HarborOne Bancorp (HONE) Stock Price, News & Analysis

Company Overview

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. The company also originates, sells, and services residential mortgage loans. In addition, it provides various educational services, such as free digital content, webinars, and recordings for small business and personal financial education under the HarborOne U name. The company operates through a network of full-service branches located in Massachusetts and Rhode Island, as well as commercial lending offices in each of Boston, Massachusetts, and Providence, Rhode Island, as well as administrative offices in Brockton, Massachusetts, as well as ATM locations in Massachusetts. HarborOne Bancorp, Inc. was founded in 1917 and is headquartered in Brockton, Massachusetts.

Key Stats

• Today's Range: $11.88 to $12.33
• 50-Day Range: $11.50 to $13.49
• 52-Week Range: $9.15 to $14.00
• Volume: 612,748 shs
• Average Volume: 159,195 shs
• Market Capitalization: $532.59 million
• P/E Ratio: 43.18
• Dividend Yield: 2.65%
• Price Target: $13.00
• Consensus Rating: Hold

HarborOne Bancorp Stock Analysis - MarketRank™

HarborOne Bancorp scored higher than 56% of companies evaluated by MarketBeat, and ranked 560th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

HarborOne Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

HarborOne Bancorp has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 40.32%

Earnings Growth

Earnings for HarborOne Bancorp are expected to grow by 40.32% in the coming year, from $0.62 to $0.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of HarborOne Bancorp is 43.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of HarborOne Bancorp is 43.18, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 26.75.

Price to Book Value per Share Ratio

HarborOne Bancorp has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.56% of the float of HarborOne Bancorp has been sold short.

Short Interest Ratio / Days to Cover

HarborOne Bancorp has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in HarborOne Bancorp has recently decreased by 14.27%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

HarborOne Bancorp pays a meaningful dividend of 2.52%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

HarborOne Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of HarborOne Bancorp is 114.29%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, HarborOne Bancorp will have a dividend payout ratio of 36.78% next year. This indicates that HarborOne Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.56% of the float of HarborOne Bancorp has been sold short.

Short Interest Ratio / Days to Cover

HarborOne Bancorp has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in HarborOne Bancorp has recently decreased by 14.27%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.40

News Sentiment

HarborOne Bancorp has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for HarborOne Bancorp this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, HarborOne Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.90% of the stock of HarborOne Bancorp is held by insiders.

Percentage Held by Institutions

65.01% of the stock of HarborOne Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HONE Stock Analysis - Frequently Asked Questions

How have HONE shares performed this year?

HarborOne Bancorp's stock was trading at $11.98 at the beginning of the year. Since then, HONE stock has increased by 0.9% and is now trading at $12.09.
View the best growth stocks for 2024 here.

How were HarborOne Bancorp's earnings last quarter?

HarborOne Bancorp, Inc. (NASDAQ:HONE) announced its quarterly earnings results on Thursday, October, 24th. The financial services provider reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.08. The financial services provider had revenue of $79.60 million for the quarter, compared to analyst estimates of $43.37 million. HarborOne Bancorp had a net margin of 3.68% and a trailing twelve-month return on equity of 3.82%.

Who are HarborOne Bancorp's major shareholders?

HarborOne Bancorp's top institutional shareholders include State Street Corp (2.67%), Geode Capital Management LLC (2.05%), Royce & Associates LP (0.80%) and Victory Capital Management Inc. (0.59%). Insiders that own company stock include Joseph F Casey, Michael James Sullivan, Linda Simmons, Gordon Jezard, David E Tryder, Joseph E Mcquade and James W Blake.
View institutional ownership trends.

How do I buy shares of HarborOne Bancorp?

Shares of HONE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of HarborOne Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that HarborOne Bancorp investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Alphabet (GOOG).

Company Calendar

• Ex-Dividend for 10/28 Dividend: 10/11/2024
• Last Earnings: 10/24/2024
• Dividend Payable: 10/28/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/14/2025
• Ex-Dividend for 1/14 Dividend: 1/01/2100

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:HONE
• CUSIP: N/A
• CIK: 1668224
• Web: www.harborone.com
• Phone: (508) 895-1000
• Fax: N/A
• Employees: 640
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $13.00
• High Stock Price Target: $13.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: +7.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.28
• Trailing P/E Ratio: 43.18
• Forward P/E Ratio: 19.50
• P/E Growth: N/A
• Net Income: $16.08 million
• Net Margins: 3.68%
• Pretax Margin: 5.89%
• Return on Equity: 3.82%
• Return on Assets: 0.38%

Debt

• Debt-to-Equity Ratio: 0.92
• Current Ratio: 1.12
• Quick Ratio: 1.11

Sales & Book Value

• Annual Sales: $160.14 million
• Price / Sales: 3.33
• Cash Flow: $0.87 per share
• Price / Cash Flow: 13.84
• Book Value: $12.76 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 44,052,000
• Free Float: 41,893,000
• Market Cap: $532.59 million
• Optionable: Optionable
• Beta: 0.75