HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) declared a quarterly dividend on Thursday, June 26th, RTT News reports. Stockholders of record on Wednesday, July 9th will be given a dividend of 0.09 per share by the financial services provider on Wednesday, July 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.15%. This is a 800.0% increase from HarborOne Bancorp's previous quarterly dividend of $0.01.
HarborOne Bancorp has a payout ratio of 39.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HarborOne Bancorp to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 35.6%.
HarborOne Bancorp Price Performance
HONE opened at $11.44 on Thursday. HarborOne Bancorp has a 1 year low of $8.89 and a 1 year high of $14.00. The company has a market capitalization of $492.95 million, a price-to-earnings ratio of 18.17 and a beta of 0.60. The firm's fifty day moving average price is $11.19 and its two-hundred day moving average price is $11.30.
HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). HarborOne Bancorp had a return on equity of 4.33% and a net margin of 8.13%. The firm had revenue of $41.36 million during the quarter, compared to the consensus estimate of $36.01 million. As a group, equities analysts anticipate that HarborOne Bancorp will post 0.83 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Janney Montgomery Scott reiterated a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. Seaport Res Ptn upgraded shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, Wall Street Zen assumed coverage on shares of HarborOne Bancorp in a report on Thursday, May 22nd. They issued a "hold" rating on the stock.
Check Out Our Latest Research Report on HONE
Hedge Funds Weigh In On HarborOne Bancorp
A number of institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake in HarborOne Bancorp by 80.0% in the first quarter. AQR Capital Management LLC now owns 85,675 shares of the financial services provider's stock worth $888,000 after purchasing an additional 38,072 shares during the period. Millennium Management LLC grew its position 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 purchasing an additional 191,719 shares during the last quarter. Empowered Funds LLC increased its stake in HarborOne Bancorp by 8.5% during the 1st quarter. Empowered Funds LLC now owns 134,279 shares of the financial services provider's stock valued at $1,392,000 after purchasing an additional 10,523 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in HarborOne Bancorp by 350.3% in the first quarter. Jane Street Group LLC now owns 106,075 shares of the financial services provider's stock worth $1,100,000 after buying an additional 82,521 shares during the last quarter. 65.01% of the stock is owned by institutional investors.
About HarborOne Bancorp
(
Get Free Report)
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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