HarborOne Bancorp (NASDAQ:HONE) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of HarborOne Bancorp (NASDAQ:HONE – Get Rating) in a research note released on Thursday morning. The brokerage issued a sell rating on the financial services provider’s stock.

HarborOne Bancorp Trading Down 6.6 %

Shares of HarborOne Bancorp stock opened at $12.20 on Thursday. The firm has a market capitalization of $589.02 million, a PE ratio of 12.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.01 and a quick ratio of 1.01. The company’s fifty day moving average price is $13.59 and its two-hundred day moving average price is $13.93. HarborOne Bancorp has a 52-week low of $11.63 and a 52-week high of $15.56.

HarborOne Bancorp (NASDAQ:HONE – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.08). The business had revenue of $49.09 million during the quarter, compared to the consensus estimate of $53.80 million. HarborOne Bancorp had a net margin of 19.89% and a return on equity of 7.29%. On average, analysts expect that HarborOne Bancorp will post 0.93 EPS for the current year.

HarborOne Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.30%. The ex-dividend date was Friday, December 30th. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 28.87%.

Institutional Investors Weigh In On HarborOne Bancorp

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of HarborOne Bancorp by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,250,791 shares of the financial services provider’s stock worth $31,286,000 after purchasing an additional 61,660 shares during the last quarter. State Street Corp grew its holdings in shares of HarborOne Bancorp by 5.4% in the 1st quarter. State Street Corp now owns 1,413,285 shares of the financial services provider’s stock worth $19,814,000 after purchasing an additional 72,114 shares during the last quarter. Millennium Management LLC grew its holdings in shares of HarborOne Bancorp by 58.5% in the 4th quarter. Millennium Management LLC now owns 467,192 shares of the financial services provider’s stock worth $6,494,000 after purchasing an additional 172,368 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of HarborOne Bancorp by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 357,705 shares of the financial services provider’s stock worth $5,015,000 after purchasing an additional 2,246 shares during the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. grew its holdings in shares of HarborOne Bancorp by 9.7% in the 3rd quarter. Elizabeth Park Capital Advisors Ltd. now owns 281,854 shares of the financial services provider’s stock worth $3,782,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors own 54.96% of the company’s stock.

About HarborOne Bancorp

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HarborOne Bancorp, Inc is a bank holding company, which engages in the provision of co-operative banking services. It operates through the HarborOne Bank and HarborOne Mortgage segments. The HarborOne Bank segment consists primarily of interest earned on loans and investment securities and service charges on deposit accounts.