Hanover Bancorp (HNVR) Stock Forecast, Price Target & Predictions
HNVR Stock Forecast
Hanover Bancorp stock forecast is as follows: an average price target of $20.00 (represents a 9.65% upside from HNVR’s last price of $18.24) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.
HNVR Price Target
The average price target for Hanover Bancorp (HNVR) is $20.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $20.00. This represents a potential 9.65% upside from HNVR's last price of $18.24.
HNVR Analyst Ratings
According to 1 Wall Street analysts, Hanover Bancorp's rating consensus is 'Buy'. The analyst rating breakdown for HNVR stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Hanover Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 25, 2024 | Mark Fitzgibbon | Piper Sandler | $20.00 | $17.65 | 13.30% | 9.65% |
The latest Hanover Bancorp stock forecast, released on Jul 25, 2024 by Mark Fitzgibbon from Piper Sandler, set a price target of $20.00, which represents a 13.30% increase from the stock price at the time of the forecast ($17.65), and a 9.65% increase from HNVR last price ($18.24).
Hanover Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $20.00 | $20.00 |
| Last Closing Price | $18.24 | $18.24 | $18.24 |
| Upside/Downside | -100.00% | 9.65% | 9.65% |
In the current month, the average price target of Hanover Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Hanover Bancorp's last price of $18.24. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 25, 2024 | Piper Sandler | Overweight | Overweight | Hold |
Hanover Bancorp's last stock rating was published by Piper Sandler on Jul 25, 2024. The company gave HNVR a "Overweight" rating, the same as its previous rate.
Hanover Bancorp Financial Forecast
Hanover Bancorp Revenue Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $15.51M | $15.48M | $15.68M | $16.68M | $1.70M | - |
| Avg Forecast | $21.80M | $22.40M | $21.30M | $20.20M | $19.30M | $18.50M | $17.50M | $17.00M | $15.90M | $15.40M | $14.80M | $16.80M | $19.30M | $19.30M | $17.80M | $17.80M |
| High Forecast | $22.29M | $22.90M | $21.78M | $20.65M | $19.73M | $18.91M | $17.89M | $17.38M | $16.26M | $15.74M | $15.13M | $17.18M | $19.73M | $19.73M | $18.20M | $17.80M |
| Low Forecast | $21.31M | $21.90M | $20.82M | $19.75M | $18.87M | $18.09M | $17.11M | $16.62M | $15.54M | $15.06M | $14.47M | $16.42M | $18.87M | $18.87M | $17.40M | $17.80M |
| # Analysts | - | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.92% | 0.81% | 0.86% | 0.10% | - |
Hanover Bancorp's average Quarter revenue forecast for Dec 23 based on 1 analysts is $15.40M, with a low forecast of $15.06M, and a high forecast of $15.74M. HNVR's average Quarter revenue forecast represents a -0.68% decrease compared to the company's last Quarter revenue of $15.51M (Sep 23).
Hanover Bancorp EBITDA Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $1.48M | $41.00K | $15.32M | $14.65M | $11.17M | - |
| Avg Forecast | $7.06M | $7.25M | $6.90M | $6.54M | $6.25M | $5.99M | $5.67M | $5.51M | $5.15M | $4.99M | $4.79M | $5.44M | $6.25M | $6.25M | $5.76M | $5.76M |
| High Forecast | $7.22M | $7.42M | $7.05M | $6.69M | $6.39M | $6.13M | $5.79M | $5.63M | $5.26M | $5.10M | $4.90M | $5.56M | $6.39M | $6.39M | $5.89M | $5.76M |
| Low Forecast | $6.90M | $7.09M | $6.74M | $6.40M | $6.11M | $5.86M | $5.54M | $5.38M | $5.03M | $4.88M | $4.69M | $5.32M | $6.11M | $6.11M | $5.64M | $5.76M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.31% | 0.01% | 2.45% | 2.34% | 1.94% | - |
1 analysts predict HNVR's average Quarter EBITDA for Dec 23 to be $4.99M, with a high of $5.10M and a low of $4.88M. This is 236.30% upper than Hanover Bancorp's previous annual EBITDA (Sep 23) of $1.48M.
Hanover Bancorp Net Income Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | - | - | - | - | $3.52M | $3.09M | $3.21M | $5.34M | $5.82M | - |
| Avg Forecast | $5.98M | $4.90M | $4.36M | $3.78M | $3.28M | $3.24M | $3.21M | $3.46M | $3.06M | $2.67M | $2.56M | $4.21M | $5.73M | $5.73M | $5.69M | $14.64M |
| High Forecast | $6.15M | $5.04M | $4.49M | $3.89M | $3.37M | $3.34M | $3.30M | $3.56M | $3.15M | $2.74M | $2.63M | $4.34M | $5.89M | $5.89M | $5.86M | $17.57M |
| Low Forecast | $5.81M | $4.76M | $4.23M | $3.67M | $3.18M | $3.15M | $3.11M | $3.36M | $2.97M | $2.59M | $2.48M | $4.09M | $5.56M | $5.56M | $5.53M | $11.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.38% | 0.73% | 0.56% | 0.93% | 1.02% | - |
Hanover Bancorp's average Quarter net income forecast for Dec 23 is $2.67M, with a range of $2.59M to $2.74M. HNVR's average Quarter net income forecast represents a -24.33% decrease compared to the company's last Quarter net income of $3.52M (Sep 23).
