Hanover Bancorp, Inc. /MD(HNVR)Stock Analysis
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This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
HNVR Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Hanover Bancorp, Inc. /MD (HNVR), a Financials sector company. HNVR is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q2 2026), Hanover Bancorp, Inc. /MD reports net income of $1.9M, free cash flow of $-2.7M. Top institutional holders of HNVR by reported 13-F value include Fourthstone, ALLIANCEBERNSTEIN L.P., VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. HNVR trades on the Nasdaq exchange and files with the SEC under CIK 1828588. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HNVR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Hanover Bancorp, Inc. /MD directly from SEC EDGAR.
Net Income
Q2 2026
$1.9M
Free Cash Flow
Q2 2026
$-2.7M
ROIC
Q2 2026
1.5%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+117.1% YoYEPS (Diluted)
+61.4% YoYTotal Assets
+23.9% YoYTotal Debt
-36.3% YoYOp. Cash Flow
+90.1% YoY| Metric | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|
| Net Income | $23.6M +117.1% | $10.9M | — |
| EPS (Diluted) | $3.68 +61.4% | $2.28 | — |
| Total Assets | $1.84B +23.9% | $1.48B | — |
| Total Debt | $101.8M -36.3% | $159.6M | — |
| Operating Cash Flow | $25.1M +90.1% | $13.2M | — |
AI Insight: HNVR Financial Trends
Hanover Bancorp reduced total debt from $149M to $60M over eight quarters while maintaining stable equity around $200M.
• Total debt declined significantly from $149M in Q2 2024 to $60M in Q1 2026, a 60% reduction.
• Equity remained stable, growing modestly from $190M in Q2 2024 to $201M in Q1 2026.
• Net income volatility persisted, ranging from $0M in Q4 2025 to $4M in Q3 and Q4 2024.
⚠ Operating cash flow turned negative to -$3M in Q1 2026 after positive $8M in Q4 2025.
⚠ Net income dropped to $0M in Q4 2025, the lowest level in the eight-quarter period.
AI Insight: HNVR Ratio Trends
ROE and ROIC collapsed in Q4 2025 to near-zero levels before recovering in Q1 2026, while leverage improved substantially with D/E falling from 0.78 to 0.30.
• D/E ratio improved dramatically from 0.78 in Q2 2024 to 0.30 in Q1 2026, indicating significant deleveraging.
• ROE recovered from 0.1% in Q4 2025 to 3.7% in Q1 2026, though still below historical peaks.
• ROIC showed similar recovery pattern, rising from 0.2% in Q4 2025 to 4.5% in Q1 2026.
⚠ Profitability remains volatile with sharp Q4 2025 collapse requiring monitoring for potential recurring issues.
⚠ Current ROE of 3.7% remains well below the 7.9% peak achieved in Q4 2024.
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Available Research
13F Pro tracks comprehensive data for Hanover Bancorp, Inc. /MD including:
Top Institutional Holders of HNVR
Fourthstone LLC
$11.3M521,651 shALLIANCEBERNSTEIN L.P.
$7.3M317,382 shVANGUARD CAPITAL MANAGEMENT LLC
$5.5M255,401 shBlackRock, Inc.
$4.9M227,196 shGEODE CAPITAL MANAGEMENT, LLC
$1.9M88,710 shBANC FUNDS CO LLC
$1.7M76,757 shSTATE STREET CORP
$839.1K38,867 shNORTHERN TRUST CORP
$835.3K38,691 shGOLDMAN SACHS GROUP INC
$715.0K33,118 shDIMENSIONAL FUND ADVISORS LP
$683.1K31,643 sh
| Fund | Value | Shares |
|---|---|---|
| Fourthstone LLC | $11.3M | 521,651 |
| ALLIANCEBERNSTEIN L.P. | $7.3M | 317,382 |
| VANGUARD CAPITAL MANAGEMENT LLC | $5.5M | 255,401 |
| BlackRock, Inc. | $4.9M | 227,196 |
| GEODE CAPITAL MANAGEMENT, LLC | $1.9M | 88,710 |
| BANC FUNDS CO LLC | $1.7M | 76,757 |
| STATE STREET CORP | $839.1K | 38,867 |
| NORTHERN TRUST CORP | $835.3K | 38,691 |
| GOLDMAN SACHS GROUP INC | $715.0K | 33,118 |
| DIMENSIONAL FUND ADVISORS LP | $683.1K | 31,643 |
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Popular Research
Is HNVR a good stock to buy?
13F Pro's AI-powered analysis of Hanover Bancorp, Inc. /MD (HNVR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HNVR are available on the HNVR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own HNVR?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HNVR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Hanover Bancorp, Inc. /MD's investment landscape.