HarborOne Bancorp (NASDAQ:HONE) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

HarborOne Bancorp (NASDAQ:HONE) issued its quarterly earnings results on Thursday. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02, Zacks reports. HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%.

HarborOne Bancorp Stock Performance

NASDAQ:HONE traded down $0.03 during mid-day trading on Thursday, hitting $12.05. The stock had a trading volume of 99,568 shares, compared to its average volume of 126,399. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The company has a 50 day simple moving average of $12.30 and a 200-day simple moving average of $12.57. The stock has a market capitalization of $530.58 million, a price-to-earnings ratio of 43.04 and a beta of 0.76. HarborOne Bancorp has a 52 week low of $9.15 and a 52 week high of $14.00.

HarborOne Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 2.66%. HarborOne Bancorp’s dividend payout ratio is currently 114.29%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Piper Sandler dropped their target price on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. StockNews.com raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

HarborOne Bancorp Company Profile

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.