HarborOne Bancorp, Inc. (NASDAQ:HONE) Receives $13.00 Consensus PT from Analysts

HarborOne Bancorp, Inc. (NASDAQ:HONE) has been assigned a consensus rating of “Moderate Buy” from the three research firms that are presently covering the company, MarketBeat Ratings reports. Two 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 brokerages that have updated their coverage on the stock in the last year is $13.00.

HONE has been the subject of several research analyst reports. Wall Street Zen raised HarborOne Bancorp to a “hold” rating in a research note on Friday, August 22nd. Piper Sandler raised their price target on HarborOne Bancorp from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th.

HarborOne Bancorp Price Performance

NASDAQ HONE opened at $12.78 on Monday. HarborOne Bancorp has a 1-year low of $8.89 and a 1-year high of $13.73. The company has a market capitalization of $551.58 million, a P/E ratio of 19.66 and a beta of 0.63. The business has a 50 day moving average price of $12.16 and a 200 day moving average price of $11.34.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. HarborOne Bancorp had a return on equity of 4.66% and a net margin of 8.43%.The firm had revenue of $45.44 million during the quarter, compared to the consensus estimate of $32.39 million. On average, research analysts expect that HarborOne Bancorp will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.36 annualized dividend and a yield of 2.8%. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 55.38%.

Hedge Funds Weigh In On HarborOne Bancorp

Several hedge funds have recently bought and sold shares of HONE. Tower Research Capital LLC TRC increased its position in HarborOne Bancorp by 128.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider’s stock worth $53,000 after buying an additional 2,538 shares in the last quarter. CWM LLC increased its position in HarborOne Bancorp by 35.3% during the first quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,326 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in HarborOne Bancorp during the fourth quarter worth $101,000. Point72 Asset Management L.P. purchased a new position in HarborOne Bancorp during the fourth quarter worth $114,000. Finally, ProShare Advisors LLC purchased a new position in HarborOne Bancorp during the fourth quarter worth $128,000. Hedge funds and other institutional investors 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.