HNVR Should I Buy
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Hanover Bancorp Inc (HNVR) is not a strong buy at this moment for a beginner investor with a long-term strategy. The technical indicators show a bearish trend, and there are no significant positive catalysts or proprietary trading signals to support immediate action. The stock's financial performance is mixed, with revenue growth but declining net income and EPS. Analysts maintain an Overweight rating but have slightly reduced the price target. Given the lack of strong upward momentum and no recent news or influential trading activity, holding or waiting for further developments is recommended.
The MACD is negative and expanding, indicating a bearish trend. RSI is at 19.911, signaling the stock is oversold. Moving averages are converging, suggesting indecision in the market. The pre-market price of $22.515 is near the S1 support level of $22.586, with further downside risk towards S2 at $22.211.
Analysts maintain an Overweight rating, and Piper Sandler suggests any outsized weakness could be an attractive entry point. Revenue increased by 7.18% YoY in Q3 2025.
Net income and EPS have declined YoY. MACD and RSI indicate bearish momentum. No recent news, significant trading trends, or influential trading activity to drive the stock higher.
In Q3 2025, revenue increased by 7.18% YoY to $17,655,000, but net income dropped by 0.79% YoY to $3,403,000, and EPS declined by 2.08% YoY to $0.47. Gross margin remained flat.
Piper Sandler recently lowered the price target from $27 to $26.50 while maintaining an Overweight rating. Analysts expect core profitability to improve in the coming quarters due to better net interest margins, higher loan sale gains, and expense discipline.
