The repurchase authorization is discretionary and non-binding — management has not committed to any specific buyback pace. Monitor future 10-Q filings for actual share count reduction and capital allocation updates. No immediate trading catalyst.
Price Chart
Executive Summary
Hanover Bancorp announced a new share repurchase program authorizing the buyback of up to 370,000 shares (~5% of outstanding common stock), expiring August 17, 2027. The program commences upon exhaustion of the prior 2023 authorization. This is a routine capital return announcement with no financial results or guidance provided, and the program is discretionary with no obligation to repurchase any specific number of shares.
Key Facts
- Board approved new share repurchase program for up to 370,000 shares (~5% of outstanding common stock)
- Program expires on August 17, 2027
- Program commences after exhaustion of the prior repurchase program approved October 5, 2023
- Repurchases may be made in open market or privately negotiated transactions
- Company is not obligated to repurchase any specific number of shares and may suspend or cancel the program at any time
Financial Impact
Up to 370,000 shares (~5% of outstanding) authorized for repurchase over ~12 months; no dollar amount specified and no obligation to execute
Risk Factors
- Program may not be executed if management prioritizes capital/liquidity needs
- No obligation to repurchase any shares — authorization could expire unused
- No financial results or guidance provided in this filing to assess fundamental trajectory
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-101467 |
| Document: 0001104659-26-101467-index.html | 0001104659-26-101467 |
| Document: 0001104659-26-101467.txt | 0001104659-26-101467 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 5w ago | Institutional Cluster | $26.75 $25.47 | ▼ −4.79% | ▼ −3.60% | $23.66 (−11.55%) |
Sep 10, 2026 6w ago | 8-K | $27.52 $26.66 | ▼ −3.13% | ▼ −2.63% | $23.66 (−14.03%) |
Aug 26, 2026 8w ago | 8-K | $27.05 $26.82 | ▼ −0.85% | ▼ −1.12% | $23.66 (−12.53%) |
Aug 3, 2026 12w ago | Insider Buy | $27.12 $27.20 | ▲ +0.29% | ▲ +0.39% | $23.66 (−12.76%) |
Aug 3, 2026 12w ago | 3 | $27.12 $27.20 | ▲ +0.29% | ▲ +0.39% | $23.66 (−12.76%) |
Jul 23, 2026 13w ago | 8-K | $25.01 $26.55 | ▲ +6.14% | ▲ +5.76% | $23.66 (−5.40%) |
Jul 20, 2026 14w ago | 8-K | $24.66 $25.26 | ▲ +2.43% | ▲ +3.66% | $23.66 (−4.06%) |
Jun 22, 2026 18w ago | EFFECT | $22.90 $23.25 | ▲ +1.53% | ▲ +3.60% | $23.66 (+3.32%) |
Jun 4, 2026 20w ago | 8-K | $23.60 $23.94 | ▲ +1.44% | ▲ +3.99% | $23.66 (+0.25%) |
Jun 1, 2026 21w ago | 8-K | $23.11 $24.13 | ▲ +4.41% | ▲ +7.38% | $23.66 (+2.38%) |
US Market Status
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