HarborOne Bancorp, Inc. Plans Quarterly Dividend of $0.01 (NASDAQ:HONE)

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) announced a quarterly dividend on Wednesday, March 26th, RTT News reports. Investors of record on Wednesday, April 9th will be paid a dividend of 0.01 per share by the financial services provider on Wednesday, April 23rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Wednesday, April 9th.

HarborOne Bancorp has raised its dividend payment by an average of 17.0% annually over the last three years. HarborOne Bancorp has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HarborOne Bancorp to earn $1.01 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 31.7%.

HarborOne Bancorp Stock Performance

Shares of HONE stock remained flat at $10.53 during midday trading on Monday. 43,088 shares of the company's stock were exchanged, compared to its average volume of 163,560. HarborOne Bancorp has a one year low of $9.16 and a one year high of $14.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The stock has a market capitalization of $458.03 million, a P/E ratio of 15.95 and a beta of 0.73. The business has a 50 day simple moving average of $11.42 and a 200 day simple moving average of $12.16.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. As a group, sell-side analysts predict that HarborOne Bancorp will post 0.83 earnings per share for the current year.

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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.