HarborOne Bancorp (NASDAQ:HONE) Stock Rating Upgraded by StockNews.com

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Separately, TheStreet cut shares of HarborOne Bancorp from a "b" rating to a "c+" rating in a research report on Tuesday, January 30th.

HarborOne Bancorp Price Performance

HONE stock traded up $0.03 during mid-day trading on Friday, reaching $10.26. The company's stock had a trading volume of 260,013 shares, compared to its average volume of 158,032. The company's 50 day moving average is $10.01 and its two-hundred day moving average is $10.66. HarborOne Bancorp has a fifty-two week low of $7.51 and a fifty-two week high of $12.44. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The stock has a market cap of $463.44 million, a PE ratio of 28.50 and a beta of 0.74.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). HarborOne Bancorp had a net margin of 5.62% and a return on equity of 4.54%. The firm had revenue of $38.60 million during the quarter, compared to analysts' expectations of $42.11 million. Equities research analysts expect that HarborOne Bancorp will post 0.6 EPS for the current year.

Hedge Funds Weigh In On HarborOne Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HONE. SG Americas Securities LLC boosted its position in HarborOne Bancorp by 85.6% in the 3rd quarter. SG Americas Securities LLC now owns 21,129 shares of the financial services provider's stock valued at $201,000 after buying an additional 9,746 shares during the period. Strs Ohio raised its stake in HarborOne Bancorp by 85.5% during the 3rd quarter. Strs Ohio now owns 44,700 shares of the financial services provider's stock worth $425,000 after acquiring an additional 20,600 shares in the last quarter. TD Asset Management Inc acquired a new stake in HarborOne Bancorp during the 3rd quarter worth $236,000. Signaturefd LLC grew its position in HarborOne Bancorp by 54.6% during the 3rd quarter. Signaturefd LLC now owns 3,238 shares of the financial services provider's stock worth $31,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in HarborOne Bancorp by 43.0% during the 3rd quarter. Victory Capital Management Inc. now owns 257,325 shares of the financial services provider's stock worth $2,450,000 after purchasing an additional 77,338 shares during the last quarter. Hedge funds and other 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.

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