Seaport Res Ptn Upgrades HarborOne Bancorp (NASDAQ:HONE) to Strong-Buy

Seaport Res Ptn upgraded shares of HarborOne Bancorp (NASDAQ:HONE - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning,Zacks.com reports. Seaport Res Ptn also issued estimates for HarborOne Bancorp's Q2 2025 earnings at $0.19 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.21 EPS, Q4 2026 earnings at $0.20 EPS and FY2026 earnings at $0.81 EPS.

HarborOne Bancorp Trading Up 0.8 %

Shares of HONE traded up $0.09 on Friday, reaching $11.40. 454,650 shares of the company's stock were exchanged, compared to its average volume of 182,998. The stock has a market capitalization of $506.86 million, a P/E ratio of 17.27 and a beta of 0.61. The business has a 50 day moving average price of $10.42 and a two-hundred day moving average price of $11.70. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. HarborOne Bancorp has a 12 month low of $8.89 and a 12 month high of $14.00.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). The firm had revenue of $41.36 million during the quarter, compared to analyst estimates of $36.01 million. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Research analysts anticipate that HarborOne Bancorp will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio (DPR) is currently 50.79%.

Institutional Trading of HarborOne Bancorp

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in HarborOne Bancorp by 65.3% in the third quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider's stock valued at $1,573,000 after buying an additional 47,857 shares during the period. Franklin Resources Inc. grew its holdings in HarborOne Bancorp by 194.9% during the third quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider's stock worth $496,000 after buying an additional 24,924 shares in the last quarter. Jane Street Group LLC grew its holdings in HarborOne Bancorp by 76.6% during the third quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider's stock worth $870,000 after buying an additional 29,066 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of HarborOne Bancorp by 2.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock valued at $67,350,000 after purchasing an additional 131,602 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of HarborOne Bancorp by 29.8% during the 4th quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 6,288 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

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.