HarborOne Bancorp, Inc. (NASDAQ:HONE) Announces Quarterly Dividend of $0.01

HarborOne Bancorp, Inc. (NASDAQ:HONE) declared a quarterly dividend on Wednesday, March 26th, RTT News reports. Stockholders of record on Wednesday, April 9th will be paid a dividend of 0.01 per share by the financial services provider on Wednesday, April 23rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, April 9th.

HarborOne Bancorp has raised its dividend payment by an average of 17.0% per year over the last three years. HarborOne Bancorp has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HarborOne Bancorp to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 31.7%.

HarborOne Bancorp Trading Down 2.7 %

HONE traded down $0.29 during trading on Friday, reaching $10.53. 134,537 shares of the stock traded hands, compared to its average volume of 164,100. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The stock’s 50-day moving average is $11.45 and its 200 day moving average is $12.17. HarborOne Bancorp has a 12 month low of $9.16 and a 12 month high of $14.00. The stock has a market capitalization of $458.03 million, a PE ratio of 15.95 and a beta of 0.73.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. Equities analysts anticipate that HarborOne Bancorp will post 0.83 earnings per share for the current year.

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.