HarborOne Bancorp, Inc. (NASDAQ:HONE) Announces $0.08 Quarterly Dividend

HarborOne Bancorp, Inc. (NASDAQ:HONE) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.08 per share by the financial services provider on Tuesday, January 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.65%.

HarborOne Bancorp has raised its dividend payment by an average of 35.7% per year over the last three years. HarborOne Bancorp has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Analysts expect HarborOne Bancorp to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 36.8%.

HarborOne Bancorp Trading Up 0.3 %

Shares of NASDAQ:HONE opened at $12.09 on Friday. The stock has a market capitalization of $532.59 million, a PE ratio of 43.18 and a beta of 0.75. The company’s 50-day moving average price is $12.80 and its two-hundred day moving average price is $12.31. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. HarborOne Bancorp has a one year low of $9.15 and a one year high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly 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). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The company had revenue of $79.60 million during the quarter, compared to the consensus estimate of $43.37 million. On average, equities analysts forecast that HarborOne Bancorp will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HONE shares. Piper Sandler dropped their price target on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd.

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.