HarborOne Bancorp (NASDAQ:HONE) Given New $14.00 Price Target at Piper Sandler

HarborOne Bancorp (NASDAQ:HONE) had its price objective hoisted by Piper Sandler from $11.50 to $14.00 in a research report released on Friday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Separately, StockNews.com upgraded HarborOne Bancorp from a sell rating to a hold rating in a research report on Friday, April 26th.

HarborOne Bancorp Stock Down 1.3 %

HONE stock opened at $13.40 on Friday. HarborOne Bancorp has a 52 week low of $9.14 and a 52 week high of $14.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.31. The firm has a 50-day simple moving average of $11.10 and a 200-day simple moving average of $10.67. The stock has a market capitalization of $598.71 million, a P/E ratio of 36.22 and a beta of 0.74.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. HarborOne Bancorp had a return on equity of 4.58% and a net margin of 5.20%. The company had revenue of $79.87 million for the quarter, compared to analysts’ expectations of $42.43 million. Equities analysts forecast that HarborOne Bancorp will post 0.66 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 10th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, July 10th. This represents a $0.32 dividend on an annualized basis and a yield of 2.39%. HarborOne Bancorp’s payout ratio is presently 86.49%.

Institutional Trading of HarborOne Bancorp

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of HarborOne Bancorp by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock worth $2,406,000 after purchasing an additional 11,438 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of HarborOne Bancorp by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 1,498 shares during the period. Vanguard Group Inc. boosted its position in shares of HarborOne Bancorp by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock valued at $24,974,000 after acquiring an additional 6,511 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of HarborOne Bancorp by 13.7% in the first quarter. Russell Investments Group Ltd. now owns 39,703 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 4,790 shares during the period. Finally, Empowered Funds LLC increased its position in HarborOne Bancorp by 8.2% during the first quarter. Empowered Funds LLC now owns 103,974 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 7,842 shares during the last quarter. Institutional investors and hedge funds own 65.01% 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.