HarborOne Bancorp, Inc. (NASDAQ:HONE) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) have received a consensus rating of "Moderate Buy" from the three brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.00.

HONE has been the topic of a number of research reports. Wall Street Zen initiated coverage on shares of HarborOne Bancorp in a 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 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 Down 0.8%

NASDAQ HONE opened at $12.10 on Friday. HarborOne Bancorp has a 52 week low of $8.89 and a 52 week high of $14.00. The company has a market capitalization of $521.27 million, a P/E ratio of 19.21 and a beta of 0.59. The stock's 50-day moving average price is $11.56 and its 200-day moving average price is $11.25.

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 the consensus estimate of $0.17 by ($0.03). The firm had revenue of $41.36 million for the quarter, compared to analysts' expectations of $36.01 million. HarborOne Bancorp had a net margin of 8.13% and a return on equity of 4.33%. Research analysts anticipate that HarborOne Bancorp will post 0.83 EPS for the current year.

HarborOne Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be paid a $0.09 dividend. This is a boost from HarborOne Bancorp's previous quarterly dividend of $0.01. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Wednesday, July 9th. HarborOne Bancorp's dividend payout ratio (DPR) is presently 57.14%.

Institutional Trading of HarborOne Bancorp

Several hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. increased its stake in HarborOne Bancorp by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock worth $67,350,000 after acquiring an additional 131,602 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of HarborOne Bancorp by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,592,784 shares of the financial services provider's stock valued at $30,673,000 after purchasing an additional 47,592 shares during the last quarter. Vanguard Group Inc. raised its holdings in HarborOne Bancorp by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock valued at $26,593,000 after buying an additional 75,328 shares during the period. Millennium Management LLC raised its holdings in HarborOne Bancorp by 70.5% during the 1st 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, Northern Trust Corp lifted its position in HarborOne Bancorp by 5.7% in the fourth quarter. Northern Trust Corp now owns 364,935 shares of the financial services provider's stock worth $4,317,000 after buying an additional 19,600 shares during the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

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