Contrasting HarborOne Bancorp (NASDAQ:HONE) & Its Peers

HarborOne Bancorp (NASDAQ: HONE) is one of 312 public companies in the “Banks” industry, but how does it contrast to its peers? We will compare HarborOne Bancorp to related companies based on the strength of its dividends, analyst recommendations, risk, valuation, profitability, earnings and institutional ownership.

Insider and Institutional Ownership

17.3% of HarborOne Bancorp shares are owned by institutional investors. Comparatively, 51.8% of shares of all “Banks” companies are owned by institutional investors. 1.3% of HarborOne Bancorp shares are owned by company insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Analyst Ratings

This is a breakdown of recent recommendations for HarborOne Bancorp and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HarborOne Bancorp 0 0 0 0 N/A
HarborOne Bancorp Competitors 2515 9110 8973 382 2.34

As a group, “Banks” companies have a potential upside of 1.14%. Given HarborOne Bancorp’s peers higher probable upside, analysts clearly believe HarborOne Bancorp has less favorable growth aspects than its peers.

Profitability

This table compares HarborOne Bancorp and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
HarborOne Bancorp 7.17% 3.43% 0.44%
HarborOne Bancorp Competitors 17.29% 7.91% 0.95%

Volatility and Risk

HarborOne Bancorp has a beta of -0.22, suggesting that its share price is 122% less volatile than the S&P 500. Comparatively, HarborOne Bancorp’s peers have a beta of 0.76, suggesting that their average share price is 24% less volatile than the S&P 500.

Earnings and Valuation

This table compares HarborOne Bancorp and its peers gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
HarborOne Bancorp $144.82 million $10.38 million 58.30
HarborOne Bancorp Competitors $5.59 billion $779.25 million 64.21

HarborOne Bancorp’s peers have higher revenue and earnings than HarborOne Bancorp. HarborOne Bancorp is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

HarborOne Bancorp peers beat HarborOne Bancorp on 10 of the 10 factors compared.

HarborOne Bancorp Company Profile

HarborOne Bancorp, Inc. is a mid-tier stock holding company. The Company’s principal subsidiary is HarborOne Bank (the Bank), a state chartered co-operative bank whose primary subsidiary is a residential mortgage company, Merrimack Mortgage Company, LLC (Merrimack Mortgage). The Company operates through two segments: HarborOne Bank and Merrimack Mortgage. The Bank segment provides consumer and business banking products and services to customers. Consumer products include loan and deposit products, and business banking products include loans for working capital, inventory and general corporate use, commercial real estate construction loans and deposit accounts. The Merrimack Mortgage segment consists of originating residential mortgage loans primarily for sale in the secondary market. The Company’s subsidiary, Legion Parkway Company LLC, is a security company.

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