HarborOne Bancorp (HONE) Stock Rating Upgraded by Sandler O’Neill

Sandler O’Neill upgraded shares of HarborOne Bancorp (NASDAQ:HONE) from a hold rating to a buy rating in a research note released on Monday, March 19th, MarketBeat.com reports. The brokerage currently has $20.00 price objective on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the company. BidaskClub raised HarborOne Bancorp from a sell rating to a hold rating in a report on Friday, February 23rd. Compass Point cut HarborOne Bancorp from a buy rating to a neutral rating and set a $19.00 price target on the stock. in a research note on Thursday, March 15th.

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Shares of HarborOne Bancorp stock traded up $0.15 during trading hours on Monday, hitting $17.82. 88,796 shares of the company’s stock traded hands, compared to its average volume of 55,630. HarborOne Bancorp has a 12-month low of $15.92 and a 12-month high of $22.29. The firm has a market cap of $576.44, a PE ratio of 47.76 and a beta of 0.16. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.10.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.09 earnings per share for the quarter. HarborOne Bancorp had a return on equity of 3.41% and a net margin of 7.17%. The company had revenue of $33.59 million during the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HONE. New York State Common Retirement Fund bought a new stake in shares of HarborOne Bancorp during the second quarter valued at approximately $281,000. California Public Employees Retirement System bought a new position in shares of HarborOne Bancorp during the second quarter valued at $246,000. Bank of New York Mellon Corp lifted its holdings in shares of HarborOne Bancorp by 7.0% during the third quarter. Bank of New York Mellon Corp now owns 65,634 shares of the financial services provider’s stock valued at $1,235,000 after purchasing an additional 4,269 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of HarborOne Bancorp by 22.3% during the third quarter. Wells Fargo & Company MN now owns 16,930 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 3,090 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of HarborOne Bancorp by 163.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 105,803 shares of the financial services provider’s stock valued at $1,991,000 after purchasing an additional 65,703 shares in the last quarter. Institutional investors own 17.63% of the company’s stock.

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About HarborOne Bancorp

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and middle-market businesses, and municipalities throughout Southeastern New England. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate loans, commercial loans, construction loans, one- to four-family residential real estate loans, second mortgages and equity lines of credit, and auto and other consumer loans.

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