HarborOne Bancorp (NASDAQ:HONE) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

HarborOne Bancorp (NASDAQ:HONEGet Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02, Zacks reports. HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%.

HarborOne Bancorp Trading Down 0.6 %

Shares of NASDAQ HONE traded down $0.07 during midday trading on Thursday, hitting $12.00. The stock had a trading volume of 90,861 shares, compared to its average volume of 125,784. The company has a market capitalization of $528.69 million, a price-to-earnings ratio of 42.89 and a beta of 0.76. The company has a fifty day moving average price of $12.30 and a 200 day moving average price of $12.57. HarborOne Bancorp has a 1-year low of $9.15 and a 1-year 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.

HarborOne Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 annualized dividend and a yield of 2.67%. HarborOne Bancorp’s dividend payout ratio is presently 114.29%.

Wall Street Analysts Forecast Growth

HONE has been the topic of a number of research reports. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Piper Sandler dropped their target price on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

Get Our Latest Research Report on HarborOne Bancorp

About HarborOne Bancorp

(Get Free Report)

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.

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Earnings History for HarborOne Bancorp (NASDAQ:HONE)

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