HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.08 per share by the financial services provider on Tuesday, January 14th. This represents a $0.32 annualized dividend and a dividend yield of 2.66%.
HarborOne Bancorp has raised its dividend payment by an average of 35.7% annually over the last three years. HarborOne Bancorp has a dividend payout ratio of 36.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HarborOne Bancorp to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 36.8%.
HarborOne Bancorp Stock Performance
NASDAQ:HONE traded down $0.09 during mid-day trading on Thursday, reaching $12.05. The company's stock had a trading volume of 259,441 shares, compared to its average volume of 157,343. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The stock has a market cap of $530.83 million, a P/E ratio of 43.04 and a beta of 0.75. The firm's fifty day moving average price is $12.84 and its two-hundred day moving average price is $12.30. HarborOne Bancorp has a 12-month low of $9.15 and a 12-month high of $14.00.
HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The company had revenue of $79.60 million for the quarter, compared to analysts' expectations of $43.37 million. On average, equities analysts forecast that HarborOne Bancorp will post 0.62 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. StockNews.com upgraded HarborOne Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, November 2nd. Piper Sandler dropped their target price on HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th.
Read Our Latest Research Report on HarborOne Bancorp
About HarborOne Bancorp
(
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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.
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