HarborOne Bancorp (NASDAQ:HONE) was downgraded by investment analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports.

Other research analysts have also recently issued reports about the stock. TheStreet upgraded shares of HarborOne Bancorp from a “c” rating to a “b-” rating in a report on Friday, June 29th. BidaskClub cut shares of HarborOne Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Finally, ValuEngine cut shares of HarborOne Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.50.

Shares of HONE opened at $19.72 on Wednesday. HarborOne Bancorp has a one year low of $15.92 and a one year high of $20.19. The stock has a market capitalization of $646.91 million, a price-to-earnings ratio of 56.66 and a beta of 0.09. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 0.62.

HarborOne Bancorp (NASDAQ:HONE) last announced its earnings results on Friday, July 20th. The financial services provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. HarborOne Bancorp had a net margin of 6.49% and a return on equity of 3.18%. The company had revenue of $33.45 million during the quarter.

Several hedge funds have recently bought and sold shares of HONE. Metropolitan Life Insurance Co. NY acquired a new stake in shares of HarborOne Bancorp during the second quarter worth approximately $100,000. SG Americas Securities LLC acquired a new stake in shares of HarborOne Bancorp during the first quarter worth approximately $107,000. Flagship Harbor Advisors LLC acquired a new stake in shares of HarborOne Bancorp during the second quarter worth approximately $140,000. MetLife Investment Advisors LLC acquired a new stake in shares of HarborOne Bancorp during the second quarter worth approximately $142,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of HarborOne Bancorp during the fourth quarter worth approximately $227,000. Institutional investors and hedge funds own 19.26% 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 middle-market businesses, and municipalities throughout Southeastern New England. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate loans, commercial loans, construction loans, one- to four-family residential real estate loans, second mortgages and equity lines of credit, and auto and other consumer loans.

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