HarborOne Bancorp, Inc. (NASDAQ:HONE – Free Report) – Equities research analysts at Seaport Res Ptn increased their FY2023 EPS estimates for HarborOne Bancorp in a note issued to investors on Wednesday, November 15th. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will post earnings per share of $0.70 for the year, up from their previous estimate of $0.62. Seaport Res Ptn currently has a “Neutral” rating on the stock. The consensus estimate for HarborOne Bancorp’s current full-year earnings is $0.67 per share. Seaport Res Ptn also issued estimates for HarborOne Bancorp’s Q4 2023 earnings at $0.16 EPS, Q1 2024 earnings at $0.15 EPS, Q2 2024 earnings at $0.15 EPS, Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.59 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and FY2025 earnings at $0.67 EPS.
Separately, StockNews.com raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Monday.
HarborOne Bancorp Price Performance
Shares of HONE opened at $11.06 on Thursday. The firm has a market cap of $506.22 million, a PE ratio of 14.97 and a beta of 0.71. The firm’s 50 day moving average price is $9.77 and its 200 day moving average price is $9.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.12 and a current ratio of 1.12. HarborOne Bancorp has a twelve month low of $7.51 and a twelve month high of $14.93.
HarborOne Bancorp (NASDAQ:HONE – Get Free Report) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The business had revenue of $42.68 million during the quarter, compared to analysts’ expectations of $42.23 million. HarborOne Bancorp had a net margin of 11.93% and a return on equity of 5.47%.
Hedge Funds Weigh In On HarborOne Bancorp
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in shares of HarborOne Bancorp by 94.8% in the second quarter. Victory Capital Management Inc. now owns 179,987 shares of the financial services provider’s stock valued at $1,562,000 after purchasing an additional 87,587 shares during the period. EA Series Trust bought a new position in shares of HarborOne Bancorp in the second quarter valued at approximately $465,000. State of New Jersey Common Pension Fund D raised its position in shares of HarborOne Bancorp by 39.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 168,414 shares of the financial services provider’s stock valued at $1,462,000 after purchasing an additional 48,009 shares during the period. Barclays PLC raised its position in shares of HarborOne Bancorp by 24.2% in the first quarter. Barclays PLC now owns 81,595 shares of the financial services provider’s stock valued at $995,000 after purchasing an additional 15,873 shares during the period. Finally, Strs Ohio bought a new position in shares of HarborOne Bancorp in the second quarter valued at approximately $209,000. Institutional investors own 52.96% of the company’s stock.
HarborOne Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, October 16th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Friday, October 13th. HarborOne Bancorp’s payout ratio is presently 40.54%.
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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans.
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