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Hanover Bancorp (HNVR) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChart

HNVR Stock Forecast

Hanover Bancorp (HNVR) stock forecast, based on 1 Wall Street analysts, predicts a 12-month average price target of $22.00, with a high of $22.00 and a low of $22.00. This represents a -17.14% decline from the last price of $26.55.

$10 $14 $18 $22 $26 $30 High: $22 Avg: $22 Low: $22 Last Closed Price: $26.55

HNVR Stock Rating

Hanover Bancorp stock's rating consensus is Buy, based on 1 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 1 Buy (100.00%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 1 0 1 Strong Sell Sell Hold Buy Strong Buy

HNVR Forecast vs Benchmarks

TypeNameUpside
StockHanover Bancorp-17.14%
SectorFinancial Services Stocks 2.38%
IndustryRegional Banks Stocks7.84%

Price Target Trends

1M3M12M
# Anlaysts--2
Avg Price Target--$21.00
Last Closing Price$26.55$26.55$26.55
Upside/Downside---20.90%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 251-1--2
Dec, 24111--3
Nov, 2411---2
Oct, 2411---2
Sep, 2411---2
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 24, 2024Mark FitzgibbonPiper Sandler$22.00$19.2214.46%-17.14%
Jul 25, 2024Mark FitzgibbonPiper Sandler$20.00$17.6513.31%-24.67%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Oct 24, 2024Piper SandlerOverweightOverweighthold
Jul 25, 2024Piper SandlerOverweightOverweighthold

Financial Forecast

EPS Forecast

Sep 22 Dec 23 Dec 24 Dec 25 Dec 26
Sep 22Dec 23Dec 24Dec 25Dec 26
Reported$3.74----
Avg Forecast$3.34$1.62$1.64$2.36$3.12
High Forecast$3.29$1.62$1.63$2.25$2.90
Low Forecast$3.39$1.62$1.65$2.45$3.34
Surprise %11.98%----

Revenue Forecast

$0 $19M $38M $57M $76M $95M Sep 22 Dec 23 Dec 24 Dec 25 Dec 26
Sep 22Dec 23Dec 24Dec 25Dec 26
Reported$1.70M----
Avg Forecast$69.00M$61.20M$68.50M$82.00M$94.70M
High Forecast$68.18M$61.20M$68.50M$82.00M$94.70M
Low Forecast$69.82M$61.20M$68.50M$82.00M$94.70M
Surprise %-97.54%----

Net Income Forecast

$10M $13M $16M $19M $22M $25M Sep 22 Dec 23 Dec 24 Dec 25 Dec 26
Sep 22Dec 23Dec 24Dec 25Dec 26
Reported$23.56M----
Avg Forecast$23.78M$12.04M$12.19M$17.75M$23.30M
High Forecast$23.42M$12.04M$12.12M$16.69M$21.53M
Low Forecast$24.15M$12.04M$12.26M$18.25M$24.85M
Surprise %-0.96%----

HNVR Forecast FAQ

Is Hanover Bancorp stock a buy?

Hanover Bancorp stock has a consensus rating of Buy, based on 1 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 1 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Hanover Bancorp is a favorable investment for most analysts.

What is Hanover Bancorp's price target?

Hanover Bancorp's price target, set by 1 Wall Street analysts, averages $22 over the next 12 months. The price target range spans from $22 at the low end to $22 at the high end, suggesting a potential -17.14% change from the previous close price of $26.55.

How does Hanover Bancorp stock forecast compare to the average forecast of its sector, industry, and investment themes?

Hanover Bancorp stock forecast shows a -17.14% downside, underperforming the average forecast for the financial services stocks sector (2.38%) and underperforming the regional banks stocks industry (7.84%).

What is the breakdown of analyst ratings for Hanover Bancorp over the past three months?

  • January 2025: 50.00% Strong Buy, 0% Buy, 50.00% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 33.33% Strong Buy, 33.33% Buy, 33.33% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 50.00% Strong Buy, 50.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.

What is Hanover Bancorp’s EPS forecast?

Hanover Bancorp's average annual EPS forecast for its fiscal year ending in September is 1.62 for 2023, a -56.68% decrease from the reported $3.74 in 2022. The prediction for 2024 is $1.64, $2.36 for 2025, and $3.12 for 2026.

What is Hanover Bancorp’s revenue forecast?

Hanover Bancorp's average annual revenue forecast for its fiscal year ending in September is $61.2M for 2023, a 3506.36% increase from the reported $1.7M in 2022. The forecast for 2024 is $68.5M, $82M for 2025, and $94.7M for 2026.

What is Hanover Bancorp’s net income forecast?

For its fiscal year ending in September, Hanover Bancorp's average annual net income forecast is $12.04M for 2023, reflecting a -48.88% decrease from the reported $23.56M in 2022. The projection for 2024 is $12.19M, $17.75M for 2025, and $23.3M for 2026.