HarborOne Bancorp (NASDAQ:HONE) Upgraded by StockNews.com to Hold Rating

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Separately, Piper Sandler cut their price target on HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Friday, October 25th.

HarborOne Bancorp Trading Up 0.7 %

HONE stock opened at $11.95 on Friday. HarborOne Bancorp has a 52 week low of $9.15 and a 52 week high of $14.00. The company has a market cap of $530.68 million, a price-to-earnings ratio of 42.68 and a beta of 0.73. 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 business has a fifty day simple moving average of $12.70 and a 200-day simple moving average of $11.70.

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 for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The firm had revenue of $79.60 million during the quarter, compared to analysts' expectations of $43.37 million. On average, equities research analysts expect that HarborOne Bancorp will post 0.64 EPS for the current year.

Insider Activity at HarborOne Bancorp

In related news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the completion of the sale, the chief marketing officer now owns 15,159 shares of the company's stock, valued at approximately $189,184.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HONE. Dimensional Fund Advisors LP lifted its position in 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 during the last quarter. Renaissance Technologies LLC lifted its position in HarborOne Bancorp by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 387,241 shares of the financial services provider's stock worth $4,310,000 after acquiring an additional 20,800 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in HarborOne Bancorp by 192.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,700 shares of the financial services provider's stock worth $319,000 after acquiring an additional 18,870 shares during the last quarter. Bank of New York Mellon Corp lifted its position in 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 during the last quarter. Finally, SG Americas Securities LLC lifted its position in HarborOne Bancorp by 63.3% during the 3rd quarter. SG Americas Securities LLC now owns 21,069 shares of the financial services provider's stock worth $273,000 after acquiring an additional 8,169 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

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.