Shares of HarborOne Bancorp (NASDAQ:HONE) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. HarborOne Bancorp’s rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.
Zacks has also given HarborOne Bancorp an industry rank of 107 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded HarborOne Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Sandler O’Neill upgraded HarborOne Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, March 19th. Finally, Compass Point downgraded HarborOne Bancorp from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Thursday, March 15th.
Shares of HarborOne Bancorp opened at $18.19 on Thursday, according to Marketbeat. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.66. HarborOne Bancorp has a fifty-two week low of $15.92 and a fifty-two week high of $22.29. The company has a market capitalization of $593.41 million, a PE ratio of 51.97 and a beta of 0.18.
HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). HarborOne Bancorp had a return on equity of 3.24% and a net margin of 6.68%. The business had revenue of $31.47 million during the quarter.
Several hedge funds and other institutional investors have recently modified their holdings of HONE. SG Americas Securities LLC purchased a new stake in shares of HarborOne Bancorp in the first quarter worth approximately $107,000. MetLife Investment Advisors LLC purchased a new position in HarborOne Bancorp during the 4th quarter worth $146,000. Goldman Sachs Group Inc. purchased a new position in HarborOne Bancorp during the 4th quarter worth $227,000. Maltese Capital Management LLC purchased a new position in HarborOne Bancorp during the 1st quarter worth $228,000. Finally, Millennium Management LLC increased its holdings in HarborOne Bancorp by 21.0% during the 4th quarter. Millennium Management LLC now owns 15,618 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 2,711 shares during the period. Hedge funds and other institutional investors own 18.77% 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 middle-market businesses, and municipalities throughout Southeastern New England. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate loans, commercial loans, construction loans, one- to four-family residential real estate loans, second mortgages and equity lines of credit, and auto and other consumer loans.
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