HarborOne Bancorp (NASDAQ:HONE) Earns “Hold (C+)” Rating from Weiss Ratings

HarborOne Bancorp (NASDAQ:HONE)‘s stock had its “hold (c+)” rating restated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other analysts also recently issued reports on HONE. Wall Street Zen raised shares of HarborOne Bancorp to a “hold” rating in a research report on Friday, August 22nd. Piper Sandler lifted their price target on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, HarborOne Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

HarborOne Bancorp Stock Down 0.1%

Shares of HONE stock opened at $13.94 on Wednesday. The company has a market cap of $601.65 million, a price-to-earnings ratio of 21.45 and a beta of 0.61. HarborOne Bancorp has a 52 week low of $8.89 and a 52 week high of $14.21. The firm has a 50 day moving average of $12.81 and a 200-day moving average of $11.72.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. HarborOne Bancorp had a net margin of 8.43% and a return on equity of 4.66%. The company had revenue of $45.44 million during the quarter, compared to the consensus estimate of $32.39 million. Analysts anticipate that HarborOne Bancorp will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On HarborOne Bancorp

A number of hedge funds have recently made changes to their positions in HONE. CWM LLC raised its stake in shares of HarborOne Bancorp by 35.3% during the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,326 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in shares of HarborOne Bancorp during the 2nd quarter worth $149,000. GC Wealth Management RIA LLC raised its stake in shares of HarborOne Bancorp by 7.7% during the 2nd quarter. GC Wealth Management RIA LLC now owns 13,848 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 992 shares during the period. Sei Investments Co. bought a new stake in shares of HarborOne Bancorp during the 2nd quarter worth $169,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HarborOne Bancorp during the 1st quarter worth $176,000. 65.01% 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 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.