Brokerages Set HarborOne Bancorp, Inc. (NASDAQ:HONE) PT at $13.75

HarborOne Bancorp, Inc. (NASDAQ:HONE) has received a consensus rating of “Hold” from the four analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.75.

A number of brokerages have issued reports on HONE. Seaport Res Ptn reiterated a “neutral” rating on shares of HarborOne Bancorp in a research note on Tuesday, September 12th. TheStreet downgraded HarborOne Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, May 23rd. Finally, StockNews.com assumed coverage on shares of HarborOne Bancorp in a research report on Thursday, August 17th. They set a “sell” rating on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in HarborOne Bancorp by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,425,874 shares of the financial services provider’s stock valued at $29,596,000 after purchasing an additional 175,083 shares in the last quarter. Millennium Management LLC increased its holdings in shares of HarborOne Bancorp by 58.5% in the 4th quarter. Millennium Management LLC now owns 467,192 shares of the financial services provider’s stock worth $6,494,000 after buying an additional 172,368 shares during the last quarter. Brandywine Global Investment Management LLC raised its position in shares of HarborOne Bancorp by 163.2% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 250,600 shares of the financial services provider’s stock valued at $2,175,000 after buying an additional 155,377 shares in the last quarter. State Street Corp lifted its holdings in shares of HarborOne Bancorp by 10.3% in the 2nd quarter. State Street Corp now owns 1,395,259 shares of the financial services provider’s stock valued at $12,111,000 after acquiring an additional 130,019 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in HarborOne Bancorp by 94.8% in the second quarter. Victory Capital Management Inc. now owns 179,987 shares of the financial services provider’s stock worth $1,562,000 after acquiring an additional 87,587 shares in the last quarter. 52.96% of the stock is currently owned by institutional investors.

HarborOne Bancorp Trading Down 3.6 %

HarborOne Bancorp stock opened at $9.33 on Tuesday. HarborOne Bancorp has a 12-month low of $7.51 and a 12-month high of $15.56. The firm has a market capitalization of $434.22 million, a price-to-earnings ratio of 11.11 and a beta of 0.72. The firm has a 50 day moving average of $9.91 and a 200 day moving average of $10.10. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.07.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $44.76 million during the quarter, compared to analyst estimates of $42.11 million. HarborOne Bancorp had a net margin of 14.73% and a return on equity of 6.29%. As a group, research analysts predict that HarborOne Bancorp will post 0.63 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 12th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, July 11th. HarborOne Bancorp’s payout ratio is 35.71%.

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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans.