Hanover Bancorp is a holding company. Through its subsidiary, Hanover Community Bank (the Bank), Co. provides a range of financial services and employs a suite of consumer and commercial banking products and services, including multi-family and commercial mortgages, residential loans, business loans and lines of credit. The Bank also provides its customers, among other things, access to 24-hour automated teller machines service, free checking with interest, telephone banking, technologies in mobile and internet banking and safe deposit boxes. The Bank serves customers throughout the New York metro area from offices in Nassau, Queens, Kings (Brooklyn) and New York (Manhattan) Counties, NY. We show 4 historical shares outstanding datapoints in our HNVR shares outstanding history coverage, used to compute HNVR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HNVR market cap history over the course of time is important for investors
interested in comparing HNVR's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HNVR versus a peer is one thing; comparing
HNVR market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HNVR can fluctuate over the course of history.
With this page we aim to empower investors researching HNVR by allowing them to research the HNVR market cap history. |
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Video: The Importance of Market Cap
