Zacks: HarborOne Bancorp Inc (HONE) Receives Consensus Rating of “Strong Buy” from Brokerages

Shares of HarborOne Bancorp Inc (NASDAQ:HONE) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. HarborOne Bancorp’s rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.

Zacks has also assigned HarborOne Bancorp an industry rank of 14 out of 265 based on the ratings given to related companies.

Separately, BidaskClub raised HarborOne Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 6th.

Large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its stake in HarborOne Bancorp by 163.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 105,803 shares of the financial services provider’s stock valued at $1,991,000 after buying an additional 65,703 shares in the last quarter. Royce & Associates LP lifted its stake in HarborOne Bancorp by 24.1% in the 3rd quarter. Royce & Associates LP now owns 279,200 shares of the financial services provider’s stock valued at $5,252,000 after buying an additional 54,200 shares in the last quarter. BlackRock Inc. lifted its stake in HarborOne Bancorp by 4.7% in the 4th quarter. BlackRock Inc. now owns 704,024 shares of the financial services provider’s stock valued at $13,490,000 after buying an additional 31,906 shares in the last quarter. Salzhauer Michael purchased a new stake in HarborOne Bancorp in the 4th quarter valued at approximately $410,000. Finally, Dimensional Fund Advisors LP purchased a new stake in HarborOne Bancorp in the 3rd quarter valued at approximately $349,000. 16.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of HarborOne Bancorp (NASDAQ:HONE) traded down $0.11 during trading hours on Monday, hitting $18.25. The stock had a trading volume of 33,738 shares, compared to its average volume of 37,760. The stock has a market cap of $599.41, a price-to-earnings ratio of 55.30 and a beta of -0.22. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 1.09. HarborOne Bancorp has a fifty-two week low of $15.92 and a fifty-two week high of $22.29.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/12/zacks-harborone-bancorp-inc-hone-receives-consensus-rating-of-strong-buy-from-brokerages.html.

About HarborOne Bancorp

HarborOne Bancorp, Inc is a mid-tier stock holding company. The Company’s principal subsidiary is HarborOne Bank (the Bank), a state chartered co-operative bank whose primary subsidiary is a residential mortgage company, Merrimack Mortgage Company, LLC (Merrimack Mortgage). The Company operates through two segments: HarborOne Bank and Merrimack Mortgage.

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.

Leave a Reply