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

HarborOne Bancorp, Inc. (NASDAQ:HONE) has received an average recommendation of “Moderate Buy” from the four ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.00.

HONE has been the topic of several recent analyst reports. Piper Sandler upped their price target on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HarborOne Bancorp in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of HarborOne Bancorp to a “hold” rating in a research note on Friday, August 22nd.

HarborOne Bancorp Price Performance

Shares of HONE opened at $13.82 on Tuesday. The stock’s 50-day moving average is $13.22 and its two-hundred day moving average is $11.98. The stock has a market cap of $596.47 million, a PE ratio of 21.26 and a beta of 0.61. HarborOne Bancorp has a 12 month low of $8.89 and a 12 month high of $14.29.

HarborOne Bancorp (NASDAQ:HONE) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. HarborOne Bancorp had a net margin of 8.43% and a return on equity of 4.66%. The business had revenue of $45.44 million for the quarter, compared to analysts’ expectations of $32.39 million. On average, research analysts anticipate that HarborOne Bancorp will post 0.83 earnings per share for the current year.

HarborOne Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.36 annualized dividend and a yield of 2.6%. HarborOne Bancorp’s dividend payout ratio is presently 55.38%.

Institutional Trading of HarborOne Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in shares of HarborOne Bancorp by 2,617.3% during the 2nd quarter. Alliancebernstein L.P. now owns 988,905 shares of the financial services provider’s stock valued at $11,550,000 after acquiring an additional 952,512 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of HarborOne Bancorp by 1.7% during the second quarter. Geode Capital Management LLC now owns 935,802 shares of the financial services provider’s stock worth $10,932,000 after purchasing an additional 15,678 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of HarborOne Bancorp during the second quarter worth $7,596,000. Qube Research & Technologies Ltd raised its holdings in shares of HarborOne Bancorp by 263.5% during the second quarter. Qube Research & Technologies Ltd now owns 590,976 shares of the financial services provider’s stock worth $6,903,000 after purchasing an additional 428,411 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in shares of HarborOne Bancorp during the second quarter worth $6,512,000. Institutional investors and hedge funds 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.