HarborOne Bancorp (NASDAQ:HONE) PT Lowered to $13.00 at Piper Sandler

HarborOne Bancorp (NASDAQ:HONE) had its price objective trimmed by Piper Sandler from $15.00 to $13.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Separately, StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th.

HarborOne Bancorp Price Performance

Shares of NASDAQ HONE opened at $11.54 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. The firm has a fifty day moving average of $12.76 and a 200 day moving average of $11.62. The firm has a market cap of $512.49 million, a PE ratio of 30.37 and a beta of 0.73. HarborOne Bancorp has a one year low of $9.15 and a one year high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). HarborOne Bancorp had a return on equity of 4.59% and a net margin of 5.20%. The company had revenue of $79.60 million for the quarter, compared to analysts’ expectations of $43.37 million. As a group, research analysts predict that HarborOne Bancorp will post 0.71 EPS for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, October 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, October 11th. HarborOne Bancorp’s dividend payout ratio is currently 84.21%.

Insider Buying and Selling

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the transaction, the chief marketing officer now directly owns 15,159 shares of the company’s stock, valued at $189,184.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC purchased a new position in HarborOne Bancorp during the second quarter worth about $27,000. Eastern Bank purchased a new stake in shares of HarborOne Bancorp during the 3rd quarter valued at approximately $31,000. Price T Rowe Associates Inc. MD raised its position in shares of 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 valued at $126,000 after buying an additional 1,498 shares during the period. Creative Planning lifted its holdings in HarborOne Bancorp by 27.8% in 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 during the last quarter. Finally, SG Americas Securities LLC grew its position in HarborOne Bancorp by 63.3% in the third quarter. SG Americas Securities LLC now owns 21,069 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 8,169 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

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.