HarborOne Bancorp (NASDAQ:HONE) Upgraded by Seaport Res Ptn to "Strong-Buy" Rating

Seaport Res Ptn upgraded shares of HarborOne Bancorp (NASDAQ:HONE - Free Report) from a hold rating to a strong-buy rating in a research report report published on Friday,Zacks.com reports. Seaport Res Ptn also issued estimates for HarborOne Bancorp's Q2 2025 earnings at $0.19 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.21 EPS, Q4 2026 earnings at $0.20 EPS and FY2026 earnings at $0.81 EPS.

HarborOne Bancorp Trading Up 0.2 %

Shares of HONE stock traded up $0.03 during trading hours on Friday, hitting $11.35. The company had a trading volume of 258,327 shares, compared to its average volume of 185,183. The company's fifty day moving average is $10.41 and its 200 day moving average is $11.69. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. HarborOne Bancorp has a fifty-two week low of $8.89 and a fifty-two week high of $14.00. The stock has a market capitalization of $504.50 million, a PE ratio of 17.20 and a beta of 0.61.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its earnings results 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). The business had revenue of $41.36 million for the quarter, compared to analyst estimates of $36.01 million. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. Research analysts expect that HarborOne Bancorp will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio is presently 50.79%.

Institutional Investors Weigh In On HarborOne Bancorp

A number of large investors have recently modified their holdings of HONE. Tower Research Capital LLC TRC increased its position in shares of HarborOne Bancorp by 128.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 2,538 shares during the last quarter. Quarry LP purchased a new stake in shares of HarborOne Bancorp in the 4th quarter valued at approximately $57,000. US Bancorp DE increased its position in shares of HarborOne Bancorp by 1,306.7% in the 4th quarter. US Bancorp DE now owns 5,880 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 5,462 shares during the last quarter. Quantbot Technologies LP increased its position in shares of HarborOne Bancorp by 18.3% in the 4th quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 1,033 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of HarborOne Bancorp in the 4th quarter valued at $81,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.