | 9.7M |
| CapEx | 1.1M | 2.1M | 1.1M | 3.4M | 1.3M | 869K | 869K |
| Maint. CapEx | 1.3M | 1.4M | 1.7M | 1.6M | 1.8M | 1.8M | 1.8M |
| Growth CapEx | 0 | 679K | 0 | 1.8M | 0 | 0 | 0 |
| D&A | 1.3M | 1.4M | 1.7M | 1.6M | 1.8M | 1.8M | 1.8M |
| CapEx/OCF | N/A | N/A | 4.5% | 20.8% | 21.9% | N/A | 6.7% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 2.0M | 2.9M | 3.0M | 3.0M | 3.0M |
| Dividend Yield | N/A | N/A | 1.8% | 2.4% | 2.3% | N/A | 1.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 1.8M | 1.8M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% | 1.0% |
| Stock-Based Comp | 766K | 901K | 1.7M | 1.9M | 1.6M | 1.6M | 1.6M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | 14M | -15M | -60M | -59M | -55M | -108M | -108M |
| Cash & Equiv. | 80M | 167M | 150M | 177M | 163M | 209M | 209M |
| Long-Term Debt | 15M | 0 | N/A | N/A | N/A | N/A | 101M |
| Debt/Equity | 1.28 | 1.30 | 0.59 | 0.70 | 0.55 | 0.50 | 0.50 |
| Interest Coverage | 1.5 | 3.0 | 5.3 | 1.6 | 1.3 | 0.0 | 0.1 |
| Equity | 78M | 123M | 173M | 185M | 197M | 200M | 200M |
| Total Assets | 852M | 1.5B | 1.8B | 2.3B | 2.3B | 2.4B | 2.4B |
| Total Liabilities | 774M | 1.4B | 1.7B | 2.1B | 2.1B | 2.2B | 2.2B |
| Intangibles | 22K | 480K | 399K | 311K | 250K | 196K | 196K |
| Retained Earnings | 14M | 25M | 46M | 59M | 68M | 72M | 72M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||
| EPS | 1.18 | 2.28 | 3.68 | 2.05 | 1.66 | 1.00 | 1.00 |
| Owner EPS | -0.36 | 2.34 | 3.52 | 1.82 | 0.28 | 1.33 | 1.33 |
| Book Value | 18.51 | 26.27 | 28.04 | 25.95 | 27.29 | 27.46 | 27.46 |
| Cash Flow/Share | 0.13 | 2.83 | 4.07 | 2.30 | 0.75 | 1.79 | 1.25 |
| Dividends/Share | N/A | 0.00 | 0.33 | 0.41 | 0.41 | 0.41 | 0.41 |
| Shares Out. | 4.2M | 4.7M | 6.2M | 7.1M | 7.2M | 7.3M | 7.3M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | 5.0 | 8.3 | 13.2 | N/A | 25.0 |
| P/FCF | N/A | N/A | 4.8 | 9.3 | 38.2 | N/A | 15.0 |
| EV/EBIT | N/A | N/A | 1.9 | 1.5 | 1.6 | N/A | 7.5 |
| Price/Book | N/A | N/A | 0.7 | 0.7 | 0.8 | N/A | 0.9 |
| Price/Sales | N/A | N/A | 1.7 | 2.0 | 1.9 | N/A | 1.3 |
| FCF Yield | N/A | N/A | 20.2% | 10.4% | 2.5% | N/A | 6.7% |
| Market Cap | N/A | N/A | 119M | 125M | 163M | 0 | 182M |
| Avg. Price | N/A | N/A | 18.73 | 17.46 | 17.52 | 0.00 | 25.01 |
| Year-End Price | N/A | N/A | 18.52 | 16.92 | 21.97 | 0.00 | 25.01 |
Hanover Bancorp, Inc. /MD passes 2 of 9 quality checks, indicating weak fundamentals.
Hanover Bancorp, Inc. /MD trades at 22.5x trailing earnings, compared to its 15-year median P/E of 8.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 137.6x vs a median of 9.3x. The company's 5-year average ROIC is 8.8%. Total shareholder yield (dividends + buybacks) is 2.7%. At current prices, the estimated annualized return to fair value is -27.0%.
Hanover Bancorp, Inc. /MD (HNVR) reported annual revenue of $143 million in its most recent fiscal year, based on SEC EDGAR filings.
Hanover Bancorp, Inc. /MD (HNVR) has a net profit margin of 5.1%. This is a modest margin.
Hanover Bancorp, Inc. /MD (HNVR) generated $12 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Hanover Bancorp, Inc. /MD (HNVR) has a debt-to-equity ratio of 0.50. This indicates moderate leverage.
Hanover Bancorp, Inc. /MD (HNVR) reported earnings per share (EPS) of $1.00 in its most recent fiscal year.
Hanover Bancorp, Inc. /MD (HNVR) has a return on equity (ROE) of 3.7%. This indicates moderate shareholder returns.
The Ledger Terminal provides 6 years of financial data for Hanover Bancorp, Inc. /MD (HNVR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Hanover Bancorp, Inc. /MD (HNVR) has a book value per share of $27.46, based on its most recent annual SEC filing.
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