Brokerages Set HarborOne Bancorp, Inc. (NASDAQ:HONE) Target Price at $13.00

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) have earned a consensus recommendation of “Moderate Buy” from the three research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $13.00.

HONE has been the topic of a number of research analyst reports. Janney Montgomery Scott reissued a “neutral” rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th. Seaport Res Ptn upgraded shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Finally, Wall Street Zen assumed coverage on shares of HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a “hold” rating for the company.

Institutional Trading of HarborOne Bancorp

A number of hedge funds have recently bought and sold shares of HONE. Y Intercept Hong Kong Ltd acquired a new stake in HarborOne Bancorp in the 4th quarter valued at about $176,000. Genesis Wealth Advisors LLC purchased a new position in shares of HarborOne Bancorp during the 4th quarter worth approximately $356,000. US Bancorp DE boosted its position in HarborOne Bancorp by 1,306.7% in the 4th quarter. US Bancorp DE now owns 5,880 shares of the financial services provider’s stock valued at $70,000 after buying an additional 5,462 shares during the period. Charles Schwab Investment Management Inc. boosted its position in HarborOne Bancorp by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider’s stock valued at $3,779,000 after buying an additional 2,363 shares during the period. Finally, Victory Capital Management Inc. boosted its position in HarborOne Bancorp by 9.1% in the 4th quarter. Victory Capital Management Inc. now owns 286,072 shares of the financial services provider’s stock valued at $3,384,000 after buying an additional 23,900 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Stock Up 0.1%

Shares of NASDAQ:HONE opened at $11.09 on Wednesday. The company has a market capitalization of $477.87 million, a price-to-earnings ratio of 17.60 and a beta of 0.60. HarborOne Bancorp has a 52 week low of $8.89 and a 52 week high of $14.00. The firm has a 50 day moving average of $11.06 and a 200 day moving average of $11.33.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 4.33% and a net margin of 8.13%. On average, sell-side analysts expect that HarborOne Bancorp will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a $0.01 dividend. The ex-dividend date of this dividend 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%.

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.