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

ValuEngine downgraded shares of HarborOne Bancorp (NASDAQ:HONE) from a hold rating to a sell rating in a report issued on Friday, ValuEngine reports.

Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of HarborOne Bancorp from a buy rating to a hold rating in a research report on Wednesday, December 18th. BidaskClub downgraded shares of HarborOne Bancorp from a sell rating to a strong sell rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. HarborOne Bancorp presently has a consensus rating of Hold and an average price target of $16.50.

NASDAQ HONE traded down $0.05 during mid-day trading on Friday, hitting $11.07. The company’s stock had a trading volume of 120,599 shares, compared to its average volume of 189,693. The company’s 50 day simple moving average is $10.93 and its 200 day simple moving average is $12.12. HarborOne Bancorp has a twelve month low of $8.36 and a twelve month high of $11.19. 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 has a market capitalization of $649.74 million, a price-to-earnings ratio of 43.84 and a beta of 0.62.

A number of hedge funds and other institutional investors have recently bought and sold shares of HONE. Flagship Harbor Advisors LLC grew its position in HarborOne Bancorp by 286.5% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 6,026 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 4,467 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in HarborOne Bancorp by 187.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,445 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 4,201 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in HarborOne Bancorp by 79.5% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 9,495 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 4,206 shares during the last quarter. Rockland Trust Co. purchased a new position in HarborOne Bancorp during the 4th quarter worth $117,000. Finally, Voya Investment Management LLC purchased a new position in HarborOne Bancorp during the 3rd quarter worth $128,000. 36.83% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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