Hanover Bancorp (HNVR)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	141.23 mm	141.23 mm	141.23 mm	141.23 mm	141.23 mm	141.23 mm
Cash burn (monthly)	(no burn)	5.86 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	29.83 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	111.40 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	19.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

HNVR institutional ownership history Ownership history

25.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	19	22	-13.6%
Opened positions	3	3	–
Closed positions	6	1	+500.0%
Increased positions	4	7	-42.9%
Reduced positions	7	6	+16.7%

13F shares	Current	Prev Q	Change
Total value	20.01 bn	17.65 bn	+13.4%
Total shares	1.82 mm	1.78 mm	+2.6%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Castle Creek Capital Partners VIII	705.44 k	$12.54 mm	-0.3%
Alliancebernstein	566.44 k	$10.13 bn	+0.7%
Banc Funds	228.44 k	$4.09 bn	0.0%
Vanguard	94.95 k	$1.70 bn	-16.5%
Fourthstone	49.04 k	$877.36 mm	NEW
Geode Capital Management	43.51 k	$778.62 mm	+46.5%
Bridgeway Capital Management	27.92 k	$499.56 mm	0.0%
Gabelli Funds	25.00 k	$447.25 mm	0.0%
Susquehanna International	19.98 k	$357.42 mm	+53.1%
LPL Financial	18.94 k	$338.91 mm	-30.0%

Largest transactions	Shares	Bought/sold	Change
Fourthstone	49.04 k	+49.04 k	NEW
Vanguard	94.95 k	-18.70 k	-16.5%
BlackRock	14.14 k	+14.14 k	NEW
Geode Capital Management	43.51 k	+13.80 k	+46.5%
BLK BlackRock	0.00	-13.57 k	EXIT
LPL Financial	18.94 k	-8.11 k	-30.0%
Susquehanna International	19.98 k	+6.93 k	+53.1%
Alliancebernstein	566.44 k	+3.81 k	+0.7%
Renaissance Technologies	13.60 k	+3.30 k	+32.0%
Castle Creek Capital Partners VIII	705.44 k	-2.06 k	-0.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

HNVR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Feb 25	Lisa A Diiorio	Common Stock	Payment of exercise	Dispose F	No	No	25.53	82	2.09 k	15,303
20 Feb 25	Lisa A Diiorio	Common Stock	Payment of exercise	Dispose F	No	No	25.53	426	10.88 k	15,385
20 Feb 25	Michael P Puorro	Common Stock	Payment of exercise	Dispose F	No	No	25.53	814	20.78 k	304,980
20 Feb 25	Michael P Puorro	Common Stock	Payment of exercise	Dispose F	No	No	25.53	681	17.39 k	305,794
20 Feb 25	Michael P Puorro	Common Stock	Payment of exercise	Dispose F	No	No	25.53	3,114	79.50 k	306,475
20 Feb 25	Kevin Corbett	Common Stock	Payment of exercise	Dispose F	No	No	25.53	202	5.16 k	24,374
20 Feb 25	Kevin Corbett	Common Stock	Payment of exercise	Dispose F	No	No	25.53	168	4.29 k	24,576
20 Feb 25	Kevin Corbett	Common Stock	Payment of exercise	Dispose F	No	No	25.53	794	20.27 k	24,744
20 Feb 25	McClelland W Wilcox	Common Stock	Payment of exercise	Dispose F	No	No	25.53	856	21.85 k	96,147
20 Feb 25	McClelland W Wilcox	Common Stock	Payment of exercise	Dispose F	No	No	25.53	731	18.66 k	97,003

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Earnings Summary: Hanover Bancorp Q4

29 Jan 25

Press releases

From Benzinga Pro

Hanover Bancorp, Inc. Reports 2024 Full Year And Fourth Quarter Results Highlighted by Fourth Quarter Robust Margin Expansion and Record Non-interest Income

29 Jan 25

Fourth Quarter Performance Highlights Net Income: Net income for the quarter ended December 31, 2024 totaled $3.9 million or $0.52 per diluted share (including Series A preferred shares).Record Non-interest