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

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

Several research firms recently issued reports on HONE. Weiss Ratings reissued a “hold (c+)” rating on shares of HarborOne Bancorp in a research report on Wednesday, October 8th. Wall Street Zen upgraded HarborOne Bancorp to a “hold” rating in a research note on Friday, August 22nd.

HarborOne Bancorp Stock Performance

NASDAQ HONE opened at $12.10 on Wednesday. The company has a fifty day simple moving average of $12.63 and a two-hundred day simple moving average of $12.37. The stock has a market cap of $522.22 million, a P/E ratio of 18.62 and a beta of 0.61. HarborOne Bancorp has a 12-month low of $8.89 and a 12-month high of $14.29.

Hedge Funds Weigh In On HarborOne Bancorp

A number of institutional investors have recently bought and sold shares of HONE. Larson Financial Group LLC purchased a new stake in shares of HarborOne Bancorp in the 3rd quarter valued at $28,000. Russell Investments Group Ltd. raised its holdings in shares of HarborOne Bancorp by 2,985.6% during the third quarter. Russell Investments Group Ltd. now owns 3,641 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 3,523 shares during the last quarter. BNP Paribas Financial Markets lifted its position in HarborOne Bancorp by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 7,634 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 3,607 shares during the period. CWM LLC lifted its position in HarborOne Bancorp by 83.5% during the second quarter. CWM LLC now owns 9,318 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 4,239 shares during the period. Finally, Rockland Trust Co. purchased a new stake in HarborOne Bancorp in the third quarter valued at $141,000. 65.01% of the stock is 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.