HarborOne Bancorp (NASDAQ:HONE) Announces Quarterly Earnings Results

HarborOne Bancorp (NASDAQ:HONE) posted its earnings results on Thursday. The financial services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08), Zacks reports. The firm had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million. HarborOne Bancorp had a return on equity of 4.59% and a net margin of 5.20%.

HarborOne Bancorp Stock Up 0.3 %

HONE traded up $0.03 during trading on Friday, hitting $11.53. The company had a trading volume of 193,590 shares, compared to its average volume of 144,172. The firm’s 50-day moving average price is $12.78 and its 200 day moving average price is $11.60. The company has a market capitalization of $515.11 million, a PE ratio of 31.32 and a beta of 0.73. 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 one year low of $9.15 and a one year high of $14.00.

HarborOne Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, October 14th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.78%. HarborOne Bancorp’s payout ratio is 86.49%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. Piper Sandler lowered 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.

Insider Buying and Selling at HarborOne Bancorp

In other news, CMO David E. Tryder sold 13,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the transaction, the chief marketing officer now directly owns 15,159 shares of the company’s stock, valued at $189,184.32. This represents 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. Company insiders own 4.90% of the company’s stock.

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.