HarborOne Bancorp (NASDAQ:HONE) Earns Neutral Rating from Janney Montgomery Scott

HarborOne Bancorp (NASDAQ:HONE)‘s stock had its “neutral” rating reissued by investment analysts at Janney Montgomery Scott in a research note issued on Tuesday, Marketbeat Ratings reports.

Separately, Seaport Res Ptn upgraded shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th.

HarborOne Bancorp Stock Performance

NASDAQ:HONE opened at $11.32 on Tuesday. The business’s fifty day moving average price is $10.41 and its 200 day moving average price is $11.69. The firm has a market capitalization of $503.30 million, a PE ratio of 17.15 and a beta of 0.61. HarborOne Bancorp has a 12 month low of $8.89 and a 12 month high of $14.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11.

HarborOne Bancorp (NASDAQ:HONE) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). The business had revenue of $41.36 million for the quarter, compared to analyst estimates of $36.01 million. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. On average, sell-side analysts anticipate that HarborOne Bancorp will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HarborOne Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of HarborOne Bancorp by 65.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider’s stock valued at $1,573,000 after acquiring an additional 47,857 shares during the period. Franklin Resources Inc. grew its stake in shares of HarborOne Bancorp by 194.9% in the 3rd quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 24,924 shares during the last quarter. Jane Street Group LLC raised its stake in shares of HarborOne Bancorp by 76.6% during the third quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider’s stock worth $870,000 after purchasing an additional 29,066 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of HarborOne Bancorp by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider’s stock worth $67,350,000 after purchasing an additional 131,602 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of HarborOne Bancorp by 29.8% during the fourth quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 6,288 shares during the period. Hedge funds and other institutional investors own 65.01% of the company’s stock.

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 primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.