HarborOne Bancorp (NASDAQ:HONE) Issues Earnings Results, Beats Expectations By $0.02 EPS

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) posted its earnings results on Tuesday. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02, Zacks reports. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%.

HarborOne Bancorp Price Performance

HONE traded down $0.35 during trading on Monday, hitting $10.52. The company's stock had a trading volume of 595,444 shares, compared to its average volume of 187,708. The firm's 50 day moving average price is $12.23 and its two-hundred day moving average price is $12.55. The stock has a market capitalization of $463.41 million, a price-to-earnings ratio of 15.94 and a beta of 0.75. HarborOne Bancorp has a 12 month low of $9.15 and a 12 month high of $14.00. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 annualized dividend and a yield of 3.04%. HarborOne Bancorp's payout ratio is 48.48%.

Analyst Ratings Changes

Several research firms recently commented on HONE. Piper Sandler cut their target price on HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. StockNews.com upgraded HarborOne Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, November 2nd.

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.