Shares of HarborOne Bancorp Inc (NASDAQ:HONE) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Zacks has also given HarborOne Bancorp an industry rank of 144 out of 255 based on the ratings given to related companies.
A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of HarborOne Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Sandler O’Neill raised shares of HarborOne Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, March 19th. Finally, Compass Point cut HarborOne Bancorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Thursday, March 15th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. M3F Inc. lifted its stake in HarborOne Bancorp by 114.1% during the first quarter. M3F Inc. now owns 213,909 shares of the financial services provider’s stock worth $3,778,000 after purchasing an additional 113,975 shares during the last quarter. Salzhauer Michael bought a new position in HarborOne Bancorp during the fourth quarter worth $410,000. Victory Capital Management Inc. lifted its stake in HarborOne Bancorp by 9.9% during the fourth quarter. Victory Capital Management Inc. now owns 59,445 shares of the financial services provider’s stock worth $1,139,000 after purchasing an additional 5,345 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in HarborOne Bancorp by 3.2% during the fourth quarter. Brandywine Global Investment Management LLC now owns 157,072 shares of the financial services provider’s stock worth $3,010,000 after purchasing an additional 4,813 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in HarborOne Bancorp during the fourth quarter worth $146,000. Hedge funds and other institutional investors own 18.75% of the company’s stock.
Shares of HONE stock traded down $0.01 during mid-day trading on Friday, reaching $19.24. 220,835 shares of the company were exchanged, compared to its average volume of 84,526. HarborOne Bancorp has a fifty-two week low of $15.92 and a fifty-two week high of $21.00. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $627.99 million, a P/E ratio of 55.00 and a beta of 0.21.
HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). HarborOne Bancorp had a return on equity of 3.24% and a net margin of 6.68%. The company had revenue of $31.47 million for the quarter.
HarborOne Bancorp Company Profile
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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