HarborOne Bancorp (NASDAQ:HONE) Announces Earnings Results, Beats Expectations By $0.04 EPS

HarborOne Bancorp (NASDAQ:HONE) released its quarterly earnings results on Friday. The financial services provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04, Bloomberg Earnings reports. The business had revenue of $45.26 million during the quarter, compared to analyst estimates of $44.20 million. HarborOne Bancorp had a return on equity of 4.37% and a net margin of 6.75%.

Shares of NASDAQ:HONE opened at $9.99 on Friday. The company has a market capitalization of $585.41 million, a PE ratio of 37.00 and a beta of 0.61. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.02. The business has a fifty day moving average price of $10.03 and a two-hundred day moving average price of $15.76. HarborOne Bancorp has a 1 year low of $8.30 and a 1 year high of $11.19.

In other HarborOne Bancorp news, CEO James W. Blake acquired 10,000 shares of HarborOne Bancorp stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $9.84 per share, for a total transaction of $98,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.25% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on the company. Compass Point raised HarborOne Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $17.00 to $22.00 in a research report on Friday, August 9th. ValuEngine upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Janney Montgomery Scott initiated coverage on HarborOne Bancorp in a research note on Tuesday, August 6th. They issued a “buy” rating for the company. BidaskClub downgraded HarborOne Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th. Finally, TheStreet downgraded HarborOne Bancorp from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.50.

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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Earnings History for HarborOne Bancorp (NASDAQ:HONE)

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