HarborOne Bancorp (NASDAQ:HONE) Sees Strong Trading Volume – Should You Buy?

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONEGet Free Report) saw strong trading volume on Friday . 480,903 shares traded hands during mid-day trading, an increase of 210% from the previous session’s volume of 155,183 shares.The stock last traded at $12.70 and had previously closed at $12.85.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HONE shares. Piper Sandler dropped their price target on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd.

Get Our Latest Stock Analysis on HarborOne Bancorp

HarborOne Bancorp Price Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The firm has a market cap of $562.08 million, a P/E ratio of 45.89 and a beta of 0.75. The stock’s 50-day simple moving average is $12.82 and its two-hundred day simple moving average is $12.22.

HarborOne Bancorp (NASDAQ:HONEGet Free Report) last issued its quarterly earnings results 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). The business had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $43.37 million. HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. Equities research analysts forecast that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.32 annualized dividend and a yield of 2.51%. HarborOne Bancorp’s payout ratio is currently 114.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HONE. Dimensional Fund Advisors LP raised its stake in HarborOne Bancorp by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock worth $27,398,000 after buying an additional 67,913 shares in the last quarter. Barclays PLC raised its holdings in HarborOne Bancorp by 40.7% in the third quarter. Barclays PLC now owns 107,289 shares of the financial services provider’s stock worth $1,392,000 after purchasing an additional 31,045 shares in the last quarter. Jane Street Group LLC lifted its position in shares of HarborOne Bancorp by 76.6% during the third quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider’s stock valued at $870,000 after buying an additional 29,066 shares during the last quarter. Franklin Resources Inc. grew its holdings in HarborOne Bancorp by 194.9% in the third quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 24,924 shares during the last quarter. Finally, PDT Partners LLC purchased a new stake in HarborOne Bancorp in the third quarter valued at about $313,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Company Profile

(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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