BayFirst Financial Corp. (BAFN) vs Hanover Bancorp, Inc. (HNVR)

BayFirst Financial Corp. and Hanover Bancorp, Inc. are both Banks Regional companies. BayFirst Financial Corp. and Hanover Bancorp, Inc. are of similar size ($192.0M and $183.9M). BayFirst Financial Corp. has negative trailing earnings, so its P/E is not meaningful; Hanover Bancorp, Inc. trades at 20.9×. Hanover Bancorp, Inc. grew revenue faster over the last twelve months: −4.37% against −50.1%. Hanover Bancorp, Inc. has the higher net margin (6.55% vs −86.9%) and the higher return on invested capital (8.61% vs 0.00%). Both pay a dividend; BayFirst Financial Corp. yields more (2.52% vs 2.27%). Across the 19 metrics below, Hanover Bancorp, Inc. leads on 11 and BayFirst Financial Corp. on 8.

Valuation

Metric BAFN HNVR Banks Regional median
P/E n/m 20.87 12.15
P/S 0.40 1.36 2.37
P/B 1.09 0.97 1.21
Price to free cash flow 0.20 7.35 10.80
EV/EBITDA n/m n/m —
EV/Sales (1.49) 0.60 2.27
Earnings yield (218.82%) 4.79% 8.11%
Free cash flow yield 512.56% 13.61% 8.98%

Profitability

Metric BAFN HNVR Banks Regional median
Gross margin 49.73% 53.37% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (86.85%) 6.55% 18.66%
Free cash flow margin 205.06% 18.47% 21.18%
Return on equity (102.63%) 4.72% 10.64%
Return on assets (4.89%) 0.40% 1.13%
Return on invested capital 0.00% 8.61% 8.33%

Growth

Metric BAFN HNVR Banks Regional median
Revenue growth (TTM) (50.13%) (4.37%) 6.61%
EPS growth (last fiscal year) (326.34%) (39.76%) —
Revenue growth, 5-year CAGR (5.93%) 28.13% 12.30%
Net income growth, 5-year CAGR 0.00% (7.64%) 9.71%

Health

Metric BAFN HNVR Banks Regional median
Debt to equity 0.06 0.17 0.22
Current ratio 0.98 1.03 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BAFN HNVR Banks Regional median
Dividend yield 2.52% 2.27% 3.75%
Payout ratio 0.19 — 0.27

Size

Metric BAFN HNVR Banks Regional median
Market cap 191.98m 183.86m 921.07m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack