HarborOne Bancorp (NASDAQ:HONE) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of HarborOne Bancorp (NASDAQ:HONE) from a sell rating to a hold rating in a report issued on Friday.

Separately, TheStreet downgraded shares of HarborOne Bancorp from a b rating to a c+ rating in a research report on Tuesday, January 30th.

HarborOne Bancorp Trading Up 1.0 %

HarborOne Bancorp stock opened at $10.36 on Friday. HarborOne Bancorp has a 52 week low of $7.51 and a 52 week high of $12.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market capitalization of $467.96 million, a P/E ratio of 28.00 and a beta of 0.74. The stock has a 50-day simple moving average of $10.01 and a 200 day simple moving average of $10.68.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). HarborOne Bancorp had a return on equity of 4.56% and a net margin of 5.38%. The business had revenue of $38.60 million for the quarter, compared to the consensus estimate of $42.11 million. Analysts expect that HarborOne Bancorp will post 0.61 earnings per share for the current year.

HarborOne Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This is an increase from HarborOne Bancorp’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a yield of 3.09%. HarborOne Bancorp’s dividend payout ratio (DPR) is 86.49%.

Institutional Investors Weigh In On HarborOne Bancorp

Several hedge funds have recently bought and sold shares of HONE. Signaturefd LLC raised its position in shares of HarborOne Bancorp by 54.6% in the third quarter. Signaturefd LLC now owns 3,238 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,143 shares in the last quarter. Headinvest LLC acquired a new stake in shares of HarborOne Bancorp in the third quarter valued at approximately $42,000. Barrett & Company Inc. raised its position in shares of HarborOne Bancorp by 5,618.0% in the fourth quarter. Barrett & Company Inc. now owns 5,089 shares of the financial services provider’s stock valued at $61,000 after buying an additional 5,000 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of HarborOne Bancorp in the third quarter valued at approximately $97,000. Finally, Quest Partners LLC acquired a new stake in shares of HarborOne Bancorp in the fourth quarter valued at approximately $108,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

About HarborOne Bancorp

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.