Brokerages Set HarborOne Bancorp, Inc. (NASDAQ:HONE) Target Price at $13.00

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) have received a consensus rating of “Moderate Buy” from the three analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $13.00.

A number of equities research analysts recently weighed in on HONE shares. Wall Street Zen assumed coverage on shares of HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a “hold” rating for the company. 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. Finally, Janney Montgomery Scott reissued a “neutral” rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HONE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in HarborOne Bancorp by 4.4% during 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 during the last quarter. Quantbot Technologies LP boosted its holdings in shares of HarborOne Bancorp by 18.3% in the 4th quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,033 shares during the last quarter. CWM LLC lifted its holdings in shares of HarborOne Bancorp by 35.3% during the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,326 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of HarborOne Bancorp by 0.7% during the 1st quarter. Victory Capital Management Inc. now owns 288,142 shares of the financial services provider’s stock valued at $2,988,000 after acquiring an additional 2,070 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of HarborOne Bancorp by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider’s stock valued at $3,779,000 after acquiring an additional 2,363 shares in the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

HarborOne Bancorp Trading Up 0.1%

HarborOne Bancorp stock opened at $11.09 on Wednesday. HarborOne Bancorp has a 12-month low of $8.89 and a 12-month high of $14.00. The stock has a market cap of $477.87 million, a P/E ratio of 17.60 and a beta of 0.60. The company has a fifty day simple moving average of $11.06 and a 200-day simple moving average of $11.33.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). HarborOne Bancorp had a net margin of 8.13% and a return on equity of 4.33%. The company had revenue of $41.36 million during the quarter, compared to analysts’ expectations of $36.01 million. As a group, sell-side analysts forecast that HarborOne Bancorp will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a $0.01 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 57.14%.

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.