StockNews.com Begins Coverage on HarborOne Bancorp (NASDAQ:HONE)

Stock analysts at StockNews.com started coverage on shares of HarborOne Bancorp (NASDAQ:HONE) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Several other research firms have also recently commented on HONE. Janney Montgomery Scott reissued a “neutral” rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. Seaport Res Ptn raised shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th.

HarborOne Bancorp Stock Performance

Shares of NASDAQ:HONE opened at $11.74 on Wednesday. The company has a market cap of $505.89 million, a PE ratio of 17.79 and a beta of 0.60. The company’s 50-day moving average price is $10.48 and its 200 day moving average price is $11.59. HarborOne Bancorp has a fifty-two week low of $8.89 and a fifty-two week high of $14.00. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). The company had revenue of $41.36 million for the quarter, compared to analyst estimates of $36.01 million. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Sell-side analysts anticipate that HarborOne Bancorp will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Trexquant Investment LP increased its position in shares of HarborOne Bancorp by 17.1% in the first quarter. Trexquant Investment LP now owns 104,640 shares of the financial services provider’s stock worth $1,085,000 after acquiring an additional 15,313 shares in the last quarter. AlphaQuest LLC increased its position in shares of HarborOne Bancorp by 21.9% in the first quarter. AlphaQuest LLC now owns 28,250 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 5,082 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of HarborOne Bancorp by 11.1% in the first quarter. Hsbc Holdings PLC now owns 51,970 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 5,190 shares in the last quarter. Nuveen LLC purchased a new position in shares of HarborOne Bancorp in the first quarter worth approximately $1,484,000. Finally, TD Asset Management Inc increased its position in shares of HarborOne Bancorp by 4.6% in the first quarter. TD Asset Management Inc now owns 81,800 shares of the financial services provider’s stock worth $848,000 after acquiring an additional 3,616 shares in the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.