HNVR
Hanover Bancorp, Inc.
HNVR's fundamentals are mixed, but it looks expensive: trading at 16x earnings, above its usual 12x. Analysts expect strong earnings growth.
HNVR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
HNVR's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like HNVR.
HNVR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $9.35 | -58% |
| Forward | 7.9x | $22.23 | — |
| Fair | 11x | $16.03 | -28% |
| Current | 16x | $22.23 | — |
| Expensive | 17x | $24.34 | +9.5% |
Historical ranges are pointers, not guarantees.
HNVR's PE is in its expensive range at 16x. If earnings grow as analysts expect, today's price would be 7.9x next year's earnings, in its cheap range.
HNVR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HNVR, with profitability improving.
HNVR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.80 | +100% |
| Q3 2026 | $1.40 | -7.9% |
| Q2 2026 | $1.27 | -17% |
| Q1 2026 | $1.05 | -20% |
| Q4 2025 | $1.00 | -40% |
| Q3 2025 | $1.52 | -7.9% |
| Q2 2025 | $1.53 | -7.3% |
| Q1 2025 | $1.31 | -33% |
| Q4 2024 | $1.66 | -9.8% |
HNVR's earnings per share have fallen from their peak: $1.40 over the past year, against $4.43 in mid-2022.
HNVR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $19.3M | +7.1% |
| Q2 2026 | $19.6M | +6.6% |
| Q1 2026 | $19.1M | +4.1% |
| Q4 2025 | $18.6M | +3.3% |
| Q3 2025 | $18M | +5.6% |
| Q2 2025 | $18.4M | +8.8% |
| Q1 2025 | $18.4M | +11% |
| Q4 2024 | $18M | +13% |
HNVR's revenue has grown year over year for 11 quarters in a row: $19M last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | +4.1 points |
| Q2 2026 | 28% | +9.3 points |
| Q1 2026 | 16% | +5.9 points |
| Q4 2025 | 0.7% | -28 points |
| Q3 2025 | 26% | -1.1 points |
| Q2 2025 | 18% | +12 points |
| Q1 2025 | 9.6% | -23 points |
| Q4 2024 | 29% | -2.8 points |
HNVR's operating margin was 30% last quarter, up 4.1 points from the same quarter a year ago.
HNVR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $14.7M | +504% |
| Q2 2026 | $18M | +$20.2M |
| Q1 2026 | -$2.7M | -169% |
| Q4 2025 | $8M | +278% |
| Q3 2025 | $2.4M | +18% |
| Q2 2025 | -$2.2M | +$708K |
| Q1 2025 | $3.9M | +18% |
| Q4 2024 | $2.1M | -44% |
HNVR's free cash flow was $38M over the past year, about six times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like HNVR.
HNVR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -106K shares |
| 1 year | -2.3% | -165K shares |
| 3 years | -0.1% | -6.1K shares |
| 5 years | +50% | +2.4M shares |
HNVR has 7M diluted shares, down 2.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.2M |
| Q4 2025 | $1.3M |
HNVR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 4.5x | High |
| Q1 2025 | 5.4x | High |
| Q4 2024 | 4.2x | High |
HNVR's net debt is less than a year of its operating earnings (EBITDA), down from 3.5 years a year ago. Net leverage isn't a meaningful measure for financial services companies like HNVR.
HNVR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.8 | Neutral |
| Stochastic | 21.6 | Neutral |
HNVR's weekly RSI is 36 (neutral) and its Stochastic is 22 (neutral).
HNVR PE vs Financial Services Sector
| Metric | HNVR | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 22% above |
| PE % | 78 | 60 | 18 pts above |
HNVR is trading at 16x earnings, a 22% premium to the Financial Services sector's median of 13x.
HNVR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.0 | 7.4% below |
| 20 week MA | $25.2 | 12% below |
| 50 week MA | $23.7 | 6.3% below |
| 100 week MA | $23.1 | 3.8% below |
| 200 week MA | $20.6 | 8% above |
HNVR has fallen below most of its moving averages, though it's still 8% above its 200-week average.
HNVR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $21.5 | $19.9 | -7.8% |
| 2023 | $19.9 | $17.6 | -11% |
| 2024 | $17.6 | $22.4 | +27% |
| 2025 | $22.4 | $23.4 | +4.7% |
| 2026 YTD | $23.4 | $22.2 | -5% |
HNVR has finished lower in two of the last four years. It's down 5% so far in 2026.