Hanover Bancorp, Inc. (NASDAQ:HNVR) Short Interest Update

05 Mar 2026, 09:48 by Scott Moore · The Cerbat Gem

Hanover Bancorp, Inc. (NASDAQ:HNVR – Get Free Report) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 69,856 shares, a growth of 23.6% from the January 29th total of 56,527 shares. Based on an average daily volume of 10,455 shares, the days-to-cover ratio is currently 6.7 days. Approximately 1.3% of the shares of the stock are sold short. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 10,455 shares, the days-to-cover ratio is currently 6.7 days.

Hedge Funds Weigh In On Hanover Bancorp

A number of large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of Hanover Bancorp by 219.9% in the third quarter. BNP Paribas Financial Markets now owns 1,289 shares of the company’s stock valued at $29,000 after buying an additional 886 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in Hanover Bancorp in the second quarter valued at about $30,000. Bank of America Corp DE lifted its position in shares of Hanover Bancorp by 3,744.7% during the 2nd quarter. Bank of America Corp DE now owns 1,461 shares of the company’s stock valued at $33,000 after acquiring an additional 1,423 shares during the period. Strs Ohio acquired a new stake in shares of Hanover Bancorp in the 3rd quarter worth approximately $36,000. Finally, JPMorgan Chase & Co. purchased a new position in Hanover Bancorp in the 2nd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

HNVR has been the subject of a number of analyst reports. Zacks Research downgraded shares of Hanover Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hanover Bancorp in a report on Monday, December 29th. Finally, Piper Sandler dropped their target price on Hanover Bancorp from $27.00 to $26.50 and set an “overweight” rating for the company in a research report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.33.

View Our Latest Research Report on Hanover Bancorp

Hanover Bancorp Price Performance

Shares of HNVR opened at $21.41 on Thursday. The business’s 50-day moving average is $22.84 and its two-hundred day moving average is $22.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.04. Hanover Bancorp has a fifty-two week low of $18.31 and a fifty-two week high of $24.36. The company has a market capitalization of $153.94 million, a P/E ratio of 21.41 and a beta of 0.07.

Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.51). Hanover Bancorp had a return on equity of 5.18% and a net margin of 5.22%.The firm had revenue of $18.60 million for the quarter, compared to analyst estimates of $18.85 million. Research analysts predict that Hanover Bancorp will post 2.38 earnings per share for the current year.

Hanover Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.9%. Hanover Bancorp’s payout ratio is presently 40.00%.

About Hanover Bancorp

(Get Free Report)

Hanover Bancorp, Inc is the bank holding company for The Hanover National Bank, a regional financial institution headquartered in Syracuse, New York. Through its subsidiary, the company provides a full range of commercial and retail banking services, with an emphasis on relationship-driven client support and community engagement.

Key offerings include deposit products such as checking, savings, and certificates of deposit, as well as commercial and consumer lending solutions. The bank also offers treasury management services, residential mortgage origination, and investment advisory services to meet the diverse needs of individuals, small businesses, and municipalities within its market area.