HarborOne Bancorp, Inc. (HONE) to Distribute Quarterly Dividend of $0.08 on January 14th

HarborOne Bancorp, Inc. (NASDAQ:HONE) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.08 per share by the financial services provider on Tuesday, January 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.65%.

HarborOne Bancorp has raised its dividend by an average of 35.7% per year over the last three years. HarborOne Bancorp has a dividend payout ratio of 36.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect HarborOne Bancorp to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 36.8%.

HarborOne Bancorp Stock Up 0.3 %

HONE opened at $12.09 on Friday. HarborOne Bancorp has a fifty-two week low of $9.15 and a fifty-two week high of $14.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The firm’s fifty day moving average price is $12.80 and its two-hundred day moving average price is $12.31. The company has a market capitalization of $532.59 million, a P/E ratio of 43.18 and a beta of 0.75.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company had revenue of $79.60 million during the quarter, compared to the consensus estimate of $43.37 million. HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. On average, analysts anticipate that HarborOne Bancorp will post 0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

HONE has been the topic of a number of recent research reports. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Piper Sandler decreased their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 25th.

About HarborOne Bancorp

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.