Hanover Bancorp, Inc.
Hanover Bancorp, Inc. (NASDAQ: HNVR) is trading at $26.51, about ₹2,543 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 1.73% today. Indian residents can buy Hanover Bancorp from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$26.18
Today's high
$26.79
52 week low
$19.91
52 week high
$27.94
HNVR opened at $26.18, closed previously at $26.06, and has traded between $19.91 and $27.94 over the past 52 weeks.
About
Hanover Bancorp, Inc. functions as the parent entity for Hanover Community Bank, providing a comprehensive range of financial products and services. These offerings serve individuals, municipalities, and small to mid-sized businesses across the New York metropolitan area. The bank's extensive portfolio includes various deposit options such as checking, savings, money market, NOW, and individual retirement accounts, alongside certificates of deposit and time deposits, as well as card services. For lending needs, it offers residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, Small Business Administration (SBA) loans, home equity financing, multi-family property loans, general business loans, bridge loans, and other personal purpose loans. Branch locations are established in Manhattan, Brooklyn, Queens, and Nassau County, New York, with its administrative hub situated in Suffolk County, New York. Established in 2008, Hanover Bancorp, Inc. maintains its headquarters in Mineola, New York.
Key statistics
Avg. volume
58.27K
Market cap
$189.72M
P/E Ratio
20.80
Price-to-sales ratio
1.43
Enterprise value
$150.15M
Free cash flow yield
13.90%
Debt-to-equity ratio
0.50
Return on equity
4.69%
ROIC
0.15%
Beta
0.11
Dividend yield
1.51%
Last dividend
$0.40
Financial overview
Revenue
$143.32M
Earnings per share
$1.00
Free cash flow
$12.18M
Net profit margin
7.11%
Gross margin
44.53%
EBITDA
$14.10M
Revenue growth
-3.40%
Similar securities
This is not an investment recommendation
How to buy Hanover Bancorp from India
Indian residents can buy Hanover Bancorp shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Hanover Bancorp and place an order
Find Hanover Bancorp by name or by its ticker, HNVR, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Hanover Bancorp trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Hanover Bancorp position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Hanover Bancorp from India
Trading and taxes when buying Hanover Bancorp from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Hanover Bancorp’s current yield is 1.51%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Hanover Bancorp stock?
Yes. Hanover Bancorp (HNVR) has been listed on NASDAQ since 2022, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Hanover Bancorp share cost in rupees?
One Hanover Bancorp share is $26.51 — about ₹2,543 at a USD/INR rate of 95.92 on 25 Sep 2026. Both the Hanover Bancorp price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Hanover Bancorp from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Hanover Bancorp?
Yes. One Hanover Bancorp share is $26.51, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Hanover Bancorp.
How are gains on Hanover Bancorp shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Hanover Bancorp price. Paasa issues a capital-gains statement for your return.
Does Hanover Bancorp pay a dividend, and how is it taxed in India?
Yes. Hanover Bancorp pays a dividend and the current yield is 1.51%; the last declared dividend was $0.40 per share, about ₹38.37. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Hanover Bancorp from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Hanover Bancorp shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Hanover Bancorp shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Hanover Bancorp holding, its cost and its closing value.
How do I sell Hanover Bancorp and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.