HarborOne Bancorp (NASDAQ:HONE) Lifted to “Hold” at StockNews.com

HarborOne Bancorp (NASDAQ:HONE) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Separately, TheStreet lowered shares of HarborOne Bancorp from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th.

HarborOne Bancorp Stock Up 0.3 %

Shares of HONE opened at $10.26 on Friday. The company has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $10.67. The firm has a market capitalization of $463.44 million, a P/E ratio of 27.73 and a beta of 0.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.06. HarborOne Bancorp has a 52 week low of $7.51 and a 52 week high of $12.44.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). HarborOne Bancorp had a return on equity of 4.56% and a net margin of 5.38%. The business had revenue of $38.60 million during the quarter, compared to analyst estimates of $42.11 million. On average, equities research analysts expect that HarborOne Bancorp will post 0.6 earnings per share for the current year.

Institutional Trading of HarborOne Bancorp

Several hedge funds have recently modified their holdings of HONE. Signaturefd LLC increased its holdings in shares of HarborOne Bancorp by 54.6% during the third quarter. Signaturefd LLC now owns 3,238 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,143 shares in the last quarter. Headinvest LLC acquired a new stake in shares of HarborOne Bancorp during the third quarter worth approximately $42,000. Barrett & Company Inc. increased its holdings in shares of HarborOne Bancorp by 5,618.0% during the fourth quarter. Barrett & Company Inc. now owns 5,089 shares of the financial services provider’s stock worth $61,000 after buying an additional 5,000 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of HarborOne Bancorp during the third quarter worth approximately $97,000. Finally, Quest Partners LLC acquired a new stake in shares of HarborOne Bancorp during the fourth quarter worth approximately $108,000. Institutional investors and hedge funds 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.