HarborOne Bancorp (NASDAQ:HONE) PT Lowered to $13.00 at Piper Sandler

HarborOne Bancorp (NASDAQ:HONE) had its price objective decreased by Piper Sandler from $15.00 to $13.00 in a research note released on Friday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Separately, StockNews.com raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th.

HarborOne Bancorp Stock Up 4.5 %

HONE opened at $12.06 on Friday. HarborOne Bancorp has a 12 month low of $9.15 and a 12 month high of $14.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.14 and a quick ratio of 1.13. The stock has a market cap of $538.79 million, a P/E ratio of 31.76 and a beta of 0.73. The stock’s 50 day moving average price is $12.76 and its 200 day moving average price is $11.64.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $79.60 million for the quarter, compared to analyst estimates of $43.37 million. HarborOne Bancorp had a net margin of 5.20% and a return on equity of 4.59%. As a group, research analysts predict that HarborOne Bancorp will post 0.71 earnings per share for the current year.

HarborOne Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, October 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.32 annualized dividend and a dividend yield of 2.65%. HarborOne Bancorp’s dividend payout ratio (DPR) is currently 86.49%.

Insider Activity

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the transaction, the chief marketing officer now directly owns 15,159 shares in the company, valued at $189,184.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On HarborOne Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC boosted its holdings in shares of HarborOne Bancorp by 4.9% in the second quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider’s stock valued at $299,000 after buying an additional 1,270 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of 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 purchasing an additional 1,498 shares during the period. Eastern Bank bought a new position in HarborOne Bancorp during the third quarter worth about $31,000. nVerses Capital LLC bought a new position in HarborOne Bancorp during the second quarter worth about $27,000. Finally, Creative Planning grew its stake in HarborOne Bancorp by 27.8% during the third quarter. Creative Planning now owns 13,309 shares of the financial services provider’s stock worth $173,000 after buying an additional 2,898 shares in the last quarter. 65.01% of the stock is owned by 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.