What is Seaport Res Ptn’s Estimate for HONE FY2024 Earnings?

HarborOne Bancorp, Inc. (NASDAQ:HONE) – Stock analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for HarborOne Bancorp in a note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst L. Hunsicker now forecasts that the financial services provider will post earnings of $0.63 per share for the year, down from their prior forecast of $0.69. The consensus estimate for HarborOne Bancorp’s current full-year earnings is $0.64 per share. Seaport Res Ptn also issued estimates for HarborOne Bancorp’s Q4 2025 earnings at $0.22 EPS and FY2025 earnings at $0.83 EPS.

Several other research firms have also recently weighed in on HONE. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday. Piper Sandler decreased their price target on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, October 25th.

HarborOne Bancorp Trading Down 1.3 %

NASDAQ HONE opened at $11.80 on Monday. HarborOne Bancorp has a twelve month low of $9.15 and a twelve month high of $14.00. The business’s fifty day moving average is $12.67 and its 200 day moving average is $11.75. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.07. The company has a market cap of $524.04 million, a price-to-earnings ratio of 42.14 and a beta of 0.74.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in HarborOne Bancorp by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock valued at $27,398,000 after buying an additional 67,913 shares in the last quarter. Hsbc Holdings PLC increased its stake in HarborOne Bancorp by 4.9% during the 2nd quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 1,270 shares in the last quarter. Vanguard Group Inc. raised its holdings in HarborOne Bancorp by 0.3% during the first quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock worth $24,974,000 after buying an additional 6,511 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of HarborOne Bancorp by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock valued at $2,406,000 after buying an additional 11,438 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of HarborOne Bancorp by 14.6% during the first 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 last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Activity

In related news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the transaction, the chief marketing officer now owns 15,159 shares of the company’s stock, valued at $189,184.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.90% of the company’s stock.

HarborOne Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.32 annualized dividend and a yield of 2.71%. HarborOne Bancorp’s payout ratio is 114.29%.

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.