HarborOne Bancorp, Inc. (NASDAQ:HONE) Receives $13.00 Average Target Price from Brokerages

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the three research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.00.

A number of research analysts recently commented on the company. Wall Street Zen assumed coverage on HarborOne Bancorp in a research note on Thursday, May 22nd. They set a "hold" rating for the company. Seaport Res Ptn upgraded HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Janney Montgomery Scott reiterated a "neutral" rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th.

HarborOne Bancorp Stock Performance

Shares of NASDAQ HONE traded up $0.04 during trading on Friday, reaching $11.37. The stock had a trading volume of 56,123 shares, compared to its average volume of 203,957. HarborOne Bancorp has a one year low of $8.89 and a one year high of $14.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The stock has a market cap of $489.73 million, a PE ratio of 17.22 and a beta of 0.60. The firm's 50 day moving average price is $10.62 and its two-hundred day moving average price is $11.53.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). The firm had revenue of $41.36 million during the quarter, compared to the consensus estimate of $36.01 million. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. On average, research analysts forecast that HarborOne Bancorp will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio (DPR) is presently 57.14%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Strs Ohio acquired a new position in HarborOne Bancorp during the first quarter valued at $497,000. Jane Street Group LLC raised its position in HarborOne Bancorp by 350.3% during the first quarter. Jane Street Group LLC now owns 106,075 shares of the financial services provider's stock valued at $1,100,000 after buying an additional 82,521 shares during the period. Empowered Funds LLC raised its position in HarborOne Bancorp by 8.5% during the first quarter. Empowered Funds LLC now owns 134,279 shares of the financial services provider's stock valued at $1,392,000 after buying an additional 10,523 shares during the period. Millennium Management LLC raised its position in HarborOne Bancorp by 70.5% during the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider's stock valued at $4,808,000 after buying an additional 191,719 shares during the period. Finally, AQR Capital Management LLC raised its position in HarborOne Bancorp by 80.0% during the first quarter. AQR Capital Management LLC now owns 85,675 shares of the financial services provider's stock valued at $888,000 after buying an additional 38,072 shares during the period. 65.01% of the stock is 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.