HarborOne Bancorp (NASDAQ:HONE) Raised to Hold at StockNews.com

StockNews.com upgraded shares of HarborOne Bancorp (NASDAQ:HONE) from a sell rating to a hold rating in a report issued on Friday.

Separately, TheStreet downgraded HarborOne Bancorp from a b rating to a c+ rating in a research note on Tuesday, January 30th.

HarborOne Bancorp Stock Up 0.3 %

NASDAQ HONE opened at $10.26 on Friday. The stock’s 50 day moving average is $10.01 and its 200 day moving average is $10.66. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. HarborOne Bancorp has a 12 month low of $7.51 and a 12 month high of $12.44. The stock has a market cap of $463.44 million, a PE ratio of 27.73 and a beta of 0.74.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). HarborOne Bancorp had a return on equity of 4.56% and a net margin of 5.38%. The business had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $42.11 million. Research analysts predict that HarborOne Bancorp will post 0.6 EPS for the current fiscal year.

HarborOne Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.08 dividend. This is an increase from HarborOne Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, April 9th. This represents a $0.32 dividend on an annualized basis and a yield of 3.12%. HarborOne Bancorp’s payout ratio is presently 86.49%.

Institutional Trading of HarborOne Bancorp

A number of large investors have recently added to or reduced their stakes in HONE. Signaturefd LLC increased its stake in HarborOne Bancorp by 54.6% in the 3rd quarter. Signaturefd LLC now owns 3,238 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,143 shares during the last quarter. Headinvest LLC bought a new position in shares of HarborOne Bancorp during the 3rd quarter valued at approximately $42,000. Barrett & Company Inc. increased its position in shares of HarborOne Bancorp by 5,618.0% during the 4th quarter. Barrett & Company Inc. now owns 5,089 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 5,000 shares during the last quarter. Corton Capital Inc. bought a new position in shares of HarborOne Bancorp during the 3rd quarter valued at approximately $97,000. Finally, Quest Partners LLC bought a new position in shares of HarborOne Bancorp during the 4th quarter valued at approximately $108,000. Institutional investors own 65.01% of the company’s stock.

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.