SCHEDULE: Fourthstone Discloses 5.84% Stake in Hanover Bancorp

Fourthstone LLC and its affiliates have reported a passive beneficial ownership of 5.84% in Hanover Bancorp, Inc. common stock.

Summary

• Fourthstone LLC, an investment adviser, along with its affiliated entities and L. Phillip Stone, IV, collectively reported beneficial ownership of Hanover Bancorp, Inc. common stock.
• Fourthstone LLC and L. Phillip Stone, IV each reported shared voting and dispositive power over 421,508 shares of Hanover Bancorp common stock.
• This represents 5.84% of Hanover Bancorp's common stock, based on 7,215,194 shares outstanding as of July 31, 2025.
• The aggregate amount beneficially owned by Fourthstone LLC and L. Phillip Stone, IV, as reported in Row 9 of the cover page, is 331,586 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Hanover Bancorp.
• The filing was made under Schedule 13G, indicating a passive investment by institutional investors.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of passive beneficial ownership, indicating a neutral sentiment regarding immediate operational or strategic changes. It simply reports an investment firm's stake.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that effect.
• Fourthstone LLC acquired the Issuer's shares in the ordinary course of business as a registered investment adviser and not with the purpose nor with the effect of influencing the control of the Issuer.

Industry Context

This Schedule 13G filing indicates that Fourthstone LLC, an investment adviser, has accumulated a significant but passive stake in Hanover Bancorp, Inc. Such filings provide transparency into institutional ownership, showing that a professional investment firm sees value in the company's common stock. For financial institutions like Hanover Bancorp, institutional ownership can signal confidence, though a passive stake typically implies no immediate intent to influence management or strategy.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially signaling confidence in the company's long-term value as a passive investment.
• Management: Awareness of a substantial passive institutional holder, but no direct impact on operations or strategy is implied by a 13G filing.

Key Dates

Keywords

Hanover Bancorp, Fourthstone LLC, beneficial ownership, Schedule 13G, common stock, investment adviser, passive investment, financials sector