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

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HNVR Stock Forecast

Hanover Bancorp stock forecast is as follows: an average price target of $22.00 (represents a 3.24% upside from HNVR’s last price of $21.31) 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 $22.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $22.00. This represents a potential 3.24% upside from HNVR's last price of $21.31.

HNVR Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 24, 2024Mark FitzgibbonPiper Sandler$22.00$19.2214.46%3.24%
Jul 25, 2024Mark FitzgibbonPiper Sandler$20.00$17.6513.30%-6.15%
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The latest Hanover Bancorp stock forecast, released on Oct 24, 2024 by Mark Fitzgibbon from Piper Sandler, set a price target of $22.00, which represents a 14.46% increase from the stock price at the time of the forecast ($19.22), and a 3.24% increase from HNVR last price ($21.31).

Hanover Bancorp Price Target by Period

1M3M12M
# Anlaysts112
Avg Price Target$22.00$22.00$21.00
Last Closing Price$21.31$21.31$21.31
Upside/Downside3.24%3.24%-1.45%

In the current month, the average price target of Hanover Bancorp stock is $22.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 3.24% increase as opposed to Hanover Bancorp's last price of $21.31. This month's average price target is down 0.00% compared to last quarter, and up 4.76% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 24, 2024Piper SandlerOverweightOverweightHold
Jul 25, 2024Piper SandlerOverweightOverweightHold
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Hanover Bancorp's last stock rating was published by Piper Sandler on Oct 24, 2024. The company gave HNVR a "Overweight" rating, the same as its previous rate.

Hanover Bancorp Financial Forecast

Hanover Bancorp Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
Revenue-------------$15.51M$15.48M$15.68M$16.68M$1.70M
Avg Forecast$25.40M$24.70M$24.20M$23.50M$22.60M$21.50M$20.30M$19.00M$17.80M$17.30M$17.00M$15.90M$15.40M$14.80M$16.80M$19.30M$19.30M$17.80M
High Forecast$25.60M$24.90M$24.39M$23.69M$22.78M$21.67M$20.46M$19.15M$17.94M$17.44M$17.14M$16.03M$15.52M$15.10M$16.93M$19.45M$19.45M$17.80M
Low Forecast$25.20M$24.50M$24.01M$23.31M$22.42M$21.33M$20.14M$18.85M$17.66M$17.16M$16.86M$15.77M$15.28M$14.50M$16.67M$19.15M$19.15M$17.80M
# Analysts111111111111111111
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 $15.28M, and a high forecast of $15.52M. 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

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
# Analysts111111111111111111
EBITDA-------------$1.48M$41.00K$15.32M$14.65M$11.17M
Avg Forecast$8.23M$8.00M$7.84M$7.61M$7.32M$6.96M$6.57M$6.15M$5.76M$5.60M$5.51M$5.15M$4.99M$4.79M$5.44M$6.25M$6.25M$5.76M
High Forecast$8.29M$8.06M$7.90M$7.67M$7.38M$7.02M$6.63M$6.20M$5.81M$5.65M$5.55M$5.19M$5.03M$4.89M$5.48M$6.30M$6.30M$5.76M
Low Forecast$8.16M$7.94M$7.78M$7.55M$7.26M$6.91M$6.52M$6.10M$5.72M$5.56M$5.46M$5.11M$4.95M$4.70M$5.40M$6.20M$6.20M$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 $5.03M and a low of $4.95M. This is 236.30% upper than Hanover Bancorp's previous annual EBITDA (Sep 23) of $1.48M.