Hanover Bancorp SG&A Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - | $6.25M | $6.18M | $5.75M | $4.48M | $4.81M | - |
| Avg Forecast | $62.26M | $63.98M | $60.83M | $57.69M | $55.12M | $52.84M | $49.98M | $48.55M | $45.41M | $43.98M | $42.27M | $47.98M | $55.12M | $55.12M | $50.84M | $682.57K |
| High Forecast | $63.66M | $65.41M | $62.20M | $58.98M | $56.36M | $54.02M | $51.10M | $49.64M | $46.43M | $44.97M | $43.22M | $49.06M | $56.36M | $56.36M | $51.98M | $819.09K |
| Low Forecast | $60.87M | $62.54M | $59.47M | $56.40M | $53.89M | $51.65M | $48.86M | $47.47M | $44.39M | $43.00M | $41.32M | $46.91M | $53.89M | $53.89M | $49.70M | $546.06K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.15% | 0.13% | 0.10% | 0.08% | 0.09% | - |
Hanover Bancorp's average Quarter SG&A projection for Dec 23 is $43.98M, based on 1 Wall Street analysts, with a range of $43.00M to $44.97M. The forecast indicates a 603.40% rise compared to HNVR last annual SG&A of $6.25M (Sep 23).
Hanover Bancorp EPS Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | $0.48 | $0.42 | $0.44 | $0.73 | $0.80 | - |
| Avg Forecast | $0.83 | $0.68 | $0.60 | $0.53 | $0.46 | $0.45 | $0.45 | $0.48 | $0.42 | $0.37 | $0.35 | $0.58 | $0.80 | $0.80 | $0.79 | $0.79 |
| High Forecast | $0.85 | $0.70 | $0.62 | $0.54 | $0.47 | $0.46 | $0.46 | $0.49 | $0.44 | $0.38 | $0.37 | $0.60 | $0.82 | $0.82 | $0.81 | $0.79 |
| Low Forecast | $0.81 | $0.66 | $0.59 | $0.51 | $0.44 | $0.44 | $0.43 | $0.47 | $0.41 | $0.36 | $0.34 | $0.57 | $0.77 | $0.77 | $0.77 | $0.79 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.35% | 0.72% | 0.55% | 0.92% | 1.01% | - |
According to 1 Wall Street analysts, Hanover Bancorp's projected average Quarter EPS for Dec 23 is $0.37, with a low estimate of $0.36 and a high estimate of $0.38. This represents a -22.92% decrease compared to HNVR previous annual EPS of $0.48 (Sep 23).
HNVR Forecast FAQ
Is Hanover Bancorp a good buy?
Yes, according to 1 Wall Street analysts, Hanover Bancorp (HNVR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of HNVR's total ratings.
What is HNVR's price target?
Hanover Bancorp (HNVR) average price target is $20 with a range of $20 to $20, implying a 9.65% from its last price of $18.24. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Hanover Bancorp stock go up soon?
According to Wall Street analysts' prediction for HNVR stock, the company can go up by 9.65% (from the last price of $18.24 to the average price target of $20), up by 9.65% based on the highest stock price target, and up by 9.65% based on the lowest stock price target.
Can Hanover Bancorp stock reach $30?
HNVR's average twelve months analyst stock price target of $20 does not support the claim that Hanover Bancorp can reach $30 in the near future.
What are Hanover Bancorp's analysts' financial forecasts?
Hanover Bancorp's analysts financial forecasts for the fiscal year (Sep 2024) are as follows: average revenue is $65.8M (high $67.27M, low $64.33M), average EBITDA is $21.31M (high $21.79M, low $20.83M), average net income is $12.39M (high $12.75M, low $12.03M), average SG&A $187.93M (high $192.14M, low $183.72M), and average EPS is $1.72 (high $1.77, low $1.67). HNVR's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $79.3M (high $81.08M, low $77.52M), average EBITDA is $25.68M (high $26.26M, low $25.11M), average net income is $14.66M (high $15.09M, low $14.23M), average SG&A $226.49M (high $231.56M, low $221.42M), and average EPS is $2.04 (high $2.09, low $1.98).
Did the HNVR's actual financial results beat the analysts' financial forecasts?
Based on Hanover Bancorp's last annual report (Sep 2023), the company's revenue was $63.34M, which missed the average analysts forecast of $70.2M by -9.77%. Apple's EBITDA was $1.77M, missing the average prediction of $22.73M by -92.21%. The company's net income was $15.16M, missing the average estimation of $18.23M by -16.81%. Apple's SG&A was $23.86M, missing the average forecast of $200.5M by -88.10%. Lastly, the company's EPS was $2.07, missing the average prediction of $2.53 by -18.18%. In terms of the last quarterly report (Sep 2023), Hanover Bancorp's revenue was $15.51M, beating the average analysts' forecast of $14.8M by 4.77%. The company's EBITDA was $1.48M, missing the average prediction of $4.79M by -69.06%. Hanover Bancorp's net income was $3.52M, beating the average estimation of $2.56M by 37.74%. The company's SG&A was $6.25M, missing the average forecast of $42.27M by -85.21%. Lastly, the company's EPS was $0.48, beating the average prediction of $0.355 by 35.21%