Fourthstone group discloses 7.18% Hanover Bancorp (HNVR) ownership in 13G/A
Rhea-AI Filing Summary
Fourthstone LLC and related funds have updated their ownership disclosure for Hanover Bancorp, Inc. The group reports beneficial ownership of 516,702 shares of Hanover common stock, representing 7.18% of the outstanding shares, based on 7,192,390 shares outstanding as of October 31, 2025.
Fourthstone holds the shares on behalf of its advisory clients, with voting and dispositive power shared among Fourthstone, affiliated investment funds, and managing member L. Phillip Stone IV. The filers state the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Hanover Bancorp.
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FAQ
What does the Schedule 13G/A filing disclose about Fourthstone’s stake in HNVR?
The filing shows Fourthstone LLC and related entities beneficially own 516,702 Hanover Bancorp shares, or 7.18% of the common stock. This ownership is reported as of a base of 7,192,390 shares outstanding on October 31, 2025, from Hanover’s Form 10-Q.
Who are the reporting persons in the Hanover Bancorp (HNVR) Schedule 13G/A?
The reporting persons are Fourthstone LLC, Fourthstone Master Opportunity Fund Ltd, Fourthstone GP LLC, Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP, and L. Phillip Stone IV, the managing member of Fourthstone and Fourthstone GP, all treated collectively as a group.
What percentage of Hanover Bancorp (HNVR) does Fourthstone report owning?
Fourthstone LLC and L. Phillip Stone IV each report beneficial ownership of 7.18% of Hanover’s common stock. Fourthstone Master Opportunity Fund alone reports 5.64%, while smaller percentages are reported by Fourthstone GP LLC, Fourthstone QP Opportunity Fund, and Fourthstone Small-Cap Financials Fund.
Is Fourthstone seeking to influence control of Hanover Bancorp (HNVR)?
The reporting persons certify the Hanover shares were acquired and are held in the ordinary course of business as an investment adviser. They state the holdings are not for the purpose, or with the effect, of changing or influencing control of Hanover Bancorp.
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