HarborOne Bancorp (HONE) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of HarborOne Bancorp (NASDAQ:HONE) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday.

Several other equities analysts have also recently issued reports on HONE. ValuEngine cut HarborOne Bancorp from a hold rating to a sell rating in a research report on Friday, November 2nd. Sandler O’Neill upgraded HarborOne Bancorp from a hold rating to a buy rating and set a $19.00 price target on the stock in a report on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $19.00.

NASDAQ HONE opened at $15.83 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.04 and a current ratio of 1.11. HarborOne Bancorp has a 12-month low of $14.90 and a 12-month high of $20.01. The company has a market cap of $499.54 million, a price-to-earnings ratio of 34.07 and a beta of 0.45.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Friday, January 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). HarborOne Bancorp had a return on equity of 4.09% and a net margin of 6.91%. The business had revenue of $38.44 million for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems grew its holdings in shares of HarborOne Bancorp by 417.1% in the 4th quarter. Ramsey Quantitative Systems now owns 2,968 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 2,394 shares during the period. MetLife Investment Advisors LLC grew its holdings in shares of HarborOne Bancorp by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 11,620 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 4,131 shares during the period. LPL Financial LLC acquired a new stake in shares of HarborOne Bancorp in the 4th quarter worth approximately $261,000. Rhumbline Advisers grew its holdings in shares of HarborOne Bancorp by 48.3% in the 4th quarter. Rhumbline Advisers now owns 19,476 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 6,345 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of HarborOne Bancorp by 130.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 17,035 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 9,635 shares during the period. Institutional investors and hedge funds own 19.12% 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 middle-market businesses, and municipalities throughout Southeastern New England. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate loans, commercial loans, construction loans, one- to four-family residential real estate loans, second mortgages and equity lines of credit, and auto and other consumer loans.

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