Analysts Set HarborOne Bancorp, Inc. (NASDAQ:HONE) PT at $13.00

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the three brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $13.00.

A number of brokerages have issued reports on HONE. Wall Street Zen began coverage on shares of HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a "hold" rating for the company. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Finally, Seaport Res Ptn raised shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th.

HarborOne Bancorp Stock Down 0.8%

Shares of NASDAQ HONE traded down $0.10 during mid-day trading on Friday, reaching $11.36. 138,060 shares of the company's stock traded hands, compared to its average volume of 203,675. The stock has a market cap of $489.30 million, a P/E ratio of 17.20 and a beta of 0.60. The business has a 50-day simple moving average of $10.61 and a 200 day simple moving average of $11.53. HarborOne Bancorp has a 1-year low of $8.89 and a 1-year high of $14.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released 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). HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. The firm had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. On average, analysts expect that HarborOne Bancorp will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio is 57.14%.

Institutional Trading of HarborOne Bancorp

Several hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in HarborOne Bancorp by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,934 shares of the financial services provider's stock worth $259,000 after acquiring an additional 930 shares during the period. Quantbot Technologies LP increased its stake in shares of HarborOne Bancorp by 18.3% in the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock worth $79,000 after purchasing an additional 1,033 shares in the last quarter. CWM LLC lifted its stake in shares of HarborOne Bancorp by 35.3% during the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider's stock valued at $53,000 after buying an additional 1,326 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of HarborOne Bancorp by 0.7% during the 1st quarter. Victory Capital Management Inc. now owns 288,142 shares of the financial services provider's stock valued at $2,988,000 after buying an additional 2,070 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of HarborOne Bancorp by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider's stock valued at $3,779,000 after buying an additional 2,363 shares in the last quarter. Institutional investors own 65.01% of the company's stock.

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.