HarborOne Bancorp (HONE) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for HarborOne Bancorp in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HONE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HONE, but not buy additional shares or sell existing shares.
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3 brokerages have issued 1 year target prices for HarborOne Bancorp's shares. Their HONE share price forecasts range from $13.50 to $14.00. On average, they anticipate the company's stock price to reach $13.75 in the next year. This suggests a possible upside of 54.0% from the stock's current price.
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HarborOne Bancorp's stock was trading at $13.90 at the beginning of the year. Since then, HONE shares have decreased by 35.8% and is now trading at $8.93.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our HONE earnings forecast.

HarborOne Bancorp, Inc. (NASDAQ:HONE) posted its quarterly earnings results on Thursday, April, 27th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.03. The financial services provider earned $43.09 million during the quarter, compared to the consensus estimate of $48.39 million. HarborOne Bancorp had a net margin of 16.98% and a trailing twelve-month return on equity of 6.62%.

HarborOne Bancorp announced a quarterly dividend on Thursday, March 30th. Investors of record on Wednesday, April 12th will be paid a dividend of $0.075 per share on Wednesday, April 26th. This represents a $0.30 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, April 11th. This is an increase from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for HONE.

ETFs with the largest weight of HarborOne Bancorp (NASDAQ:HONE) stock in their portfolio include iShares US Small Cap Value Factor ETF (SVAL), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Vanguard US Multifactor ETF (VFMF), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Vanguard U.S. Minimum Volatility ETF (VFMV) and SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST).

HarborOne Bancorp (NASDAQ:HONE) pays an annual dividend of $0.30 per share and currently has a dividend yield of 3.36%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HONE will have a dividend payout ratio of 40.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HONE.

Based on aggregate information from My MarketBeat watchlists, some companies that other HarborOne Bancorp investors own include PCSB Financial (PCSB), Pure Storage (PSTG), Blue Hills Bancorp (BHBK), Freeport-McMoRan (FCX), General Electric (GE), Huntington Bancshares (HBAN), HomeTrust Bancshares (HTBI), KeyCorp (KEY), Kearny Financial (KRNY) and New York Community Bancorp (NYCB).

HarborOne Bancorp trades on the NASDAQ under the ticker symbol "HONE."

HarborOne Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.69%), Dimensional Fund Advisors LP (5.10%), State Street Corp (2.72%), Geode Capital Management LLC (1.87%), Bank of New York Mellon Corp (1.51%) and Royce & Associates LP (0.79%). Insiders that own company stock include Barry R Koretz, David E Tryder, Gordon Jezard, James W Blake, Joseph E Mcquade, Joseph F Casey, Linda Simmons and Michael James Sullivan.
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Shares of HONE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HONE stock can currently be purchased for approximately $8.93.

HarborOne Bancorp (NASDAQ:HONE) has a market capitalization of $416.05 million and generates $229.24 million in revenue each year. The financial services provider earns $45.59 million in net income (profit) each year or $0.88 on an earnings per share basis.

The company employs 635 workers across the globe.

HarborOne Bancorp's mailing address is 770 OAK STREET, BROCKTON MA, 02301. The official website for the company is www.harborone.com. The financial services provider can be reached via phone at (508) 895-1000 or via email at jcasey@harborone.com.