HarborOne Bancorp (NASDAQ:HONE - Get Free Report) released its quarterly earnings results on Thursday. The financial services provider reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08), Zacks reports. HarborOne Bancorp had a net margin of 5.20% and a return on equity of 4.59%. The business had revenue of $79.60 million during the quarter, compared to analysts' expectations of $43.37 million.
HarborOne Bancorp Stock Performance
Shares of HONE traded up $0.04 during mid-day trading on Friday, hitting $11.54. 370,619 shares of the company's stock were exchanged, compared to its average volume of 145,028. HarborOne Bancorp has a 52 week low of $9.15 and a 52 week high of $14.00. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.07. The firm has a market cap of $515.56 million, a price-to-earnings ratio of 31.32 and a beta of 0.73. The stock's 50-day simple moving average is $12.78 and its 200-day simple moving average is $11.60.
HarborOne Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, October 14th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, October 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.77%. HarborOne Bancorp's dividend payout ratio is 86.49%.
Insider Activity
In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the business's stock in a transaction dated 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 in the company, valued at $189,184.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.90% of the company's stock.
Analysts Set New Price Targets
HONE has been the topic of a number of recent analyst reports. Piper Sandler dropped their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Friday. StockNews.com upgraded HarborOne Bancorp from a "sell" rating to a "hold" rating in a research note on Tuesday, September 24th.
Check Out Our Latest Research Report on HONE
About HarborOne Bancorp
(
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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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