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

HarborOne Bancorp (NASDAQ:HONE) announced its quarterly earnings data on Thursday. The financial services provider reported $0.20 EPS 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 Down 0.2 %

Shares of NASDAQ:HONE traded down $0.03 during midday trading on Thursday, hitting $12.05. 99,568 shares of the company’s stock traded hands, compared to its average volume of 126,399. HarborOne Bancorp has a twelve month low of $9.15 and a twelve month high of $14.00. The company has a market cap of $530.58 million, a PE ratio of 43.04 and a beta of 0.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The firm’s fifty day moving average price is $12.30 and its two-hundred day moving average price is $12.57.

HarborOne Bancorp Announces Dividend

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

Analysts Set New Price Targets

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

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.