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In a recent transaction, Robert Golden, a director at Hanover Bancorp , Inc. (NASDAQ:HNVR), sold 1,708 shares of common stock. The shares were sold at an average price of $23.0443 each, totaling approximately $39,359. The stock, currently trading at $23.54, has shown remarkable strength with a 38% return over the past year. According to InvestingPro analysis, the company appears fairly valued at its current market capitalization of $163 million. Following this sale, Golden retains ownership of 203,387 shares through indirect holdings, which include trusts and a limited liability company under his control.
The transaction was filed with the Securities and Exchange Commission on May 8, 2025, and reflects Golden’s ongoing management of his investment portfolio in the company. The shares sold were part of a trust for which Golden’s spouse serves as a trustee.
In other recent news, Hanover Bancorp held its Annual Meeting of Shareholders, where several key decisions were made. The shareholders re-elected four directors to the board for three-year terms, showing strong support for the current leadership. Michael P. Puorro, Metin Negrin, Elena Sisti, and Michael Thaden were all re-elected, with a significant number of votes in their favor. In addition to the board elections, shareholders approved Crowe LLP as the independent registered public accounting firm for 2025. This appointment received substantial backing, with 5,463,294 votes in favor, indicating confidence in the company’s accounting practices. The meeting had a strong turnout, with 5,878,657 shares represented out of 7,200,883 outstanding shares. These developments reflect the shareholders’ trust in Hanover Bancorp’s governance and financial oversight.
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