Hanover Bancorp president Kevin O’Connor buys $268,800 in stock

Kevin M. O’Connor, President of Hanover Bancorp, Inc. (), recently increased his holdings in the company through a significant stock purchase. According to a Form 4 filing with the Securities and Exchange Commission, Mr. O’Connor acquired 10,000 shares of common stock on July 30, 2026.

The transaction, executed at a price of $26.88 per share, totaled $268,800. Following this direct acquisition, Mr. O’Connor now beneficially owns 12,300 shares of Hanover Bancorp common stock. The purchase comes as the stock trades near its 52-week high of $27.08, with shares delivering a 27% return over the past year. According to InvestingPro analysis, the stock appears slightly overvalued relative to its Fair Value estimate. InvestingPro subscribers have access to 6 additional exclusive tips about HNVR’s financial health and prospects. The filing was signed by Kevin M. O’Connor on August 3, 2026.

In other recent news, Hanover Bancorp has announced the appointment of Kevin O’Connor as the new president of both the company and Hanover Community Bank. O’Connor, who will assume his role on July 27, brings over 35 years of experience in the banking industry. His previous positions include serving as Long Island Market President at Valley Bank and as Chief Executive Officer of Dime Community Bank. The latter role followed the merger of Dime Community Bank with Bridgehampton National Bank in 2021. This leadership change is part of Hanover Bancorp’s ongoing efforts to strengthen its executive team. The company has not released additional details regarding any strategic changes that may accompany O’Connor’s appointment. Investors and stakeholders will be watching closely to see how this leadership transition impacts the company’s future direction.