HarborOne Bancorp (NASDAQ:HONE) Rating Increased to Hold at StockNews.com

HarborOne Bancorp (NASDAQ:HONE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Separately, Piper Sandler lifted their target price on shares of HarborOne Bancorp from $11.50 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th.

HarborOne Bancorp Trading Down 1.3 %

Shares of HONE stock opened at $12.52 on Tuesday. 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 firm has a market cap of $556.01 million, a P/E ratio of 33.84 and a beta of 0.73. The business has a 50-day moving average price of $12.73 and a two-hundred day moving average price of $11.22. HarborOne Bancorp has a 12-month low of $9.14 and a 12-month high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $79.87 million during the quarter, compared to analyst estimates of $42.43 million. HarborOne Bancorp had a return on equity of 4.59% and a net margin of 5.20%. Equities analysts anticipate that HarborOne Bancorp will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total value of $162,240.00. Following the completion of the sale, the chief marketing officer now owns 15,159 shares in the company, valued at $189,184.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.90% of the stock is owned by corporate insiders.

Institutional Trading of HarborOne Bancorp

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its holdings in HarborOne Bancorp by 4.9% in the 2nd quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider’s stock worth $299,000 after buying an additional 1,270 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in HarborOne Bancorp by 14.6% in 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 acquiring an additional 1,498 shares in the last quarter. nVerses Capital LLC purchased a new position in HarborOne Bancorp during the 2nd quarter valued at $27,000. Russell Investments Group Ltd. raised its holdings in HarborOne Bancorp by 13.7% in the 1st quarter. Russell Investments Group Ltd. now owns 39,703 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of HarborOne Bancorp by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock worth $24,974,000 after purchasing an additional 6,511 shares during the period. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

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.