Brokerages Set HarborOne Bancorp, Inc. (NASDAQ:HONE) Price Target at $13.00

HarborOne Bancorp, Inc. (NASDAQ:HONE) has received an average recommendation of “Moderate Buy” from the three research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.00.

HONE has been the topic of several recent research reports. Piper Sandler upped their price target on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Wall Street Zen raised HarborOne Bancorp to a “hold” rating in a report on Friday, August 22nd.

HarborOne Bancorp Price Performance

Shares of HONE stock opened at $12.97 on Monday. The business has a fifty day moving average of $12.21 and a 200 day moving average of $11.35. The firm has a market capitalization of $559.79 million, a price-to-earnings ratio of 19.95 and a beta of 0.63. HarborOne Bancorp has a 1 year low of $8.89 and a 1 year high of $13.73.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. HarborOne Bancorp had a return on equity of 4.66% and a net margin of 8.43%.The firm had revenue of $45.44 million during the quarter, compared to the consensus estimate of $32.39 million. As a group, equities research analysts expect that HarborOne Bancorp will post 0.83 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.8%. HarborOne Bancorp’s dividend payout ratio is 55.38%.

Institutional Investors Weigh In On HarborOne Bancorp

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of HarborOne Bancorp by 128.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 2,538 shares in the last quarter. CWM LLC increased its position in shares of HarborOne Bancorp by 35.3% in the first quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,326 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of HarborOne Bancorp during the 4th quarter worth approximately $101,000. Point72 Asset Management L.P. acquired a new stake in HarborOne Bancorp in the 4th quarter valued at $114,000. Finally, ProShare Advisors LLC purchased a new stake in HarborOne Bancorp in the 4th quarter worth $128,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.