HarborOne Bancorp (HONE) Receives Average Rating of “Buy” from Analysts

HarborOne Bancorp (NASDAQ:HONE) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. HarborOne Bancorp’s rating score has declined by 100% in the last three months as a result of various analysts’ upgrades and downgrades.

Zacks has also given HarborOne Bancorp an industry rank of 113 out of 265 based on the ratings given to related companies.

A number of equities analysts have recently commented on HONE shares. BidaskClub lowered shares of HarborOne Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Compass Point lowered shares of HarborOne Bancorp from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Thursday, March 15th. Finally, Sandler O’Neill raised shares of HarborOne Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, March 19th.

Several large investors have recently modified their holdings of HONE. SG Americas Securities LLC bought a new position in shares of HarborOne Bancorp in the 1st quarter worth $107,000. MetLife Investment Advisors LLC bought a new position in shares of HarborOne Bancorp in the 4th quarter worth $146,000. Goldman Sachs Group Inc. bought a new position in shares of HarborOne Bancorp in the 4th quarter worth $227,000. Maltese Capital Management LLC bought a new position in shares of HarborOne Bancorp in the 1st quarter worth $228,000. Finally, Millennium Management LLC increased its holdings in shares of HarborOne Bancorp by 21.0% in the 4th quarter. Millennium Management LLC now owns 15,618 shares of the financial services provider’s stock worth $299,000 after buying an additional 2,711 shares during the last quarter. 18.77% of the stock is currently owned by hedge funds and other institutional investors.

HarborOne Bancorp traded up $0.20, hitting $18.34, on Thursday, according to MarketBeat Ratings. The stock had a trading volume of 22,500 shares, compared to its average volume of 55,464. HarborOne Bancorp has a 52-week low of $17.97 and a 52-week high of $18.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.09. The stock has a market capitalization of $585.90 million, a PE ratio of 51.31 and a beta of 0.18.

HarborOne Bancorp (NASDAQ:HONE) last posted its earnings results on Thursday, April 19th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $31.47 million during the quarter. HarborOne Bancorp had a return on equity of 3.24% and a net margin of 6.68%.

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.

Get a free copy of the Zacks research report on HarborOne Bancorp (HONE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for HarborOne Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HarborOne Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit