Hanover Bancorp, Inc. () Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

MarketsMojo — Loved in India, Now Global

The power of Mojo is now in 29 countries. Explore global equities with the same cutting-edge features you love.Unlock 29 Markets

Comparison

Company

Score

Quality

Valuation

Financial

Technical

Community West Bancshares

ChoiceOne Financial Services, Inc.

Penns Woods Bancorp, Inc.

Virginia National Bankshares Corp.

OP Bancorp

Ames National Corp.

MainStreet Bancshares, Inc.

Hanover Bancorp, Inc.

First Internet Bancorp

HomeStreet, Inc.

Partners Bancorp

Why is Hanover Bancorp, Inc. ?

High Profitability with a Net Interest Margin of 27.38%

Strong Long Term Fundamental Strength with a 14.64% CAGR growth in Net Profits

Healthy long term growth as Net Interest Income (ex other income) has grown by an annual rate of 0% and Net profit at 14.64%

Flat results in Jun 25

OPERATING CASH FLOW(Y) Lowest at USD 5.76 MM
GROSS NPA (%)(Q) Highest at 0.88%
CREDIT DEPOSIT RATIO(HY) Lowest at 100.78%

With ROA of 0.37%, it has a fair valuation with a 0.80 Price to Book Value

Over the past year, while the stock has generated a return of -6.32%, its profits have fallen by -31.9%

Below par performance in long term as well as near term

Along with generating -6.32% returns in the last 1 year, the stock has also underperformed S&P 500 in the last 3 years, 1 year and 3 months

Real-Time Research Report

Verdict Report

How much should you hold?

Overall Portfolio exposure to Hanover Bancorp, Inc. should be less than 10%
Overall Portfolio exposure to Regional Banks should be less than 30%

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Regional Banks)

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is Hanover Bancorp, Inc. for you?

Medium Risk, High Return

Absolute

Risk Adjusted

Volatility

Hanover Bancorp, Inc.

-6.32%

1.48

31.48%

S&P 500

16.49%

0.83

19.88%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

43.76%

EBIT Growth (5y)

29.83%

EBIT to Interest (avg)

Debt to EBITDA (avg)

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

Tax Ratio

Dividend Payout Ratio

24.03%

Pledged Shares

Institutional Holding

23.25%

ROCE (avg)

ROE (avg)

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

0.80

EV to EBIT

10.33

EV to EBITDA

8.27

EV to Capital Employed

0.73

EV to Sales

0.79

PEG Ratio

Dividend Yield

ROCE (Latest)

7.05%

ROE (Latest)

4.84%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bullish

Mildly Bearish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

Mildly Bullish

OBV

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

8What is working for the Company

PRE-TAX PROFIT(Q)

At USD 3.38 MM has Grown at 191.89%

NET PROFIT(Q)

At USD 2.38 MM has Grown at 189.06%

NII(Q)

Highest at USD 14.79 MM

-7What is not working for the Company

OPERATING CASH FLOW(Y)

Lowest at USD 5.76 MM

GROSS NPA (%)

CREDIT DEPOSIT RATIO(HY)

Lowest at 100.78%

NET SALES(Q)

Lowest at USD 32.05 MM

Here's what is working for Hanover Bancorp, Inc.

Pre-Tax Profit

At USD 3.38 MM has Grown at 191.89%

Year on Year (YoY)

MOJO Watch

Near term Pre-Tax Profit trend is very positive

Pre-Tax Profit (USD MM)

Net Profit

At USD 2.38 MM has Grown at 189.06%

Year on Year (YoY)

MOJO Watch

Near term Net Profit trend is very positive

Net Profit (USD MM)

NII

Highest at USD 14.79 MM

in the last five periods

MOJO Watch

The bank's income from core business is increasing

NII (USD MM)

Here's what is not working for Hanover Bancorp, Inc.

Operating Cash Flow

Lowest at USD 5.76 MM and Fallen

In each year in the last three years

MOJO Watch

The company's cash revenues from business operations are falling

Operating Cash Flows (USD MM)

Non Performing Loans (%)

Highest at 0.88%

in the last four Semi-Annual periods

MOJO Watch

Proportion of stressed loans given by the bank are increasing

Non Performing Loans (%)

Net Sales

Lowest at USD 32.05 MM

in the last five periods

MOJO Watch

Near term sales trend is negative

Net Sales (USD MM)

Credit Deposit Ratio

Lowest at 100.78%

in the last four Semi-Annual periods

MOJO Watch

Bank has been creating proportionately lower loans against its deposits, thereby creating fewer revenue generating assets

Credit Deposit Ratio (%)