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

HarborOne Bancorp, Inc. (NASDAQ:HONE) has been assigned an average recommendation of “Moderate Buy” from the three brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.00.

A number of brokerages recently weighed in on HONE. Wall Street Zen raised HarborOne Bancorp to a “hold” rating in a research note on Friday, August 22nd. Piper Sandler lifted their price target on HarborOne Bancorp from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th.

Institutional Investors Weigh In On HarborOne Bancorp

Institutional investors have recently bought and sold shares of the business. CWM LLC boosted its position in HarborOne Bancorp by 35.3% during the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,326 shares during the period. ProShare Advisors LLC acquired a new stake in HarborOne Bancorp during the 4th quarter worth about $128,000. Longfellow Investment Management Co. LLC acquired a new stake in HarborOne Bancorp during the 2nd quarter worth about $149,000. GC Wealth Management RIA LLC boosted its position in HarborOne Bancorp by 7.7% during the 2nd quarter. GC Wealth Management RIA LLC now owns 13,848 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 992 shares during the period. Finally, Sei Investments Co. acquired a new stake in HarborOne Bancorp during the 2nd quarter worth about $169,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

HarborOne Bancorp Trading Down 0.2%

Shares of HONE opened at $13.64 on Friday. The business’s 50-day moving average price is $12.67 and its 200 day moving average price is $11.64. The stock has a market capitalization of $588.70 million, a P/E ratio of 20.98 and a beta of 0.61. HarborOne Bancorp has a 1-year low of $8.89 and a 1-year high of $13.84.

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

HarborOne Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.6%. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 55.38%.

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.