Hanover Bancorp, Inc. (NASDAQ:HNVR) Declares Quarterly Dividend of $0.10

Hanover Bancorp, Inc. (NASDAQ:HNVR) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Wednesday, November 6th will be given a dividend of 0.10 per share on Wednesday, November 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 6th.

Hanover Bancorp Stock Performance

Hanover Bancorp stock opened at $19.61 on Tuesday. The stock has a market cap of $139.82 million, a price-to-earnings ratio of 11.88 and a beta of -0.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.02. Hanover Bancorp has a 1-year low of $13.62 and a 1-year high of $21.50. The firm has a 50 day simple moving average of $18.53 and a 200-day simple moving average of $17.34.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price objective on Hanover Bancorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th.

About Hanover Bancorp

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.