Hanover Bancorp Inc
NASDAQ:HNVR

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Hanover Bancorp Inc Logo
Hanover Bancorp Inc
NASDAQ:HNVR
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Price: 23.72 USD 1.8% Market Closed
Market Cap: $170.1m

P/E

23.2
Current
72%
More Expensive
vs 3-y average of 13.5

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
23.2
=
Market Cap
$154.1m
/
Net Income
$7.3m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
23.2
=
Market Cap
$154.1m
/
Net Income
$7.3m

Valuation Scenarios

Hanover Bancorp Inc is trading above its 3-year average

If P/E returns to its 3-Year Average (13.5), the stock would be worth $13.79 (42% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-49%
Maximum Upside
No Upside Scenarios
Average Downside
23%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 23.2 $23.72
0%
3-Year Average 13.5 $13.79
-42%
5-Year Average 11.8 $12.05
-49%
Industry Average 23.1 $23.58
-1%
Country Average 22.9 $23.38
-1%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
$154.1m
/
Jan 2026
$7.3m
=
23.2
Current
$154.1m
/
Dec 2026
$18.6m
=
8.3
Forward
$154.1m
/
Dec 2027
$21.1m
=
7.3
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
Close

Market Distribution

In line with most companies in the United States of America
Percentile
51th
Based on 8 489 companies
51th percentile
23.2
Low
0 — 15.3
Typical Range
15.3 — 33.2
High
33.2 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 15.3
Median 22.9
70th Percentile 33.2
Max 1 826 183.3

Other Multiples

Hanover Bancorp Inc
Glance View

Market Cap
170.1m USD
Industry
N/A

Hanover Bancorp Inc operates as a locally headquartered, community-oriented bank serving customers throughout the New York metro area from offices in Nassau, Queens, Kings (Brooklyn) and New York (Manhattan) Counties, New York, and Freehold in Monmouth County New Jersey. The Bank was originally organized in 2009, with a focus on serving the South Asian community in Nassau County. After incurring financial and regulatory setbacks, the Bank was recapitalized in 2012 by a group led by our current Chairman and CEO Michael Puorro and current members of their Board of Directors, which they refer to as the 2012 recapitalization. Following the 2012 recapitalization and hiring of Michael Puorro, the Bank adopted a strategic plan focused on providing differentiated consumer and commercial banking services to clients in the western Long Island markets and New York City boroughs, particularly the Queens and Brooklyn markets. As a result, the Bank has grown its balance sheet significantly both through organic loan and deposit growth, as well as opportunistic acquisitions.

HNVR Intrinsic Value
24.01 USD
Undervaluation 1%
Intrinsic Value
Price $23.72
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