HarborOne Bancorp, Inc. (NASDAQ:HONE) Receives $13.00 Consensus PT from Analysts

HarborOne Bancorp, Inc. (NASDAQ:HONE) has been given a consensus rating of “Moderate Buy” by the four ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.00.

Several equities research analysts recently issued reports on HONE shares. Piper Sandler upped their price target on HarborOne Bancorp from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Wall Street Zen upgraded HarborOne Bancorp to a “hold” rating in a report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of HarborOne Bancorp in a report on Saturday.

HarborOne Bancorp Stock Down 3.7%

Shares of NASDAQ:HONE opened at $13.31 on Tuesday. HarborOne Bancorp has a twelve month low of $8.89 and a twelve month high of $14.29. The stock’s 50 day moving average is $13.24 and its 200-day moving average is $12.02. The firm has a market capitalization of $574.46 million, a price-to-earnings ratio of 20.48 and a beta of 0.61.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. HarborOne Bancorp had a return on equity of 4.66% and a net margin of 8.43%.The business had revenue of $45.44 million during the quarter, compared to the consensus estimate of $32.39 million. Equities research analysts anticipate that HarborOne Bancorp will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.36 annualized dividend and a yield of 2.7%. HarborOne Bancorp’s dividend payout ratio is 55.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HONE. Twelve Points Wealth Management LLC bought a new position in HarborOne Bancorp in the 1st quarter valued at $266,000. CWM LLC grew its stake in HarborOne Bancorp by 35.3% in the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,326 shares during the period. Victory Capital Management Inc. grew its stake in HarborOne Bancorp by 0.7% in the 1st quarter. Victory Capital Management Inc. now owns 288,142 shares of the financial services provider’s stock valued at $2,988,000 after purchasing an additional 2,070 shares during the period. Y Intercept Hong Kong Ltd grew its stake in HarborOne Bancorp by 161.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 38,858 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 23,977 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in HarborOne Bancorp in the 1st quarter valued at $176,000. 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.