HarborOne Bancorp (NASDAQ:HONE) Issues Earnings Results

HarborOne Bancorp (NASDAQ:HONE) released its earnings results on Thursday. The financial services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02, Zacks reports. HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%.

HarborOne Bancorp Price Performance

NASDAQ HONE traded down $0.07 on Thursday, reaching $12.00. The company’s stock had a trading volume of 90,861 shares, compared to its average volume of 125,784. HarborOne Bancorp has a twelve month low of $9.15 and a twelve month high of $14.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The firm’s 50 day moving average is $12.30 and its two-hundred day moving average is $12.57. The stock has a market cap of $528.69 million, a PE ratio of 42.89 and a beta of 0.76.

HarborOne Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.32 annualized dividend and a yield of 2.67%. HarborOne Bancorp’s dividend payout ratio is currently 114.29%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Piper Sandler decreased their target price on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. StockNews.com raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd.

About HarborOne Bancorp

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.