What is Seaport Res Ptn's Estimate for HONE Q4 Earnings?

HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) - Equities research analysts at Seaport Res Ptn lifted their Q4 2024 EPS estimates for HarborOne Bancorp in a report released on Thursday, October 31st. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will earn $0.18 per share for the quarter, up from their prior estimate of $0.17. The consensus estimate for HarborOne Bancorp's current full-year earnings is $0.64 per share.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The business had revenue of $79.60 million during the quarter, compared to the consensus estimate of $43.37 million. HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%.

A number of other equities research analysts have also recently commented on the stock. Piper Sandler reduced their price target on shares of HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Friday, October 25th. StockNews.com downgraded HarborOne Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, October 25th.

HarborOne Bancorp Trading Up 0.7 %

Shares of NASDAQ:HONE traded up $0.08 during mid-day trading on Friday, hitting $11.95. The company had a trading volume of 666,646 shares, compared to its average volume of 148,332. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.14 and a quick ratio of 1.13. HarborOne Bancorp has a one year low of $9.15 and a one year high of $14.00. The firm has a fifty day moving average price of $12.73 and a 200 day moving average price of $11.68. The company has a market capitalization of $530.68 million, a PE ratio of 42.39 and a beta of 0.73.

Institutional Investors Weigh In On HarborOne Bancorp

Several institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in HarborOne Bancorp during the 2nd quarter worth $27,000. Eastern Bank bought a new stake in HarborOne Bancorp in the third quarter worth about $31,000. Price T Rowe Associates Inc. MD boosted its stake in HarborOne Bancorp by 14.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 1,498 shares during the last quarter. Creative Planning grew its position in shares of HarborOne Bancorp by 27.8% during the 3rd quarter. Creative Planning now owns 13,309 shares of the financial services provider's stock valued at $173,000 after acquiring an additional 2,898 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of HarborOne Bancorp by 63.3% during the 3rd quarter. SG Americas Securities LLC now owns 21,069 shares of the financial services provider's stock worth $273,000 after purchasing an additional 8,169 shares during the last quarter. Institutional investors own 65.01% of the company's stock.

Insider Buying and Selling at HarborOne Bancorp

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the transaction, the chief marketing officer now directly owns 15,159 shares of the company's stock, valued at approximately $189,184.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is currently owned by company insiders.

HarborOne Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 14th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, October 11th. HarborOne Bancorp's payout ratio is currently 114.29%.

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.