What is Seaport Res Ptn’s Estimate for HONE Q4 Earnings?

HarborOne Bancorp, Inc. (NASDAQ:HONE) – Equities researchers at Seaport Res Ptn increased their Q4 2024 earnings per share (EPS) estimates for shares of HarborOne Bancorp in a note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will earn $0.18 per share for the quarter, up from their previous estimate of $0.17. The consensus estimate for HarborOne Bancorp’s current full-year earnings is $0.64 per share.

Other research analysts also recently issued research reports about the company. Piper Sandler reduced their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. StockNews.com raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday.

HarborOne Bancorp Stock Up 0.7 %

NASDAQ:HONE opened at $11.95 on Friday. The stock’s fifty day moving average price is $12.70 and its two-hundred day moving average price is $11.70. HarborOne Bancorp has a 52-week low of $9.15 and a 52-week high of $14.00. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.13 and a current ratio of 1.14. The company has a market cap of $530.68 million, a price-to-earnings ratio of 42.68 and a beta of 0.73.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (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 firm had revenue of $79.60 million for the quarter, compared to analyst estimates of $43.37 million.

Hedge Funds Weigh In On HarborOne Bancorp

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of HarborOne Bancorp by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock worth $27,398,000 after buying an additional 67,913 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of HarborOne Bancorp by 4.9% during the 2nd quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider’s stock worth $299,000 after buying an additional 1,270 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of HarborOne Bancorp by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock worth $24,974,000 after buying an additional 6,511 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of HarborOne Bancorp by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock worth $2,406,000 after buying an additional 11,438 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of HarborOne Bancorp by 14.6% during 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 last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the transaction, the chief marketing officer now owns 15,159 shares in the company, valued at approximately $189,184.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.90% of the company’s stock.

HarborOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Friday, October 11th. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 114.29%.

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.