Seaport Res Ptn Brokers Increase Earnings Estimates for HONE

HarborOne Bancorp, Inc. (NASDAQ:HONE) – Research analysts at Seaport Res Ptn raised their Q4 2024 earnings per share estimates for HarborOne Bancorp in a research report issued on Thursday, October 31st. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.17. The consensus estimate for HarborOne Bancorp’s current full-year earnings is $0.64 per share.

Other research analysts have also issued reports about the company. Piper Sandler lowered their target price on 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 upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday.

HarborOne Bancorp Price Performance

Shares of NASDAQ:HONE opened at $11.95 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.13 and a current ratio of 1.14. HarborOne Bancorp has a 52 week low of $9.15 and a 52 week high of $14.00. The firm has a market cap of $530.70 million, a PE ratio of 42.68 and a beta of 0.74. The firm’s fifty day moving average is $12.70 and its 200-day moving average is $11.72.

HarborOne Bancorp (NASDAQ:HONE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. The business had revenue of $79.60 million for the quarter, compared to analyst estimates of $43.37 million.

HarborOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 14th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Friday, October 11th. HarborOne Bancorp’s dividend payout ratio is presently 114.29%.

Insider Activity at HarborOne Bancorp

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the sale, the chief marketing officer now directly owns 15,159 shares in the company, valued at approximately $189,184.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On HarborOne Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its position in shares of HarborOne Bancorp by 4.9% during the 2nd quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 1,270 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in HarborOne Bancorp by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,498 shares during the period. Eastern Bank bought a new position in HarborOne Bancorp in the third quarter worth approximately $31,000. nVerses Capital LLC acquired a new stake in HarborOne Bancorp in the second quarter valued at approximately $27,000. Finally, Creative Planning increased its holdings in shares of HarborOne Bancorp by 27.8% during the third quarter. Creative Planning now owns 13,309 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 2,898 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

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.