The average rating for this firm, Hanover Bancorp, is 'Strong Buy' according to two analysts. Our advisory tool can cross-verify the current
analyst consensus on Hanover Bancorp and assess the company's potential for growth in the current economic cycle.
Continual analysis of Hanover
Hanover Bancorp's stock, currently quoted at $18.03, presents an exciting investment opportunity in 2023. The company has shown a promising potential upside of
2, coupled with a robust rate of daily change of 1.01, indicating a strong momentum in its stock price. Despite a maximum drawdown of 5.69, the company's risk-adjusted performance stands at 0.0077, reflecting a healthy risk-return trade-off. The accumulation distribution of 32.45 and a daily balance of power of 0.875 further suggest a strong investor interest and bullish sentiment in the market. While the company reported a loss of $0.05 in total risk alpha, the positive skewness of 0.5511 and a mean deviation of 0.6994 point towards a favorable risk profile.
The successful prediction of Hanover Bancorp
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Hanover Bancorp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Hanover Bancorp based on Hanover Bancorp hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Hanover Bancorp's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Hanover Bancorp's related companies.
Use Technical Analysis to project Hanover expected Price
Hanover Bancorp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Hanover Bancorp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hanover Bancorp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Hanover Bancorp Gross Profit
Hanover Bancorp Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Hanover Bancorp previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Hanover Bancorp Gross Profit growth over the last 10 years. Please check Hanover Bancorp's
gross profit and other
fundamental indicators for more details.
Another angle On Hanover Bancorp
The company reported the previous year's revenue of 1.7
M. Net Income was 23.56
M with profit before overhead, payroll, taxes, and interest of 65.68
M.
| 2020 | 2021 | 2022 | 2023 (projected) |
Share Based Compensation | 901 K | 1.68 M | 1.94 M | 1.67 M | Net Cash Flow from Operations | 13.19 M | 25.05 M | 28.81 M | 31.08 M |
Revenues Breakdown
Hanover Bancorp Revenues yearly trend continues to be relatively stable with very little volatility. Revenues is likely to drop to about 66.2
M. Revenues usually refers to the amount of Revenue recognised from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses. Where this item is not contained on the company consolidated financial statements and cannot otherwise be imputed the value of 0 is used. Hanover Bancorp Revenues is relatively stable at the moment as compared to the past year. Hanover Bancorp reported last year Revenues of 75.53 Million
| 2010 | 27.24 Million |
| 2020 | 44.06 Million |
| 2021 | 65.68 Million |
| 2022 | 75.53 Million |
| 2023 | 66.18 Million |
Hanover Bancorp, a prominent player in the Banks-Regional industry, is demonstrating promising investment opportunities in 2023. With a market capitalization of
$129.4M and total assets of
$1.84B, the company's financial stability is evident. Hanover Bancorp's return on equity stands at 0.13, indicating the company's profitability in relation to shareholder's equity. The company's price to earnings ratio is 5.38X, suggesting that the stock is reasonably priced relative to its earnings. Moreover, the price to book ratio is 0.85X, indicating that the market values the company less than its book value, presenting a potential opportunity for investors. Hanover Bancorp's operating margin and profit margin stand at 0.42% and 0.32% respectively, demonstrating the company's ability to manage its operational costs and generate profits. The company's net income is a healthy $23.56M, further underscoring its profitability. Despite a probability of bankruptcy at 71.40%, the company's risk-adjusted performance of 0.0077 and a downside deviation of 1.32 suggest that the company has managed its risks effectively. With a target price of $21 and a current valuation of $103.29M, Hanover Bancorp presents a potential upside for investors.
Momentum Analysis of Hanover Bancorp suggests possible reversal in August
Hanover Bancorp's stock has demonstrated a significant decrease in variance, currently standing at 1.28. This indicates a stabilization in the stock's performance, which could suggest a less risky investment. However, this diminished volatility, along with other market indicators, points to a potential reversal in the stock's momentum in August. Investors should closely monitor Hanover Bancorp's stock in the upcoming weeks, as this could provide an opportune moment to adjust their portfolios. As of July 13, 2023, Hanover Bancorp maintains a Market Risk Adjusted Performance of -0.022653, a downside deviation of 1.32, and a Risk Adjusted Performance of 0.0077. Technical analysis of Hanover Bancorp allows investors to utilize historical prices and volume momentum to identify a pattern that predicts the direction of the company's future prices. In simple terms, this information can be used to determine if the company will continue to follow its pattern of historical price patterns, or if the prices will eventually revert. We have been able to interpolate and analyze data for nineteen technical drivers for Hanover Bancorp, which can be compared to its
competitors. Please review Hanover Bancorp's coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Hanover Bancorp is priced fairly, given its last-minute price of 18.03 per share.
Considering that Hanover Bancorp has a Jensen Alpha of -0.007269, we strongly recommend that you verify Hanover Bancorp's regular market performance to ensure the company can sustain itself in the future. In conclusion, Hanover Bancorp presents a compelling investment opportunity for 2023. The stock currently holds a strong buy consensus from analysts, with
2 strong buy recommendations. The estimated target price ranges from
$20 to
$22, indicating a potential upside from the current market valuation of $18.03. The valuation real value stands at $19.39, which is above the naive expected forecast value of $18.12, suggesting that the stock may be undervalued. However, investors should also consider the possible downside price of $17.03. The fiscal year end in September could also bring significant changes to the stock's performance. Therefore, while Hanover Bancorp shows promising prospects, investors should carefully consider these factors before making a decision. .
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Nico Santiago is a PR Contributor to Macroaxis Editorial Board. Nico is a relatively new author here at Macroaxis and he likes to work on advertising and sponsored content and marketing for the company. Nico spends most of his time surfing when the weather is nice and he spends the rest of the year writing for various blogs and companies, as he works on his upcoming books, The Rise of the Financial Machines and Time Series Modelling with AI.
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