HarborOne Bancorp (NASDAQ:HONE) Coverage Initiated by Analysts at Wall Street Zen

Wall Street Zen assumed coverage on shares of HarborOne Bancorp (NASDAQ:HONE) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. Seaport Res Ptn upgraded HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Janney Montgomery Scott restated a “neutral” rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th.

HarborOne Bancorp Price Performance

HONE opened at $11.30 on Thursday. The business has a fifty day moving average of $10.57 and a 200 day moving average of $11.58. HarborOne Bancorp has a 52-week low of $8.89 and a 52-week high of $14.00. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The stock has a market cap of $486.93 million, a P/E ratio of 17.12 and a beta of 0.60.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. The business had revenue of $41.36 million for the quarter, compared to analysts’ expectations of $36.01 million. As a group, sell-side analysts anticipate that HarborOne Bancorp will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp’s dividend payout ratio is 57.14%.

Institutional Investors Weigh In On HarborOne Bancorp

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in shares of HarborOne Bancorp by 350.3% in the 1st quarter. Jane Street Group LLC now owns 106,075 shares of the financial services provider’s stock worth $1,100,000 after buying an additional 82,521 shares during the period. Empowered Funds LLC lifted its holdings in shares of HarborOne Bancorp by 8.5% in the 1st quarter. Empowered Funds LLC now owns 134,279 shares of the financial services provider’s stock worth $1,392,000 after buying an additional 10,523 shares during the period. Millennium Management LLC lifted its holdings in shares of HarborOne Bancorp by 70.5% in the 1st quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider’s stock worth $4,808,000 after buying an additional 191,719 shares during the period. AQR Capital Management LLC lifted its holdings in shares of HarborOne Bancorp by 80.0% in the 1st quarter. AQR Capital Management LLC now owns 85,675 shares of the financial services provider’s stock worth $888,000 after buying an additional 38,072 shares during the period. Finally, Trexquant Investment LP lifted its holdings in shares of HarborOne Bancorp by 17.1% in the 1st quarter. Trexquant Investment LP now owns 104,640 shares of the financial services provider’s stock worth $1,085,000 after buying an additional 15,313 shares during the period. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

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.