HarborOne Bancorp (HONE) Projected to Post Earnings on Thursday

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect HarborOne Bancorp to post earnings of $0.19 per share and revenue of $32.39 million for the quarter.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). The firm had revenue of $41.36 million for the quarter, compared to analyst estimates of $36.01 million. HarborOne Bancorp had a return on equity of 4.33% and a net margin of 8.13%. On average, analysts expect HarborOne Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

HarborOne Bancorp Price Performance

Shares of HarborOne Bancorp stock traded down $0.02 on Friday, hitting $12.16. 182,267 shares of the company's stock traded hands, compared to its average volume of 235,748. The firm's 50-day moving average price is $11.62 and its two-hundred day moving average price is $11.25. The stock has a market capitalization of $523.85 million, a PE ratio of 19.30 and a beta of 0.59. HarborOne Bancorp has a one year low of $8.89 and a one year high of $14.00.

HarborOne Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.09 per share. This is a boost from HarborOne Bancorp's previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, July 9th. This represents a $0.36 annualized dividend and a dividend yield of 2.96%. HarborOne Bancorp's payout ratio is presently 57.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its position in shares of HarborOne Bancorp by 70.5% in the 1st quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider's stock worth $4,808,000 after purchasing an additional 191,719 shares during the period. Jane Street Group LLC lifted its position in shares of HarborOne Bancorp by 350.3% in the 1st quarter. Jane Street Group LLC now owns 106,075 shares of the financial services provider's stock worth $1,100,000 after purchasing an additional 82,521 shares during the period. AQR Capital Management LLC lifted its position in shares of HarborOne Bancorp by 80.0% in the 1st quarter. AQR Capital Management LLC now owns 85,675 shares of the financial services provider's stock worth $888,000 after purchasing an additional 38,072 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of HarborOne Bancorp by 8.5% in the 1st quarter. Empowered Funds LLC now owns 134,279 shares of the financial services provider's stock worth $1,392,000 after purchasing an additional 10,523 shares during the period. Institutional investors and hedge funds own 65.01% of the company's stock.

Wall Street Analyst Weigh In

HONE has been the topic of several research reports. Wall Street Zen initiated coverage on shares of HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a "hold" rating on the stock. Seaport Res Ptn raised HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th.

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.