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

HarborOne Bancorp, Inc. (NASDAQ:HONE) declared a quarterly dividend on Friday, June 28th, Wall Street Journal reports. Shareholders of record on Wednesday, July 10th will be given a dividend of 0.08 per share by the financial services provider on Wednesday, July 24th. This represents a $0.32 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, July 10th.

HarborOne Bancorp has raised its dividend payment by an average of 35.7% annually over the last three years. HarborOne Bancorp has a payout ratio of 39.5% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of NASDAQ:HONE traded up $0.27 on Friday, hitting $11.13. The company had a trading volume of 398,982 shares, compared to its average volume of 144,747. HarborOne Bancorp has a 1-year low of $8.65 and a 1-year high of $12.44. The stock has a market cap of $497.29 million, a price-to-earnings ratio of 29.35 and a beta of 0.74. The stock has a 50 day moving average price of $10.43 and a 200 day moving average price of $10.68. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.31.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. HarborOne Bancorp had a net margin of 5.38% and a return on equity of 4.58%. The firm had revenue of $41.32 million for the quarter, compared to the consensus estimate of $39.98 million. Analysts expect that HarborOne Bancorp will post 0.64 EPS for the current year.

Analysts Set New Price Targets

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

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.