HarborOne Bancorp, Inc. (NASDAQ:HONE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the three analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts 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 report on Thursday, May 22nd. They issued a "hold" rating on the stock. Janney Montgomery Scott restated a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. Finally, Seaport Res Ptn upgraded HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th.

HarborOne Bancorp Price Performance

HONE traded up $0.06 during trading hours on Friday, reaching $11.97. The company's stock had a trading volume of 304,334 shares, compared to its average volume of 234,772. HarborOne Bancorp has a fifty-two week low of $8.89 and a fifty-two week high of $14.00. The stock has a market cap of $515.61 million, a PE ratio of 19.00 and a beta of 0.59. The business's 50-day moving average is $11.58 and its 200-day moving average is $11.25.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). HarborOne Bancorp had a net margin of 8.13% and a return on equity of 4.33%. The business had revenue of $41.36 million during the quarter, compared to analyst estimates of $36.01 million. Analysts expect that HarborOne Bancorp will post 0.83 EPS for the current year.

HarborOne Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.01%. This is a boost from HarborOne Bancorp's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, July 9th. HarborOne Bancorp's dividend payout ratio is 57.14%.

Institutional Trading of HarborOne Bancorp

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in HarborOne Bancorp by 128.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider's stock valued at $53,000 after buying an additional 2,538 shares during the last quarter. CWM LLC increased its holdings in HarborOne Bancorp by 35.3% in the first 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 during the last quarter. Quarry LP purchased a new position in HarborOne Bancorp in the fourth quarter valued at $57,000. US Bancorp DE increased its holdings in HarborOne Bancorp by 1,306.7% in the fourth quarter. US Bancorp DE now owns 5,880 shares of the financial services provider's stock valued at $70,000 after buying an additional 5,462 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in HarborOne Bancorp by 18.3% in the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock valued at $79,000 after buying an additional 1,033 shares during the last quarter. Hedge funds and other 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.