Free Trial

HarborOne Bancorp (NASDAQ:HONE) Issues Earnings Results

HarborOne Bancorp logo with Finance background

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

(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.

See Also

Earnings History for HarborOne Bancorp (NASDAQ:HONE)

→ Election warning coming true… (From Porter & Company) (Ad)

Should you invest $1,000 in HarborOne Bancorp right now?

Before you consider HarborOne Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HarborOne Bancorp wasn't on the list.

While HarborOne Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

ISRG Stock Surges: AI and Healthcare Innovation at the Core
Energy Vault’s 100% Stock Jump: CEO Discusses $350M Project in Australia in MarketBeat CEO Series
Market Shifts After Election: What Stocks Could Benefit Most?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines