Hanover Bancorp Future Growth

Future criteria checks 4/6

Hanover Bancorp is forecast to grow earnings and revenue by 31.6% and 19% per annum respectively. EPS is expected to grow by 62.6% per annum. Return on equity is forecast to be 11.3% in 3 years.

Key information

31.6%

Earnings growth rate

62.6%

EPS growth rate

Banks earnings growth	10.4%
Revenue growth rate	19.0%
Future return on equity	11.3%
Analyst coverage	Low
Last updated	19 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NasdaqGS:HNVR - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	98	24	N/A	N/A	1
12/31/2025	83	18	N/A	N/A	1
12/31/2024	69	12	N/A	N/A	1
9/30/2024	64	13	N/A	N/A	N/A
6/30/2024	62	13	8	9	N/A
3/31/2024	64	15	18	19	N/A
12/31/2023	63	15	15	16	N/A
9/30/2023	60	15	13	16	N/A
6/30/2023	61	17	20	23	N/A
3/31/2023	62	19	20	23	N/A
12/31/2022	64	21	23	25	N/A
9/30/2022	66	23	24	25	N/A
6/30/2022	66	24	22	23	N/A
3/31/2022	62	19	19	20	N/A
12/31/2021	53	16	18	20	N/A
9/30/2021	44	11	11	13	N/A
6/30/2021	34	5	6	8	N/A
3/31/2021	30	7	2	4	N/A
12/31/2020	27	5	0	1	N/A
9/30/2020	27	5	-1	1	N/A
6/30/2020	27	5	N/A	N/A	N/A
3/31/2020	27	5	N/A	N/A	N/A
12/31/2019	27	8	N/A	N/A	N/A
9/30/2019	27	8	6	8	N/A
6/30/2019	25	8	N/A	N/A	N/A
3/31/2019	24	8	N/A	N/A	N/A
12/31/2018	22	7	N/A	N/A	N/A
9/30/2018	19	5	N/A	N/A	N/A
6/30/2018	18	4	N/A	N/A	N/A
3/31/2018	16	2	N/A	N/A	N/A
9/30/2017	13	2	N/A	N/A	N/A
9/30/2016	10	2	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HNVR's forecast earnings growth (31.6% per year) is above the savings rate (2.6%).

Earnings vs Market: HNVR's earnings (31.6% per year) are forecast to grow faster than the US market (15.3% per year).

High Growth Earnings: HNVR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HNVR's revenue (19% per year) is forecast to grow faster than the US market (8.9% per year).

High Growth Revenue: HNVR's revenue (19% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HNVR's Return on Equity is forecast to be low in 3 years time (11.3%).

Hanover Bancorp Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 9.8% to US$22.50

Price target increased by 11% to US$20.50

Price target decreased by 7.5% to US$18.50

Price target decreased by 11% to US$20.00

Recent updates

Price target increased by 9.8% to US$22.50

New minor risk - Financial data availability

Second quarter dividend of US$0.10 announced

Hanover Bancorp, Inc. Reports Net Charge Offs for the Third Quarter Ended September 30, 2024

Hanover Bancorp, Inc. Declares Quarterly Cash Dividend on Common Shares, Payable on November 13, 2024

Price target increased by 11% to US$20.50

Hanover Bancorp, Inc. Appoints Michael Thaden as Director

Independent Director exercised options and sold US$8.1m worth of stock

Second quarter dividend of US$0.10 announced

Hanover Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on August 14, 2024

Insufficient new directors

Investor sentiment improves as stock rises 19%

Hanover Bancorp (NASDAQ:HNVR) Has Announced A Dividend Of $0.10

Second quarter dividend of US$0.10 announced

Price target decreased by 7.5% to US$18.50

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Hanover Bancorp, Inc. Approves Cash Dividend, Payable on May 15, 2024

New minor risk - Market cap size

Independent Director exercised options to buy US$100k worth of stock.

Hanover Bancorp, Inc., Annual General Meeting, Mar 05, 2024

Upcoming dividend of US$0.10 per share at 2.2% yield

First quarter dividend of US$0.10 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Hanover Bancorp, Inc. Approves Cash Dividend on Common Shares, Payable on February 14, 2024

President & Chief Revenue Officer exercised options and sold US$243k worth of stock

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Hanover Bancorp Announces Joseph Burns as Its New Executive Vice President and Chief Lending Officer

Upcoming dividend of US$0.10 per share at 2.2% yield

New major risk - Revenue and earnings growth

Hanover Bancorp (NASDAQ:HNVR) Will Pay A Dividend Of $0.10

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Hanover Bancorp, Inc. Approves Cash Dividend on Common Shares, Payable on November 15, 2023

New major risk - Revenue and earnings growth

Hanover Bancorp's (NASDAQ:HNVR) Dividend Will Be $0.10

Upcoming dividend of US$0.10 per share at 2.2% yield

Hanover Bancorp, Inc. to Report Q3, 2023 Results on Jul 27, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Hanover Bancorp, Inc. Reports Unaudited Net Charge-Offs Results for the Third Quarter Ended June 30, 2023

Price target decreased by 11% to US$20.00

Upcoming dividend of US$0.10 per share at 2.2% yield

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.10 per share at 2.0% yield

Hanover Bancorp, Inc., Annual General Meeting, Feb 21, 2023

Hanover Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 14, 2023

Now 21% undervalued

Now 22% undervalued

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.10 per share

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Hanover Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on November 15, 2022

Hanover Bancorp, Inc. Announces Retirement and Transition Arrangement with Brian K. Finneran

Upcoming dividend of US$0.10 per share

Third quarter 2022 earnings released: EPS: US$0.81 (vs US$0.047 in 3Q 2021)

Hanover Bancorp, Inc. Announces Quarterly Cash Dividend, Payable August 9, 2022

Hanover Bancorp declares $0.10 dividend

Hanover Bancorp, Inc. Announces Quarterly Cash Dividend, Payable June 28, 2022

Second quarter 2022 earnings released: EPS: US$1.02 (vs US$0.49 in 2Q 2021)

Independent Director recently bought US$168k worth of stock

Hanover Bancorp, Inc. has completed an IPO in the amount of $26.775 million.

Now 21% undervalued

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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