HarborOne Bancorp (HONE) Rating Lowered to Neutral at Compass Point

HarborOne Bancorp (NASDAQ:HONE) was downgraded by research analysts at Compass Point from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, March 15th, Marketbeat reports. They presently have a $19.00 price target on the financial services provider’s stock. Compass Point’s price objective suggests a potential upside of 6.86% from the stock’s current price.

Separately, BidaskClub raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th.

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HONE opened at $17.78 on Thursday. HarborOne Bancorp has a twelve month low of $15.92 and a twelve month high of $22.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a market capitalization of $586.88, a price-to-earnings ratio of 48.62 and a beta of 0.16.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. HarborOne Bancorp had a net margin of 7.17% and a return on equity of 3.41%. The company had revenue of $33.59 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its position in shares of HarborOne Bancorp by 21.0% in the fourth quarter. Millennium Management LLC now owns 15,618 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 2,711 shares during the period. Wells Fargo & Company MN raised its position in shares of HarborOne Bancorp by 22.3% in the third quarter. Wells Fargo & Company MN now owns 16,930 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 3,090 shares during the period. Bank of New York Mellon Corp raised its position in shares of HarborOne Bancorp by 7.0% in the third quarter. Bank of New York Mellon Corp now owns 65,634 shares of the financial services provider’s stock valued at $1,235,000 after purchasing an additional 4,269 shares during the period. Brandywine Global Investment Management LLC raised its position in shares of HarborOne Bancorp by 3.2% in the fourth quarter. Brandywine Global Investment Management LLC now owns 157,072 shares of the financial services provider’s stock valued at $3,010,000 after purchasing an additional 4,813 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of HarborOne Bancorp by 9.9% in the fourth quarter. Victory Capital Management Inc. now owns 59,445 shares of the financial services provider’s stock valued at $1,139,000 after purchasing an additional 5,345 shares during the period. 17.63% of the stock is currently owned by institutional investors.

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HarborOne Bancorp Company Profile

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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