HarborOne Bancorp (NASDAQ:HONE) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of HarborOne Bancorp (NASDAQ:HONE) from a sell rating to a hold rating in a research note issued to investors on Saturday morning, ValuEngine reports.

Several other equities research analysts have also recently commented on the company. Compass Point raised HarborOne Bancorp from a neutral rating to a buy rating and increased their price objective for the company from $17.00 to $22.00 in a research report on Friday, August 9th. Janney Montgomery Scott started coverage on HarborOne Bancorp in a research report on Tuesday, August 6th. They set a buy rating on the stock. TheStreet raised HarborOne Bancorp from a c rating to a b- rating in a research report on Monday, July 1st. Finally, BidaskClub cut HarborOne Bancorp from a strong-buy rating to a buy rating in a research report on Tuesday, June 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $20.50.

NASDAQ HONE opened at $19.93 on Friday. HarborOne Bancorp has a 12 month low of $14.90 and a 12 month high of $20.08. The stock has a market capitalization of $639.34 million, a PE ratio of 40.67 and a beta of 0.57. The business has a fifty day moving average of $18.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.05.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.15 EPS for the quarter. HarborOne Bancorp had a return on equity of 4.41% and a net margin of 6.75%. The company had revenue of $42.43 million for the quarter. As a group, equities research analysts expect that HarborOne Bancorp will post 0.4 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC boosted its position in shares of HarborOne Bancorp by 501.9% during the second quarter. Flagship Harbor Advisors LLC now owns 1,559 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,300 shares during the last quarter. Aperio Group LLC bought a new position in HarborOne Bancorp in the second quarter valued at about $26,000. Bank of New York Mellon Corp lifted its holdings in HarborOne Bancorp by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 75,072 shares of the financial services provider’s stock valued at $1,192,000 after acquiring an additional 1,488 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in HarborOne Bancorp by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 153,630 shares of the financial services provider’s stock valued at $2,878,000 after acquiring an additional 1,813 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in HarborOne Bancorp by 8.5% in the second quarter. Wells Fargo & Company MN now owns 26,103 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 2,049 shares during the period. 19.71% of the stock is currently owned by institutional investors.

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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