What is Seaport Res Ptn's Estimate for HONE FY2024 Earnings?

HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) - Seaport Res Ptn dropped their FY2024 earnings estimates for HarborOne Bancorp in a research report issued to clients and investors on Thursday, October 31st. Seaport Res Ptn analyst L. Hunsicker now expects that the financial services provider will post earnings of $0.63 per share for the year, down from their prior estimate of $0.69. The consensus estimate for HarborOne Bancorp's current full-year earnings is $0.64 per share. Seaport Res Ptn also issued estimates for HarborOne Bancorp's Q4 2025 earnings at $0.22 EPS and FY2025 earnings at $0.83 EPS.

A number of other equities research analysts also recently weighed in on the stock. Piper Sandler dropped their price target on shares of 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 raised shares of HarborOne Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday.

HarborOne Bancorp Price Performance

Shares of NASDAQ HONE traded down $0.15 during midday trading on Monday, reaching $11.80. The company's stock had a trading volume of 122,605 shares, compared to its average volume of 148,211. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.13 and a current ratio of 1.14. HarborOne Bancorp has a fifty-two week low of $9.15 and a fifty-two week high of $14.00. The business's 50 day moving average price is $12.70 and its two-hundred day moving average price is $11.73. The company has a market cap of $524.04 million, a P/E ratio of 42.68 and a beta of 0.74.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly 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). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The business had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million.

Institutional Trading of HarborOne Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Eastern Bank bought a new stake in shares of HarborOne Bancorp during the third quarter worth $31,000. Creative Planning grew its stake in shares of HarborOne Bancorp by 27.8% during the third quarter. Creative Planning now owns 13,309 shares of the financial services provider's stock worth $173,000 after buying an additional 2,898 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of HarborOne Bancorp by 63.3% during the third quarter. SG Americas Securities LLC now owns 21,069 shares of the financial services provider's stock worth $273,000 after buying an additional 8,169 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of HarborOne Bancorp by 192.0% during the second quarter. Cubist Systematic Strategies LLC now owns 28,700 shares of the financial services provider's stock worth $319,000 after buying an additional 18,870 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of HarborOne Bancorp by 4.9% during the second quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider's stock worth $299,000 after buying an additional 1,270 shares during the last quarter. Institutional investors own 65.01% of the company's stock.

Insider Activity at HarborOne Bancorp

In related news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction that occurred 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 $189,184.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.90% of the stock is currently owned by insiders.

HarborOne Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 14th were paid a $0.08 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.32 dividend on an annualized basis and a yield of 2.71%. HarborOne Bancorp's dividend payout ratio (DPR) is 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.