Hanover Bancorp Shares Edge Lower as Investors Focus on Margins
Hanover Bancorp, Inc. shares fell on Wednesday, dropping 8 cents to $23.35 on the Nasdaq late in the day. Regional bank stocks lost ground after the Memorial Day break. Volume was 59,818, with shares trading in a $23.34 to $23.83 range. Hanover is a lightly traded community bank, so even small moves in the stock tend to get noticed, especially as investors keep an eye on funding, credit, and voting issues. Nasdaq had U.S. markets closed for Memorial Day on May 25, with trading starting up again this week.