HarborOne Bancorp, Inc. (NASDAQ:HONE) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• HarborOne Bancorp, Inc. has received a consensus rating of "Moderate Buy" from brokerages, with one strong buy rating and three hold ratings from analysts.
• The company's stock recently opened at $13.96 and has a 12-month high of $14.29 and a low of $8.89.
• HarborOne Bancorp announced a quarterly dividend of $0.09 per share, resulting in an annualized dividend yield of 2.6%.

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

HONE has been the subject of a number of research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of HarborOne Bancorp in a research note on Wednesday, October 8th. Wall Street Zen raised HarborOne Bancorp to a "hold" rating in a research note on Friday, August 22nd. Finally, Piper Sandler raised their price objective on HarborOne Bancorp from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, July 25th.

Institutional Investors Weigh In On HarborOne Bancorp

Several institutional investors have recently modified their holdings of HONE. Alliancebernstein L.P. lifted its stake in shares of HarborOne Bancorp by 2,617.3% in the 2nd quarter. Alliancebernstein L.P. now owns 988,905 shares of the financial services provider's stock valued at $11,550,000 after purchasing an additional 952,512 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of HarborOne Bancorp in the second quarter worth approximately $7,596,000. ABC Arbitrage SA purchased a new stake in shares of HarborOne Bancorp in the second quarter worth approximately $6,512,000. Qube Research & Technologies Ltd raised its holdings in shares of HarborOne Bancorp by 263.5% in the second quarter. Qube Research & Technologies Ltd now owns 590,976 shares of the financial services provider's stock worth $6,903,000 after buying an additional 428,411 shares during the period. Finally, Credit Industriel ET Commercial purchased a new stake in shares of HarborOne Bancorp in the second quarter worth approximately $3,878,000. 65.01% of the stock is owned by institutional investors.

HarborOne Bancorp Trading Up 3.6%

Shares of HarborOne Bancorp stock opened at $13.96 on Tuesday. The stock has a 50 day moving average of $13.12 and a 200 day moving average of $11.92. HarborOne Bancorp has a 12 month low of $8.89 and a 12 month high of $14.29. The firm has a market cap of $602.51 million, a PE ratio of 21.48 and a beta of 0.61.

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

HarborOne Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, September 3rd were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 3rd. HarborOne Bancorp's dividend payout ratio (DPR) is presently 55.38%.

HarborOne Bancorp Company Profile

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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