HarborOne Bancorp (NASDAQ:HONE - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Friday.
Separately, Piper Sandler lowered their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday.
Read Our Latest Analysis on HONE
HarborOne Bancorp Trading Up 0.3 %
HONE traded up $0.04 on Friday, hitting $11.54. 370,619 shares of the company were exchanged, compared to its average volume of 145,028. The firm has a fifty day simple moving average of $12.76 and a two-hundred day simple moving average of $11.61. 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 12 month low of $9.15 and a 12 month high of $14.00. The stock has a market capitalization of $515.56 million, a PE ratio of 31.19 and a beta of 0.73.
HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a return on equity of 4.59% and a net margin of 5.20%. The business had revenue of $79.60 million during the quarter, compared to analysts' expectations of $43.37 million. Sell-side analysts expect that HarborOne Bancorp will post 0.71 earnings per share for the current year.
Insider Activity at HarborOne Bancorp
In other news, CMO David E. Tryder sold 13,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was 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 in the company, valued at $189,184.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On HarborOne Bancorp
Hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in 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 acquiring an additional 1,270 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in HarborOne Bancorp by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider's stock worth $126,000 after acquiring an additional 1,498 shares during the last quarter. Eastern Bank bought a new stake in HarborOne Bancorp during the third quarter worth approximately $31,000. nVerses Capital LLC bought a new stake in HarborOne Bancorp during the second quarter worth approximately $27,000. Finally, Creative Planning increased its stake in 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 acquiring an additional 2,898 shares during the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.
About HarborOne Bancorp
(
Get Free Report)
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.
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