HarborOne Bancorp Inc (NASDAQ:HONE) has been given an average rating of “Hold” by the six research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $9.75.
A number of research analysts have weighed in on HONE shares. ValuEngine downgraded HarborOne Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. Piper Sandler lowered their target price on HarborOne Bancorp from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, September 28th. DA Davidson reissued a “neutral” rating on shares of HarborOne Bancorp in a report on Monday, September 14th. BidaskClub downgraded HarborOne Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 3rd. Finally, Zacks Investment Research downgraded HarborOne Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th.
A number of institutional investors and hedge funds have recently modified their holdings of HONE. Alliancebernstein L.P. grew its position in shares of HarborOne Bancorp by 272.4% during the first quarter. Alliancebernstein L.P. now owns 2,840,403 shares of the financial services provider’s stock worth $21,388,000 after purchasing an additional 2,077,676 shares in the last quarter. BlackRock Inc. grew its position in shares of HarborOne Bancorp by 0.9% during the first quarter. BlackRock Inc. now owns 2,767,130 shares of the financial services provider’s stock worth $20,836,000 after purchasing an additional 24,149 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of HarborOne Bancorp by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 1,004,628 shares of the financial services provider’s stock worth $8,579,000 after purchasing an additional 133,812 shares in the last quarter. M3F Inc. grew its position in shares of HarborOne Bancorp by 260.5% during the first quarter. M3F Inc. now owns 907,931 shares of the financial services provider’s stock worth $6,837,000 after purchasing an additional 656,096 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of HarborOne Bancorp by 3.9% during the first quarter. Geode Capital Management LLC now owns 673,488 shares of the financial services provider’s stock worth $5,071,000 after purchasing an additional 25,096 shares in the last quarter. Institutional investors and hedge funds own 54.72% of the company’s stock.
Shares of NASDAQ:HONE traded up $0.25 during midday trading on Monday, reaching $8.31. 120,226 shares of the company’s stock traded hands, compared to its average volume of 295,698. The company has a market cap of $485.38 million, a price-to-earnings ratio of 16.96 and a beta of 0.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.10. HarborOne Bancorp has a one year low of $6.45 and a one year high of $11.20. The stock has a 50 day moving average of $8.64 and a 200 day moving average of $8.21.
HarborOne Bancorp (NASDAQ:HONE) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. HarborOne Bancorp had a return on equity of 3.98% and a net margin of 10.85%. The company had revenue of $68.09 million for the quarter, compared to the consensus estimate of $47.10 million. Sell-side analysts predict that HarborOne Bancorp will post 0.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, October 13th. HarborOne Bancorp’s payout ratio is 36.36%.
About HarborOne Bancorp
HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and middle-market businesses, and municipalities throughout Southeastern New England. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate loans, commercial loans, construction loans, one- to four-family residential real estate loans, second mortgages and equity lines of credit, and auto and other consumer loans.
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