StockNews.com Initiates Coverage on HarborOne Bancorp (NASDAQ:HONE)

Equities researchers at StockNews.com initiated coverage on shares of HarborOne Bancorp (NASDAQ:HONE) in a report released on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

HONE has been the topic of a number of other reports. Seaport Res Ptn upgraded shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Janney Montgomery Scott reiterated a “neutral” rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th.

HarborOne Bancorp Stock Performance

NASDAQ HONE opened at $11.74 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The firm has a market cap of $505.89 million, a PE ratio of 17.79 and a beta of 0.60. HarborOne Bancorp has a one year low of $8.89 and a one year high of $14.00. The firm’s fifty day moving average is $10.48 and its two-hundred day moving average is $11.59.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $41.36 million during the quarter, compared to analyst estimates of $36.01 million. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Analysts expect that HarborOne Bancorp will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HONE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of HarborOne Bancorp by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,934 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 930 shares in the last quarter. Quantbot Technologies LP increased its position in shares of HarborOne Bancorp by 18.3% in the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 1,033 shares in the last quarter. CWM LLC increased its position in shares of HarborOne Bancorp by 35.3% in the first quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,326 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of HarborOne Bancorp by 0.7% in the first quarter. Victory Capital Management Inc. now owns 288,142 shares of the financial services provider’s stock worth $2,988,000 after acquiring an additional 2,070 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of HarborOne Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider’s stock worth $3,779,000 after acquiring an additional 2,363 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

HarborOne Bancorp Company Profile

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.