Analysts Set HarborOne Bancorp, Inc. (NASDAQ:HONE) PT at $13.00

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) have received a consensus recommendation of “Moderate Buy” from the three research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $13.00.

A number of equities research analysts recently issued reports on the company. Seaport Res Ptn upgraded HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Janney Montgomery Scott restated a “neutral” rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. Finally, Wall Street Zen initiated coverage on HarborOne Bancorp in a research note on Thursday, May 22nd. They issued a “hold” rating on the stock.

HarborOne Bancorp Trading Down 0.4%

NASDAQ HONE opened at $11.25 on Friday. The stock has a market capitalization of $484.77 million, a price-to-earnings ratio of 17.05 and a beta of 0.60. HarborOne Bancorp has a one year low of $8.89 and a one year 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. The business’s fifty day moving average is $10.59 and its 200-day moving average is $11.53.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. The business had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. Equities research analysts predict that HarborOne Bancorp will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were given a $0.01 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. HarborOne Bancorp’s payout ratio is 57.14%.

Institutional Trading of HarborOne Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of HONE. Rhino Investment Partners Inc bought a new position in shares of HarborOne Bancorp during the fourth quarter valued at approximately $3,185,000. Millennium Management LLC grew its stake in HarborOne Bancorp by 70.5% in the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider’s stock worth $4,808,000 after purchasing an additional 191,719 shares during the period. Nuveen LLC purchased a new stake in HarborOne Bancorp in the first quarter worth $1,484,000. T. Rowe Price Investment Management Inc. grew its stake in HarborOne Bancorp by 2.4% in 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, Cubist Systematic Strategies LLC grew its stake in HarborOne Bancorp by 306.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider’s stock worth $1,672,000 after purchasing an additional 106,526 shares during the period. 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.