HarborOne Bancorp (NASDAQ:HONE) Posts Earnings Results, Beats Estimates By $0.02 EPS

Posted by Gary Stephens on Feb 5th, 2025

HarborOne Bancorp (NASDAQ:HONE – Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02, Zacks reports. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%.

HarborOne Bancorp Stock Performance

Shares of NASDAQ HONE opened at $11.69 on Wednesday. HarborOne Bancorp has a 12 month low of $9.15 and a 12 month high of $14.00. The company has a market cap of $514.94 million, a P/E ratio of 17.71 and a beta of 0.75. The business’s 50 day moving average is $12.18 and its two-hundred day moving average is $12.54. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Tuesday, December 31st. HarborOne Bancorp’s dividend payout ratio (DPR) is currently 48.48%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Piper Sandler dropped their target price on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 25th.

Check Out Our Latest Analysis on HONE

HarborOne Bancorp Company Profile

(Get Free Report)

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.