HarborOne Bancorp (NASDAQ: HONE) is one of 315 publicly-traded 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 institutional ownership, dividends, analyst recommendations, risk, profitability, valuation and earnings.
Institutional and Insider Ownership
17.6% of HarborOne Bancorp shares are held by institutional investors. Comparatively, 52.6% of shares of all “Banks” companies are held by institutional investors. 1.3% of HarborOne Bancorp shares are held by company insiders. Comparatively, 10.4% of shares of all “Banks” companies are held 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.
HarborOne Bancorp has a beta of -0.28, indicating that its stock price is 128% less volatile than the S&P 500. Comparatively, HarborOne Bancorp’s peers have a beta of 0.77, indicating that their average stock price is 23% less volatile than the S&P 500.
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 Competitors||17.09%||6.52%||0.72%|
This is a summary of current recommendations and price targets for HarborOne Bancorp and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|HarborOne Bancorp Competitors||2583||9336||9175||393||2.34|
As a group, “Banks” companies have a potential downside of 4.80%. Given HarborOne Bancorp’s peers higher possible upside, analysts plainly believe HarborOne Bancorp has less favorable growth aspects than its peers.
Earnings & Valuation
This table compares HarborOne Bancorp and its peers revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|HarborOne Bancorp||$144.82 million||$10.38 million||60.58|
|HarborOne Bancorp Competitors||$5.75 billion||$844.59 million||226.05|
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.
HarborOne Bancorp peers beat HarborOne Bancorp on 10 of the 10 factors compared.
About HarborOne Bancorp
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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