Brokerages Set HarborOne Bancorp, Inc. (NASDAQ:HONE) PT at $13.00

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

Several equities analysts have recently commented on HONE shares. Wall Street Zen started coverage on HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a "hold" rating on the stock. Janney Montgomery Scott reissued a "neutral" rating on shares of HarborOne Bancorp in a research report 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 Trading Up 0.1%

Shares of NASDAQ:HONE traded up $0.01 during midday trading on Wednesday, hitting $11.09. The company had a trading volume of 592,389 shares, compared to its average volume of 226,343. HarborOne Bancorp has a 12 month low of $8.89 and a 12 month high of $14.00. The stock has a market cap of $477.87 million, a price-to-earnings ratio of 17.60 and a beta of 0.60. The firm has a fifty day simple moving average of $11.06 and a 200 day simple moving average of $11.32.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its 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 business had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. HarborOne Bancorp had a return on equity of 4.33% and a net margin of 8.13%. Equities analysts forecast that HarborOne Bancorp will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.04 annualized dividend and a yield of 0.36%. HarborOne Bancorp's payout ratio is 57.14%.

Institutional Investors Weigh In On HarborOne Bancorp

A number of hedge funds have recently modified their holdings of HONE. Rhino Investment Partners Inc purchased a new position in shares of HarborOne Bancorp during the 4th quarter valued at $3,185,000. Millennium Management LLC raised its stake in HarborOne Bancorp by 70.5% in the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider's stock worth $4,808,000 after buying an additional 191,719 shares in the last quarter. Nuveen LLC bought a new position in shares of HarborOne Bancorp during the first quarter valued at approximately $1,484,000. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 valued at $67,350,000 after purchasing an additional 131,602 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of HarborOne Bancorp by 306.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider's stock valued at $1,672,000 after purchasing an additional 106,526 shares in the last quarter. 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.