HarborOne Bancorp, Inc. (NASDAQ:HONE) Receives $13.00 Consensus Price Target from Brokerages

HarborOne Bancorp, Inc. (NASDAQ:HONE) has been given an average rating of “Moderate Buy” by the four analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $13.00.

A number of analysts have issued reports on HONE shares. Piper Sandler lifted their price objective on HarborOne Bancorp from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Weiss Ratings reissued 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 report on Friday, August 22nd.

HarborOne Bancorp Price Performance

Shares of HONE stock opened at $12.10 on Friday. The company’s fifty day simple moving average is $13.11 and its two-hundred day simple moving average is $12.31. HarborOne Bancorp has a 52 week low of $8.89 and a 52 week high of $14.29. The stock has a market cap of $522.22 million, a P/E ratio of 18.62 and a beta of 0.61.

Institutional Trading of HarborOne Bancorp

Hedge funds have recently made changes to their positions in the business. Woodline Partners LP bought a new position in shares of HarborOne Bancorp in the 3rd quarter valued at about $1,088,000. Water Island Capital LLC raised its position in HarborOne Bancorp by 13.9% during the third quarter. Water Island Capital LLC now owns 22,464 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 2,748 shares during the period. Quantessence Capital LLC bought a new stake in shares of HarborOne Bancorp in the 3rd quarter valued at approximately $385,000. Quarry LP bought a new stake in shares of HarborOne Bancorp in the 3rd quarter valued at approximately $2,720,000. Finally, PenderFund Capital Management Ltd. purchased a new position in shares of HarborOne Bancorp in the 3rd quarter worth approximately $159,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

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.