HarborOne Bancorp (HONE) Downgraded by BidaskClub to “Strong Sell”

BidaskClub cut shares of HarborOne Bancorp (NASDAQ:HONE) from a sell rating to a strong sell rating in a research note published on Friday morning.

Other equities analysts have also recently issued reports about the stock. Sandler O’Neill cut shares of HarborOne Bancorp from a buy rating to a hold rating in a research report on Wednesday, August 29th. ValuEngine upgraded shares of HarborOne Bancorp from a sell rating to a hold rating in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $19.50.

NASDAQ HONE opened at $16.87 on Friday. HarborOne Bancorp has a twelve month low of $16.65 and a twelve month high of $20.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.04 and a current ratio of 1.11. The company has a market cap of $551.02 million, a price-to-earnings ratio of 37.58 and a beta of 0.40.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.09. HarborOne Bancorp had a net margin of 8.35% and a return on equity of 4.04%. The firm had revenue of $34.76 million for the quarter.

Institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY purchased a new position in shares of HarborOne Bancorp during the 2nd quarter valued at $100,000. Flagship Harbor Advisors LLC purchased a new position in shares of HarborOne Bancorp during the 2nd quarter valued at $140,000. MetLife Investment Advisors LLC purchased a new position in shares of HarborOne Bancorp during the 2nd quarter valued at $142,000. Citadel Advisors LLC purchased a new position in shares of HarborOne Bancorp during the 2nd quarter valued at $454,000. Finally, Raymond James & Associates grew its holdings in shares of HarborOne Bancorp by 19.8% during the 2nd quarter. Raymond James & Associates now owns 30,364 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 5,027 shares in the last quarter. Institutional investors and hedge funds own 19.51% of the company’s stock.

About HarborOne Bancorp

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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