Hanover Bancorp (NASDAQ:HNVR) Releases Earnings Results, Misses Expectations By $0.51 EPS
Hanover Bancorp (NASDAQ:HNVR) reported quarterly earnings of $0.00 EPS, significantly missing the consensus estimate of $0.51 by $0.51, and also fell short on revenue expectations, leading to a 3.5% stock decline. The company announced a quarterly dividend of $0.10 per share, yielding approximately 1.7%, and analysts maintain a "Hold" rating with a target price of $24.33 despite a recent target trimming by Piper Sandler. Insider activity included a director selling 5,000 shares, though corporate insiders still own nearly 25% of the stock.