HarborOne Bancorp (HONE) Rating Increased to Sell at BidaskClub

HarborOne Bancorp (NASDAQ:HONE) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

HONE has been the subject of a number of other reports. Sandler O’Neill upgraded shares of HarborOne Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, December 20th. ValuEngine upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.00.

NASDAQ:HONE opened at $15.69 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.68. The firm has a market cap of $499.54 million, a price-to-earnings ratio of 34.07 and a beta of 0.45. HarborOne Bancorp has a fifty-two week low of $14.90 and a fifty-two week high of $20.01.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Friday, January 25th. The financial services provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). The company had revenue of $38.44 million for the quarter. HarborOne Bancorp had a return on equity of 4.09% and a net margin of 6.91%.

Several institutional investors have recently added to or reduced their stakes in HONE. BlackRock Inc. grew its holdings in shares of HarborOne Bancorp by 19.7% during the second quarter. BlackRock Inc. now owns 836,492 shares of the financial services provider’s stock worth $15,844,000 after buying an additional 137,473 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of HarborOne Bancorp by 86.6% during the second quarter. Dimensional Fund Advisors LP now owns 228,912 shares of the financial services provider’s stock worth $4,336,000 after buying an additional 106,234 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of HarborOne Bancorp by 67.2% during the second quarter. Renaissance Technologies LLC now owns 126,600 shares of the financial services provider’s stock worth $2,398,000 after buying an additional 50,900 shares in the last quarter. Raymond James & Associates grew its holdings in shares of HarborOne Bancorp by 19.8% during the second quarter. Raymond James & Associates now owns 30,364 shares of the financial services provider’s stock worth $575,000 after buying an additional 5,027 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of HarborOne Bancorp during the second quarter worth $612,000. 19.12% of the stock is owned by institutional investors and hedge funds.

About HarborOne Bancorp

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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