HarborOne Bancorp (NASDAQ:HONE) Rating Lowered to C at TheStreet

TheStreet lowered shares of HarborOne Bancorp (NASDAQ:HONE) from a b- rating to a c rating in a research note released on Thursday morning, TheStreetRatingsTable reports.

HONE has been the topic of a number of other research reports. Janney Montgomery Scott initiated coverage on shares of HarborOne Bancorp in a report on Tuesday, August 6th. They issued a buy rating on the stock. Compass Point raised shares of HarborOne Bancorp from a neutral rating to a buy rating and raised their price objective for the stock from $17.00 to $22.00 in a report on Friday, August 9th. ValuEngine raised shares of HarborOne Bancorp from a sell rating to a hold rating in a report on Saturday, August 10th. Finally, BidaskClub downgraded shares of HarborOne Bancorp from a strong-buy rating to a buy rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $20.50.

Shares of HONE stock opened at $10.13 on Thursday. The company has a 50 day moving average price of $18.64 and a 200-day moving average price of $17.71. HarborOne Bancorp has a 52 week low of $9.63 and a 52 week high of $20.08. The firm has a market capitalization of $585.99 million, a PE ratio of 37.52 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 0.66.



HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.15 EPS for the quarter. HarborOne Bancorp had a net margin of 6.75% and a return on equity of 4.37%. The firm had revenue of $42.43 million during the quarter. Analysts anticipate that HarborOne Bancorp will post 0.22 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aperio Group LLC purchased a new position in shares of HarborOne Bancorp in the second quarter worth approximately $26,000. Flagship Harbor Advisors LLC lifted its holdings in 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 purchasing an additional 1,300 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in HarborOne Bancorp by 1,017.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,040 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 2,768 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in HarborOne Bancorp by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,289 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 4,131 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in HarborOne Bancorp by 72.9% during the fourth quarter. Bank of America Corp DE now owns 9,311 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,926 shares in the last quarter. 19.71% of the stock is currently owned by institutional investors.

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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