HarborOne Bancorp (NASDAQ:HONE) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Posted by James Conley on Jul 28th, 2024

HarborOne Bancorp (NASDAQ:HONE – Get Free Report) announced its earnings results on Thursday. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02, Zacks reports. HarborOne Bancorp had a net margin of 5.20% and a return on equity of 4.58%. The business had revenue of $79.87 million for the quarter, compared to analyst estimates of $42.43 million.

HarborOne Bancorp Stock Performance

HONE opened at $13.58 on Friday. The firm has a market capitalization of $606.70 million, a PE ratio of 36.70 and a beta of 0.74. HarborOne Bancorp has a twelve month low of $9.14 and a twelve month high of $14.00. The firm’s 50-day moving average price is $11.05 and its 200 day moving average price is $10.67. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.31.

HarborOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 10th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, July 10th. This represents a $0.32 dividend on an annualized basis and a yield of 2.36%. HarborOne Bancorp’s payout ratio is presently 86.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HONE. StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Piper Sandler lifted their target price on shares of HarborOne Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a research report on Friday.

Check Out Our Latest Report on HarborOne Bancorp

About HarborOne Bancorp

(Get Free Report)

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.