HarborOne Bancorp (NASDAQ:HONE) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of HarborOne Bancorp (NASDAQ:HONE - Get Free Report) in a note issued to investors on Tuesday. The brokerage set a "hold" rating on the financial services provider's stock.

HONE has been the subject of several other reports. Janney Montgomery Scott restated a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. 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 Stock Performance

HONE traded down $0.01 during mid-day trading on Tuesday, reaching $11.52. 315,924 shares of the company traded hands, compared to its average volume of 194,968. The stock has a market capitalization of $512.19 million, a P/E ratio of 17.45 and a beta of 0.60. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The company's fifty day moving average price is $10.41 and its 200-day moving average price is $11.59. HarborOne Bancorp has a 52-week low of $8.89 and a 52-week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). The company had revenue of $41.36 million during the quarter, compared to analysts' expectations of $36.01 million. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. On average, sell-side analysts expect that HarborOne Bancorp will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HONE. Barclays PLC boosted its holdings in HarborOne Bancorp by 40.7% in the 3rd quarter. Barclays PLC now owns 107,289 shares of the financial services provider's stock worth $1,392,000 after buying an additional 31,045 shares during the period. Franklin Resources Inc. boosted its holdings in HarborOne Bancorp by 194.9% in the 3rd quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider's stock worth $496,000 after buying an additional 24,924 shares during the period. JPMorgan Chase & Co. boosted its holdings in HarborOne Bancorp by 65.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider's stock worth $1,573,000 after buying an additional 47,857 shares during the period. SG Americas Securities LLC boosted its holdings in HarborOne Bancorp by 29.8% in the 4th quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider's stock worth $324,000 after buying an additional 6,288 shares during the period. Finally, Empowered Funds LLC boosted its holdings in HarborOne Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 123,756 shares of the financial services provider's stock worth $1,464,000 after buying an additional 5,966 shares during the period. Institutional investors own 65.01% of the company's stock.

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.