
HNVR Stock Forecast & Price Target
HNVR Analyst Ratings
Bulls say
Hanover Bancorp is poised for significant loan growth, with projections for 2025 and 2026 raised to 4.6% and 5.1% respectively, up from previous estimates of 0.8% and 4.5%, primarily driven by increases in commercial and industrial (C&I) and commercial real estate (CRE) lending. Additionally, the bank's overall balance sheet is expected to expand, reflecting both a recovery in loan demand and a notable growth in municipal deposits, which represent approximately 33% of total deposits, a substantial increase from minimal levels prior. Recent adjustments to the financial model indicate a more favorable outlook with lower expenses and a strategic shift toward enhancing the bank's lending capabilities, further supporting the optimistic forecast for Hanover Bancorp.
Bears say
Hanover Bancorp's outlook has been downgraded due to projected reductions in return on assets (ROA), forecasting a decrease from 0.94% to approximately 0.85% by 2026, indicating a less profitable future. Additionally, anticipated declines in quarterly revenues to around $1.7 million to $1.8 million in the second half of the year, driven by weakness in SBA gain on sale, contribute to a bearish financial forecast. Furthermore, the cuts in operating earnings per share (EPS) estimates for 2025 and 2026 by 14% and 6%, respectively, stem from expectations of lower net interest margins and diminished fee income, underscoring significant challenges ahead for the company.
This aggregate rating is based on analysts' research of Hanover Bancorp Inc/NY and is not a guaranteed prediction by Public.com or investment advice.
HNVR Analyst Forecast & Price Prediction
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