HarborOne Bancorp (NASDAQ:HONE) Earns Hold Rating from Analysts at Wall Street Zen

Equities researchers at Wall Street Zen assumed coverage on shares of HarborOne Bancorp (NASDAQ:HONE - Get Free Report) in a research note issued on Thursday. The brokerage set a "hold" rating on the financial services provider's stock.

Several other analysts also recently weighed in on HONE. Seaport Res Ptn upgraded HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Janney Montgomery Scott reiterated a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th.

HarborOne Bancorp Stock Performance

HarborOne Bancorp stock traded up $0.20 during trading hours on Thursday, hitting $11.45. 268,037 shares of the stock traded hands, compared to its average volume of 203,888. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The firm's 50 day moving average price is $10.61 and its 200-day moving average price is $11.53. The stock has a market capitalization of $493.39 million, a price-to-earnings ratio of 17.35 and a beta of 0.60. HarborOne Bancorp has a 1 year low of $8.89 and a 1 year high of $14.00.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly 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 firm had revenue of $41.36 million for the quarter, compared to analysts' expectations of $36.01 million. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. As a group, equities analysts expect that HarborOne Bancorp will post 0.83 EPS for the current fiscal year.

Institutional Trading of HarborOne Bancorp

A number of hedge funds have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its stake in shares of HarborOne Bancorp by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock worth $67,350,000 after buying an additional 131,602 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in HarborOne Bancorp by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,592,784 shares of the financial services provider's stock worth $30,673,000 after purchasing an additional 47,592 shares in the last quarter. Vanguard Group Inc. boosted its position in HarborOne Bancorp by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock worth $26,593,000 after purchasing an additional 75,328 shares in the last quarter. Millennium Management LLC boosted its position in HarborOne Bancorp by 70.5% during the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider's stock worth $4,808,000 after purchasing an additional 191,719 shares in the last quarter. Finally, Northern Trust Corp boosted its position in HarborOne Bancorp by 5.7% during the fourth quarter. Northern Trust Corp now owns 364,935 shares of the financial services provider's stock worth $4,317,000 after purchasing an additional 19,600 shares in 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.