HarborOne Bancorp (NASDAQ:HONE) Upgraded at StockNews.com

StockNews.com upgraded shares of HarborOne Bancorp (NASDAQ:HONE) from a sell rating to a hold rating in a research note released on Saturday.

Separately, Piper Sandler lowered their price target on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, October 25th.

HarborOne Bancorp Price Performance

HONE stock opened at $11.80 on Friday. HarborOne Bancorp has a 52 week low of $9.15 and a 52 week high of $14.00. The firm has a market capitalization of $524.04 million, a P/E ratio of 42.14 and a beta of 0.74. The company has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $11.75. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.07.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. The company had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $43.37 million. Analysts anticipate that HarborOne Bancorp will post 0.64 earnings per share for the current fiscal year.

HarborOne Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 14th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Friday, October 11th. HarborOne Bancorp’s dividend payout ratio is currently 114.29%.

Insider Activity at HarborOne Bancorp

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total value of $162,240.00. Following the sale, the chief marketing officer now owns 15,159 shares in the company, valued at $189,184.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On HarborOne Bancorp

Several institutional investors have recently made changes to their positions in the company. Eastern Bank bought a new position in shares of HarborOne Bancorp during the third quarter valued at approximately $31,000. nVerses Capital LLC purchased a new stake in HarborOne Bancorp in the second quarter valued at approximately $27,000. Price T Rowe Associates Inc. MD increased its holdings in HarborOne Bancorp by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,498 shares during the period. Creative Planning raised its position in HarborOne Bancorp by 27.8% during the 3rd quarter. Creative Planning now owns 13,309 shares of the financial services provider’s stock worth $173,000 after buying an additional 2,898 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in HarborOne Bancorp by 63.3% during the 3rd quarter. SG Americas Securities LLC now owns 21,069 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 8,169 shares during the period. Hedge funds and other institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Company Profile

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.