HarborOne Bancorp (NASDAQ:HONE) Upgraded by StockNews.com to Hold Rating

HarborOne Bancorp (NASDAQ:HONE) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Piper Sandler decreased their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 25th.

HarborOne Bancorp Stock Performance

HONE opened at $11.95 on Friday. The firm has a market capitalization of $530.68 million, a P/E ratio of 42.68 and a beta of 0.73. The stock’s 50 day moving average price is $12.70 and its two-hundred day moving average price is $11.70. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.07. HarborOne Bancorp has a 12-month low of $9.15 and a 12-month high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The business had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million. HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. On average, equities analysts forecast that HarborOne Bancorp will post 0.64 earnings per share for the current year.

Insider Transactions at HarborOne Bancorp

In other news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the sale, the chief marketing officer now owns 15,159 shares of the company’s stock, valued at approximately $189,184.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.90% of the stock is owned by insiders.

Institutional Trading of HarborOne Bancorp

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in HarborOne Bancorp by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock valued at $27,398,000 after buying an additional 67,913 shares in the last quarter. Hsbc Holdings PLC boosted its stake in HarborOne Bancorp by 4.9% in the 2nd 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 in the last quarter. Vanguard Group Inc. boosted its stake in HarborOne Bancorp by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock valued at $24,974,000 after buying an additional 6,511 shares in the last quarter. Bank of New York Mellon Corp raised its position in HarborOne Bancorp by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock valued at $2,406,000 after purchasing an additional 11,438 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in HarborOne Bancorp by 14.6% in the 1st 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 last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

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.