HarborOne Bancorp, Inc. (NASDAQ:HONE) Given Average Rating of “Moderate Buy” by Analysts

HarborOne Bancorp, Inc. (NASDAQ:HONE) has been assigned an average recommendation of “Moderate Buy” from the four research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.00.

HONE has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of HarborOne Bancorp to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of HarborOne Bancorp in a research report on Wednesday, October 8th. Finally, Piper Sandler boosted their price objective 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.

HarborOne Bancorp Price Performance

HONE opened at $12.10 on Friday. The stock’s 50 day simple moving average is $13.13 and its 200 day simple moving average is $12.29. The firm has a market cap of $522.22 million, a price-to-earnings ratio of 18.62 and a beta of 0.61. HarborOne Bancorp has a 1 year low of $8.89 and a 1 year high of $14.29.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in HarborOne Bancorp by 2,985.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,641 shares of the financial services provider’s stock worth $50,000 after buying an additional 3,523 shares during the period. CWM LLC raised its holdings in shares of HarborOne Bancorp by 35.3% during the first quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,326 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of HarborOne Bancorp by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 7,634 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 3,607 shares in the last quarter. Rockland Trust Co. purchased a new stake in HarborOne Bancorp in the third quarter worth $141,000. Finally, Longfellow Investment Management Co. LLC bought a new stake in HarborOne Bancorp in the second quarter valued at $149,000. Hedge funds and other institutional investors own 65.01% 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 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.