Hanover Bancorp (NASDAQ:HNVR) Director Robert Golden Sells 1,012 Shares

21 May 2026, 17:32 by Amy Steele · The Cerbat Gem

Hanover Bancorp, Inc. (NASDAQ:HNVR – Get Free Report) Director Robert Golden sold 1,012 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $23.01, for a total value of $23,286.12. Following the completion of the transaction, the director owned 32,997 shares in the company, valued at $759,260.97. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Robert Golden also recently made the following trade(s):

On Tuesday, May 19th, Robert Golden sold 2,259 shares of Hanover Bancorp stock. The stock was sold at an average price of $22.79, for a total value of $51,482.61.

Hanover Bancorp Price Performance

Shares of Hanover Bancorp stock traded up $0.15 during trading on Thursday, hitting $23.16. 59,577 shares of the stock traded hands, compared to its average volume of 14,780. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.30. The stock has a market cap of $165.83 million, a price-to-earnings ratio of 22.06 and a beta of 0.12. The firm’s fifty day moving average is $22.10 and its 200-day moving average is $22.50. Hanover Bancorp, Inc. has a 52 week low of $19.91 and a 52 week high of $24.49.

Hanover Bancorp (NASDAQ:HNVR – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $19.11 million for the quarter, compared to analyst estimates of $19.50 million. Hanover Bancorp had a return on equity of 5.09% and a net margin of 5.53%.

Hanover Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 11th were given a dividend of $0.10 per share. The ex-dividend date was Monday, May 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. Hanover Bancorp’s dividend payout ratio is 38.10%.

Institutional Investors Weigh In On Hanover Bancorp

Several institutional investors have recently bought and sold shares of the stock. Fourthstone LLC boosted its holdings in Hanover Bancorp by 22.6% during the 4th quarter. Fourthstone LLC now owns 516,702 shares of the company’s stock valued at $11,941,000 after acquiring an additional 95,194 shares during the period. Geode Capital Management LLC boosted its holdings in Hanover Bancorp by 117.7% during the 2nd quarter. Geode Capital Management LLC now owns 105,721 shares of the company’s stock valued at $2,294,000 after acquiring an additional 57,166 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hanover Bancorp by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,643 shares of the company’s stock worth $683,000 after buying an additional 554 shares during the period. Corient Private Wealth LLC purchased a new stake in Hanover Bancorp in the 2nd quarter worth approximately $572,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Hanover Bancorp by 24.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,164 shares of the company’s stock worth $486,000 after buying an additional 4,356 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HNVR has been the topic of several recent research reports. Zacks Research lowered Hanover Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Piper Sandler reduced their price objective on Hanover Bancorp from $27.00 to $26.50 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Finally, Weiss Ratings upgraded Hanover Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.33.

View Our Latest Stock Report on Hanover Bancorp

Hanover Bancorp Company Profile

(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.