HarborOne Bancorp, Inc. Declares Quarterly Dividend of $0.08 (NASDAQ:HONE)

HarborOne Bancorp, Inc. (NASDAQ:HONE) announced a quarterly dividend on Thursday, June 27th, Wall Street Journal reports. Stockholders of record on Wednesday, July 10th will be paid a dividend of 0.08 per share by the financial services provider on Wednesday, July 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Wednesday, July 10th.

HarborOne Bancorp has raised its dividend by an average of 35.7% per year over the last three years. HarborOne Bancorp has a dividend payout ratio of 39.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HarborOne Bancorp to earn $0.78 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 41.0%.

HarborOne Bancorp Stock Up 0.5 %

Shares of NASDAQ HONE opened at $10.74 on Tuesday. The firm has a market cap of $479.82 million, a P/E ratio of 29.03 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.17 and a current ratio of 1.17. HarborOne Bancorp has a 1 year low of $8.89 and a 1 year high of $12.44. The firm’s 50 day moving average price is $10.55 and its 200 day moving average price is $10.62.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $41.32 million for the quarter, compared to analyst estimates of $39.98 million. HarborOne Bancorp had a return on equity of 4.58% and a net margin of 5.38%. As a group, sell-side analysts anticipate that HarborOne Bancorp will post 0.64 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 26th.

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.