Analysts Set HarborOne Bancorp Inc (NASDAQ:HONE) PT at $17.33

HarborOne Bancorp Inc (NASDAQ:HONE) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $17.33.

Several analysts have commented on HONE shares. TheStreet cut shares of HarborOne Bancorp from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. Compass Point upgraded shares of HarborOne Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $17.00 to $22.00 in a research note on Friday, August 9th. Janney Montgomery Scott started coverage on shares of HarborOne Bancorp in a research note on Tuesday, August 6th. They issued a “buy” rating on the stock. ValuEngine upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Zacks Investment Research upgraded shares of HarborOne Bancorp from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, October 22nd.

HarborOne Bancorp stock traded up $0.04 during mid-day trading on Thursday, hitting $10.65. The stock had a trading volume of 187,900 shares, compared to its average volume of 240,044. The firm has a market capitalization of $621.11 million, a P/E ratio of 39.44 and a beta of 0.61. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $10.24 and its 200 day moving average is $14.60. HarborOne Bancorp has a one year low of $8.30 and a one year high of $11.19.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The business had revenue of $45.26 million for the quarter, compared to analysts’ expectations of $44.20 million. HarborOne Bancorp had a net margin of 6.82% and a return on equity of 3.87%. As a group, equities research analysts forecast that HarborOne Bancorp will post 0.32 earnings per share for the current year.

In related news, CEO James W. Blake purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of $9.84 per share, for a total transaction of $98,400.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 14,500 shares of company stock worth $144,695. Corporate insiders own 3.25% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HONE. BlackRock Inc. raised its position in shares of HarborOne Bancorp by 25.3% during the 2nd quarter. BlackRock Inc. now owns 1,085,288 shares of the financial services provider’s stock valued at $20,327,000 after buying an additional 219,059 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of HarborOne Bancorp by 0.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,063,927 shares of the financial services provider’s stock valued at $19,927,000 after buying an additional 6,622 shares in the last quarter. Vanguard Group Inc. raised its position in shares of HarborOne Bancorp by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 954,250 shares of the financial services provider’s stock valued at $17,873,000 after buying an additional 9,587 shares in the last quarter. Maltese Capital Management LLC raised its position in shares of HarborOne Bancorp by 12.9% during the 2nd quarter. Maltese Capital Management LLC now owns 642,065 shares of the financial services provider’s stock valued at $12,026,000 after buying an additional 73,604 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of HarborOne Bancorp by 73.3% during the 2nd quarter. Renaissance Technologies LLC now owns 277,253 shares of the financial services provider’s stock valued at $5,193,000 after buying an additional 117,300 shares in the last quarter. Institutional investors and hedge funds own 18.87% of the company’s stock.

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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