HarborOne Bancorp (NASDAQ:HONE) PT Lowered to $13.00

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) had its price objective dropped by stock analysts at Piper Sandler from $15.00 to $13.00 in a research note issued on Friday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. Piper Sandler's price target would suggest a potential upside of 12.65% from the stock's previous close.

Separately, StockNews.com upgraded HarborOne Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, September 24th.

HarborOne Bancorp Trading Up 0.3 %

Shares of HONE stock traded up $0.04 on Friday, hitting $11.54. The stock had a trading volume of 355,237 shares, compared to its average volume of 144,953. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market capitalization of $515.56 million, a P/E ratio of 31.32 and a beta of 0.73. HarborOne Bancorp has a 1 year low of $9.15 and a 1 year high of $14.00. The company's 50 day moving average price is $12.78 and its 200-day moving average price is $11.60.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $79.60 million during the quarter, compared to analysts' expectations of $43.37 million. HarborOne Bancorp had a net margin of 5.20% and a return on equity of 4.59%. Analysts anticipate that HarborOne Bancorp will post 0.71 earnings per share for the current year.

Insider Buying and Selling

In related news, CMO David E. Tryder sold 13,000 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the transaction, the chief marketing officer now directly owns 15,159 shares of the company's stock, valued at $189,184.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of HarborOne Bancorp by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider's stock worth $27,398,000 after acquiring an additional 67,913 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of HarborOne Bancorp by 4.9% during the 2nd 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of HarborOne Bancorp by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider's stock worth $24,974,000 after acquiring an additional 6,511 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of HarborOne Bancorp by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider's stock worth $2,406,000 after acquiring an additional 11,438 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of HarborOne Bancorp by 14.6% during the 1st 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 in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

HarborOne Bancorp Company Profile

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.