What is Seaport Res Ptn’s Estimate for HONE Q4 Earnings?

HarborOne Bancorp, Inc. (NASDAQ:HONE) – Research analysts at Seaport Res Ptn lifted their Q4 2024 earnings per share (EPS) estimates for HarborOne Bancorp in a research note issued on Thursday, October 31st. Seaport Res Ptn analyst L. Hunsicker now expects that the financial services provider will post earnings of $0.18 per share for the quarter, up from their previous forecast of $0.17. The consensus estimate for HarborOne Bancorp’s current full-year earnings is $0.64 per share.

HarborOne Bancorp (NASDAQ:HONE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The company had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $43.37 million.

Other analysts also recently issued reports about the company. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Piper Sandler cut their price target on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

HarborOne Bancorp Stock Up 0.7 %

HONE opened at $11.95 on Friday. The business’s fifty day moving average is $12.70 and its two-hundred day moving average is $11.70. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.13 and a current ratio of 1.14. The company has a market cap of $530.68 million, a price-to-earnings ratio of 42.68 and a beta of 0.73. HarborOne Bancorp has a one year low of $9.15 and a one year high of $14.00.

Hedge Funds Weigh In On HarborOne Bancorp

A number of hedge funds have recently modified their holdings of HONE. Hsbc Holdings PLC grew its holdings in shares of HarborOne Bancorp by 4.9% during 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of HarborOne Bancorp by 14.6% during 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 buying an additional 1,498 shares in the last quarter. Eastern Bank purchased a new position in shares of HarborOne Bancorp during the third quarter valued at $31,000. nVerses Capital LLC acquired a new stake in HarborOne Bancorp during the second quarter valued at $27,000. Finally, Creative Planning boosted its position in HarborOne Bancorp by 27.8% during the third quarter. Creative Planning now owns 13,309 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 2,898 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction 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 $189,184.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.90% of the company’s stock.

HarborOne Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, October 11th. HarborOne Bancorp’s payout ratio is currently 114.29%.

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.