HarborOne Bancorp (NASDAQ:HONE) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of HarborOne Bancorp (NASDAQ:HONE) from a hold rating to a sell rating in a report released on Thursday, ValuEngine reports.

Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded HarborOne Bancorp from a strong-buy rating to a buy rating in a report on Tuesday, June 11th. TheStreet raised HarborOne Bancorp from a c rating to a b- rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $19.00.

HONE stock traded up $0.12 during trading on Thursday, reaching $19.02. 64,824 shares of the company traded hands, compared to its average volume of 59,032. HarborOne Bancorp has a 12 month low of $14.90 and a 12 month high of $19.95. The company’s 50 day moving average price is $18.69. The company has a market capitalization of $619.48 million, a P/E ratio of 38.30 and a beta of 0.57. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.73.

In other HarborOne Bancorp news, Director Wallace H. Peckham III sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $18.69, for a total value of $74,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.25% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Aperio Group LLC acquired a new stake in HarborOne Bancorp in the second quarter worth about $26,000. Flagship Harbor Advisors LLC raised its stake in shares of HarborOne Bancorp by 501.9% in the second quarter. Flagship Harbor Advisors LLC now owns 1,559 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,300 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of HarborOne Bancorp by 1,017.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,040 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 2,768 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of HarborOne Bancorp by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,289 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 4,131 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of HarborOne Bancorp by 72.9% in the fourth quarter. Bank of America Corp DE now owns 9,311 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,926 shares during the last quarter. 19.63% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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