HarborOne Bancorp (NASDAQ:HONE) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of HarborOne Bancorp (NASDAQ:HONE) in a research note issued to investors on Wednesday. The firm issued a hold rating on the financial services provider’s stock.

Several other research firms have also recently commented on HONE. Janney Montgomery Scott restated a “neutral” rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Seaport Res Ptn raised shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th.

HarborOne Bancorp Price Performance

NASDAQ HONE opened at $11.70 on Wednesday. HarborOne Bancorp has a 52 week low of $8.89 and a 52 week high of $14.00. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The stock has a market cap of $504.16 million, a price-to-earnings ratio of 17.73 and a beta of 0.60. The company has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $11.59.

HarborOne Bancorp (NASDAQ:HONE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. The firm had revenue of $41.36 million during the quarter, compared to the consensus estimate of $36.01 million. Analysts forecast that HarborOne Bancorp will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp’s dividend payout ratio is currently 50.79%.

Institutional Trading of HarborOne Bancorp

A number of institutional investors have recently made changes to their positions in HONE. Rhino Investment Partners Inc acquired a new stake in shares of HarborOne Bancorp in the 4th quarter worth approximately $3,185,000. Millennium Management LLC lifted its stake in shares of HarborOne Bancorp by 70.5% in the 1st quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider’s stock worth $4,808,000 after acquiring an additional 191,719 shares during the period. Nuveen LLC acquired a new stake in shares of HarborOne Bancorp in the 1st quarter worth approximately $1,484,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of HarborOne Bancorp by 2.4% in the 4th 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 acquiring an additional 131,602 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in HarborOne Bancorp by 306.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider’s stock valued at $1,672,000 after purchasing an additional 106,526 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

HarborOne Bancorp Company Profile

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.