the “new” hanover community bank is now offering a full range of business and related financial services focused primarily towards serving small to medium size businesses, the professional community, and local residents. hanover community bank will continue to operate as a locally-based commercial community bank serving the banking needs of individuals, professionals and businesses in a demographic that recognizes the value of local decision making. all our banking and credit decisions are made “right here” and not by some commercial lender in another state. bank officers and employees will take the time necessary to understand the particular needs of each of their customers and develop the type of consultative relationship desired. our customer base will know who they are banking with at all times. as a locally owned and operated commercial community bank, there will be an extreme focus on service that is highly personalized, resourceful, and responsive to local needs.
Company profile
Ticker
HNVR
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
813324480
HNVR stock data
Latest filings (excl ownership)
8-K
Hanover Bancorp, Inc. Reports Earnings for the First Quarter
17 Apr 24
8-K
Submission of Matters to a Vote of Security Holders
6 Mar 24
EFFECT
Notice of effectiveness
21 Feb 24
S-3/A
Shelf registration (amended)
16 Feb 24
10-QT
Quarterly report for transitional period
13 Feb 24
DEF 14A
Definitive proxy
9 Feb 24
8-K
Hanover Bancorp, Inc. Reports Earnings for the Fourth Calendar Quarter highlighted by Increased Net Income and Net Interest Income and Strong
24 Jan 24
S-3
Shelf registration
24 Jan 24
PRE 14A
Preliminary proxy
24 Jan 24
8-K
Amendments to Articles of Incorporation or Bylaws
22 Dec 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Sep 23 | Sep 22 | Sep 21 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 192.62 mm | 192.62 mm | 192.62 mm | 192.62 mm | 192.62 mm | 192.62 mm |
Cash burn (monthly) | 6.30 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 42.90 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 149.73 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 23.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
16.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 10 |
Opened positions | 1 |
Closed positions | 7 |
Increased positions | 4 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 3.98 bn |
Total shares | 1.16 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Castle Creek Capital Partners VIII | 707.50 k | $0.00 |
Banc Funds | 228.44 k | $4.04 mm |
Vanguard | 160.20 k | $2.83 bn |
Gabelli Funds | 25.00 k | $441.75 mm |
TETAA Teton Advisors | 15.00 k | $265.05 mm |
BLK Blackrock | 12.34 k | $218.01 mm |
Stephens | 12.22 k | $215.91 mm |
RY Royal Bank Of Canada | 176.00 | $3.00 mm |
Tower Research Capital | 118.00 | $2.09 mm |
BAC Bank Of America | 4.00 | $71.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Apr 24 | McClelland W Wilcox | Common Stock | Buy | Acquire P | No | No | 16.91 | 200 | 3.38 k | 81,287 |
22 Apr 24 | Michael P Puorro | Common Stock | Buy | Acquire P | No | No | 16.58 | 200 | 3.32 k | 277,488 |
22 Apr 24 | Elena Sisti | Common Stock | Buy | Acquire P | No | No | 16.95 | 2,000 | 33.90 k | 101,878 |
9 Apr 24 | Michael David M.D. Katz | Common Stock | Option exercise | Acquire M | No | No | 10 | 7,057 | 70.57 k | 154,279 |
9 Apr 24 | Michael David M.D. Katz | NQSO Common Stock | Option exercise | Dispose M | No | No | 10 | 7,057 | 70.57 k | 0 |
1 Mar 24 | John R Sorrenti | Common Stock | Grant | Acquire A | No | No | 0 | 2,117 | 0.00 | 44,286 |