HarborOne Bancorp (HONE) vs. Its Competitors Head to Head Analysis

HarborOne Bancorp (NASDAQ: HONE) is one of 302 publicly-traded companies in the “Banks” industry, but how does it weigh in compared to its rivals? We will compare HarborOne Bancorp to similar companies based on the strength of its institutional ownership, dividends, profitability, analyst recommendations, risk, earnings and valuation.

Earnings and Valuation

This table compares HarborOne Bancorp and its rivals gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
HarborOne Bancorp $144.82 million $10.38 million 55.30
HarborOne Bancorp Competitors $5.59 billion $772.66 million 402.97

HarborOne Bancorp’s rivals have higher revenue and earnings than HarborOne Bancorp. HarborOne Bancorp is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Insider & Institutional Ownership

16.8% of HarborOne Bancorp shares are owned by institutional investors. Comparatively, 51.7% of shares of all “Banks” companies are owned by institutional investors. 1.3% of HarborOne Bancorp shares are owned by insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of current recommendations for HarborOne Bancorp and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HarborOne Bancorp 0 0 0 0 N/A
HarborOne Bancorp Competitors 2522 9049 8969 381 2.34

As a group, “Banks” companies have a potential downside of 0.87%. Given HarborOne Bancorp’s rivals higher probable upside, analysts clearly believe HarborOne Bancorp has less favorable growth aspects than its rivals.

Risk & Volatility

HarborOne Bancorp has a beta of -0.22, suggesting that its stock price is 122% less volatile than the S&P 500. Comparatively, HarborOne Bancorp’s rivals have a beta of 0.76, suggesting that their average stock price is 24% less volatile than the S&P 500.

Profitability

This table compares HarborOne Bancorp and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
HarborOne Bancorp 7.17% 3.43% 0.44%
HarborOne Bancorp Competitors 17.62% 8.52% 0.96%

Summary

HarborOne Bancorp rivals beat HarborOne Bancorp on 10 of the 10 factors compared.

HarborOne Bancorp Company Profile

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. The Bank segment provides consumer and business banking products and services to customers. Consumer products include loan and deposit products, and business banking products include loans for working capital, inventory and general corporate use, commercial real estate construction loans and deposit accounts. The Merrimack Mortgage segment consists of originating residential mortgage loans primarily for sale in the secondary market. The Company’s subsidiary, Legion Parkway Company LLC, is a security company.

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