Hanover Bancorp (HNVR) vs. Its Rivals Critical Contrast

Hanover Bancorp (NASDAQ:HNVR) is one of 920 public companies in the “Banks” industry, but how does it weigh in compared to its rivals? We will compare Hanover Bancorp to similar businesses based on the strength of its earnings, institutional ownership, valuation, analyst recommendations, dividends, profitability and risk.

Earnings and Valuation

This table compares Hanover Bancorp and its rivals revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Hanover Bancorp	$143.32 million	$7.49 million	16.67
Hanover Bancorp Competitors	$37.86 billion	$2.41 billion	16.69

Hanover Bancorp’s rivals have higher revenue and earnings than Hanover Bancorp. Hanover Bancorp is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Dividends

Hanover Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 1.7%. Hanover Bancorp pays out 28.6% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 9.5% and pay out 28.9% of their earnings in the form of a dividend.

Risk and Volatility

Hanover Bancorp has a beta of 0.13, suggesting that its share price is 87% less volatile than the S&P 500. Comparatively, Hanover Bancorp’s rivals have a beta of 0.61, suggesting that their average share price is 39% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Hanover Bancorp and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Hanover Bancorp	0	1	2	1	3.00
Hanover Bancorp Competitors	7458	30161	27712	1451	2.35

Hanover Bancorp presently has a consensus price target of $28.50, suggesting a potential upside of 22.11%. As a group, “Banks” companies have a potential upside of 17.44%. Given Hanover Bancorp’s stronger consensus rating and higher possible upside, equities analysts clearly believe Hanover Bancorp is more favorable than its rivals.

Institutional & Insider Ownership

15.0% of Hanover Bancorp shares are held by institutional investors. Comparatively, 47.7% of shares of all “Banks” companies are held by institutional investors. 24.4% of Hanover Bancorp shares are held by insiders. Comparatively, 9.8% of shares of all “Banks” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Profitability

This table compares Hanover Bancorp and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Hanover Bancorp	7.33%	6.44%	0.54%
Hanover Bancorp Competitors	15.63%	9.45%	0.93%

Summary

Hanover Bancorp rivals beat Hanover Bancorp on 9 of the 15 factors compared.

Hanover Bancorp Company Profile

Hanover Bancorp, Inc., a bank holding company for Hanover Community Bank, provides personal and business lending and deposit services to businesses, municipalities, and individuals in the New York metro area. The company offers checking, credit cards, debit cards, money market, savings, government and municipal banking, and professional services, as well as time deposits, including certificate of deposit and individual retirement accounts. It also provides business loans, commercial real estate financing, small business administration, lending directory services, and residential mortgage. In addition, the company offers cash management, online and mobile banking, merchant services, and digital solutions. Its banking offices are located in Nassau, Suffolk, Queens, Kings, New York Counties, New York, Monmouth County, Freehold, and New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.