Sections
1. Investment Snapshot
2. Price Chart
3. Valuation & Price Target
4. Business & Product Moat
5. Market & Macro
Discussion
Investment Snapshot
Price Chart
Valuation & Price Target
Business & Product Moat
Market & Macro
Discussion
Hanover Bancorp, Inc. /MD
Investment Snapshot
Symbol
HNVR
IPO Date (Actual)
2022-05-11
Offer Range
$21.00
Shares Offered
1.3M
Total Shares Post-IPO
8.4M
Market Cap
—
Target Price
$00.00Implied Upside vs Midpoint
$00.00Use of Proceeds
—
Price Chart
Historic Price Chart - HNVR
Valuation & Price Target
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Business & Product Moat
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Competitor Set
████████████████████Market & Macro
Sector context: State Commercial Banks
Same-industry IPOs from the last 365 days (as of 2026-06-04). Returns from IPO open price.
Median IPO open → current
-27.7%
win 50% · n=4Median first month
+4.9%
win 75% · n=4| Company | IPO Date | Open → Current | First Month |
|---|---|---|---|
FRMI Fermi Inc. | 2025-10-01 | -76.1% | +4.4% |
AVBH Avidbank Holdings, Inc. | 2025-08-08 | +30.3% | +8.8% |
LHAI Linkhome Holdings Inc. | 2025-07-24 | -86.0% | +5.3% |
COSO CoastalSouth Bancshares, Inc. | 2025-07-02 | +20.7% | -4.3% |