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

Key Points

• HarborOne Bancorp, Inc. has received an average consensus recommendation of "Moderate Buy" from analysts, with a 12-month price target of $13.00.
• The company reported a net margin of 8.43% and earnings per share (EPS) of $0.23 for the latest quarter, exceeding estimates.
• A quarterly dividend of $0.09 per share has been declared, representing an annualized dividend yield of 3.1%.

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the three ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $13.00.

Several equities analysts recently weighed in on the stock. Janney Montgomery Scott restated a "neutral" rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th. Seaport Res Ptn raised HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Piper Sandler raised their price target on HarborOne Bancorp from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Wall Street Zen initiated coverage on HarborOne Bancorp in a report on Thursday, May 22nd. They issued a "hold" rating for the company.

Institutional Trading of HarborOne Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings in shares of 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 worth $53,000 after acquiring an additional 2,538 shares in the last quarter. CWM LLC increased its stake in HarborOne Bancorp by 35.3% during the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider's stock worth $53,000 after purchasing an additional 1,326 shares in the last quarter. Quarry LP acquired a new stake in HarborOne Bancorp during the 4th quarter worth approximately $57,000. KLP Kapitalforvaltning AS bought a new position in HarborOne Bancorp in the fourth quarter valued at approximately $81,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of HarborOne Bancorp in the fourth quarter valued at approximately $101,000. Institutional investors and hedge funds own 65.01% of the company's stock.

HarborOne Bancorp Stock Performance

Shares of HONE opened at $11.68 on Thursday. The business's fifty day moving average price is $11.74 and its two-hundred day moving average price is $11.28. The firm has a market capitalization of $503.17 million, a price-to-earnings ratio of 17.97 and a beta of 0.60. HarborOne Bancorp has a 52 week low of $8.89 and a 52 week high of $13.73.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. HarborOne Bancorp had a return on equity of 4.66% and a net margin of 8.43%. The business had revenue of $45.44 million for the quarter, compared to analysts' expectations of $32.39 million. As a group, research analysts forecast that HarborOne Bancorp will post 0.83 EPS for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. HarborOne Bancorp's dividend payout ratio (DPR) is currently 55.38%.

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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