Hanover Bancorp Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
# Analysts111111111111111111
Net Income-------------$3.52M$3.09M$3.21M$5.34M$5.82M
Avg Forecast$6.62M$6.43M$6.06M$5.76M$5.47M$4.83M$4.24M$3.64M$3.46M$3.20M$3.57M$3.16M$2.75M$2.64M$4.35M$5.91M$5.91M$5.69M
High Forecast$6.69M$6.50M$6.12M$5.82M$5.52M$4.88M$4.28M$3.68M$3.49M$3.23M$3.61M$3.19M$2.78M$2.70M$4.40M$5.97M$6.10M$5.69M
Low Forecast$6.55M$6.37M$6.00M$5.70M$5.41M$4.78M$4.19M$3.61M$3.42M$3.16M$3.53M$3.13M$2.72M$2.58M$4.31M$5.85M$5.73M$5.69M
Surprise %-------------1.33%0.71%0.54%0.90%1.02%

Hanover Bancorp's average Quarter net income forecast for Dec 23 is $2.75M, with a range of $2.72M to $2.78M. HNVR's average Quarter net income forecast represents a -21.90% decrease compared to the company's last Quarter net income of $3.52M (Sep 23).

Hanover Bancorp SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
# Analysts111111111111111111
SG&A-------------$6.25M$6.18M$5.75M$4.48M$4.81M
Avg Forecast$72.54M$70.54M$69.12M$67.12M$64.55M$61.41M$57.98M$54.27M$50.84M$49.41M$48.55M$45.41M$43.98M$42.27M$47.98M$55.12M$55.12M$50.84M
High Forecast$73.12M$71.11M$69.67M$67.65M$65.06M$61.89M$58.44M$54.70M$51.24M$49.80M$48.94M$45.77M$44.33M$43.13M$48.36M$55.56M$55.56M$50.84M
Low Forecast$71.97M$69.98M$68.57M$66.58M$64.03M$60.92M$57.52M$53.83M$50.43M$49.02M$48.17M$45.05M$43.63M$41.41M$47.60M$54.68M$54.68M$50.84M
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 $43.63M to $44.33M. The forecast indicates a 603.40% rise compared to HNVR last annual SG&A of $6.25M (Sep 23).

Hanover Bancorp EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
# Analysts111111111111111111
EPS-------------$0.48$0.42$0.44$0.73$0.80
Avg Forecast$0.89$0.86$0.81$0.78$0.73$0.65$0.57$0.49$0.47$0.43$0.48$0.42$0.37$0.35$0.58$0.80$0.80$0.79
High Forecast$0.90$0.87$0.82$0.78$0.74$0.66$0.58$0.50$0.47$0.43$0.48$0.43$0.37$0.36$0.59$0.80$0.82$0.79
Low Forecast$0.88$0.86$0.81$0.77$0.73$0.64$0.56$0.48$0.46$0.43$0.48$0.42$0.37$0.35$0.58$0.79$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 $0.37 and a high estimate of $0.37. 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 $22 with a range of $22 to $22, implying a 3.24% from its last price of $21.31. 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 3.24% (from the last price of $21.31 to the average price target of $22), up by 3.24% based on the highest stock price target, and up by 3.24% based on the lowest stock price target.

Can Hanover Bancorp stock reach $30?

HNVR's average twelve months analyst stock price target of $22 does not support the claim that Hanover Bancorp can reach $30 in the near future.

What is Hanover Bancorp's current price target trend?

1 Wall Street analyst forecast a $22 price target for Hanover Bancorp (HNVR) this month, up 3.24% from its last price of $21.31. Compared to the last 3 and 12 months, the average price target increased by 3.24% and decreased by -1.45%, respectively.

What are Hanover Bancorp's analysts' financial forecasts?

Hanover Bancorp's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $78.6M (high $79.22M, low $77.98M), average EBITDA is $25.46M (high $25.66M, low $25.25M), average net income is $16.17M (high $16.34M, low $16.01M), average SG&A $224.49M (high $226.27M, low $222.7M), and average EPS is $2.17 (high $2.2, low $2.15). HNVR's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $95M (high $95.76M, low $94.24M), average EBITDA is $30.77M (high $31.01M, low $30.52M), average net income is $23.72M (high $23.97M, low $23.48M), average SG&A $271.33M (high $273.48M, low $269.17M), and average EPS is $3.19 (high $3.22, low $3.16).

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 $18.81M by -19.40%. 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 $2.64M by 33.46%. 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%