Research analysts at Raymond James initiated coverage on shares of HarborOne Bancorp (NASDAQ:HONE – Get Rating) in a report released on Thursday, The Fly reports. The firm set a “market perform” rating on the financial services provider’s stock.
Separately, StockNews.com began coverage on shares of HarborOne Bancorp in a research report on Thursday, March 16th. They set a “sell” rating for the company.
HarborOne Bancorp Stock Performance
NASDAQ HONE opened at $12.09 on Thursday. HarborOne Bancorp has a 1 year low of $11.63 and a 1 year high of $15.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $583.71 million, a price-to-earnings ratio of 12.46 and a beta of 0.68. The company has a fifty day moving average price of $13.11 and a 200-day moving average price of $13.80.
HarborOne Bancorp (NASDAQ:HONE – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The financial services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.08). The company had revenue of $49.09 million for the quarter, compared to the consensus estimate of $53.80 million. HarborOne Bancorp had a net margin of 19.89% and a return on equity of 7.29%. As a group, equities research analysts predict that HarborOne Bancorp will post 0.9 EPS for the current fiscal year.
Institutional Investors Weigh In On HarborOne Bancorp
A number of institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC lifted its position in HarborOne Bancorp by 35.3% during the third quarter. Signaturefd LLC now owns 2,672 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 697 shares during the last quarter. Summit Global Investments lifted its position in HarborOne Bancorp by 3.2% during the third quarter. Summit Global Investments now owns 22,400 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 700 shares during the last quarter. FMR LLC lifted its position in HarborOne Bancorp by 27.8% during the second quarter. FMR LLC now owns 4,070 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 885 shares during the last quarter. Credit Suisse AG lifted its position in HarborOne Bancorp by 2.9% during the third quarter. Credit Suisse AG now owns 38,842 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 1,091 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in HarborOne Bancorp by 10.6% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 14,129 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 1,350 shares during the last quarter. 54.96% of the stock is owned by hedge funds and other institutional investors.
HarborOne Bancorp Company Profile
HarborOne Bancorp, Inc is a bank holding company, which engages in the ownership of all the outstanding stock of HarborOne Bank, a state-chartered trust company. It operates under the HarborOne Bank and HarborOne Mortgage segments. The HarborOne Bank segment focuses on generating the consolidated net interest income and requires the provision for credit losses.