HarborOne Bancorp, Inc. (NASDAQ:HONE) Expected to Announce Earnings of $0.21 Per Share

Analysts expect HarborOne Bancorp, Inc. (NASDAQ:HONEGet Rating) to report earnings of $0.21 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for HarborOne Bancorp’s earnings, with estimates ranging from $0.19 to $0.22. HarborOne Bancorp posted earnings per share of $0.27 during the same quarter last year, which indicates a negative year over year growth rate of 22.2%. The company is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that HarborOne Bancorp will report full year earnings of $0.93 per share for the current year, with EPS estimates ranging from $0.85 to $1.00. For the next financial year, analysts expect that the firm will report earnings of $0.99 per share, with EPS estimates ranging from $0.88 to $1.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover HarborOne Bancorp.

HarborOne Bancorp (NASDAQ:HONEGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.17 by $0.08. HarborOne Bancorp had a return on equity of 7.57% and a net margin of 22.78%.

A number of equities research analysts recently commented on the company. StockNews.com assumed coverage on HarborOne Bancorp in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler downgraded HarborOne Bancorp from a “neutral” rating to an “underweight” rating and set a $15.50 target price on the stock. in a research report on Friday, March 18th. Finally, Zacks Investment Research raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th.

In other news, CEO James W. Blake sold 40,053 shares of the company’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was sold at an average price of $14.25, for a total transaction of $570,755.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James W. Blake sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $15.16, for a total value of $758,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,053 shares of company stock worth $4,980,755. Insiders own 5.96% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in HarborOne Bancorp by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 357,705 shares of the financial services provider’s stock worth $5,015,000 after purchasing an additional 2,246 shares in the last quarter. State Street Corp grew its stake in HarborOne Bancorp by 5.4% in the first quarter. State Street Corp now owns 1,413,285 shares of the financial services provider’s stock worth $19,814,000 after purchasing an additional 72,114 shares in the last quarter. Invesco Ltd. grew its stake in HarborOne Bancorp by 26.7% in the first quarter. Invesco Ltd. now owns 113,850 shares of the financial services provider’s stock worth $1,596,000 after purchasing an additional 23,998 shares in the last quarter. Renaissance Technologies LLC grew its stake in HarborOne Bancorp by 10.4% in the first quarter. Renaissance Technologies LLC now owns 128,805 shares of the financial services provider’s stock worth $1,806,000 after purchasing an additional 12,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in HarborOne Bancorp by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,864,232 shares of the financial services provider’s stock worth $26,137,000 after purchasing an additional 135,505 shares in the last quarter. 57.37% of the stock is currently owned by institutional investors.

Shares of HarborOne Bancorp stock opened at $13.66 on Monday. The stock’s 50-day simple moving average is $13.92 and its 200-day simple moving average is $14.44. HarborOne Bancorp has a 52 week low of $12.99 and a 52 week high of $15.49. The company has a market capitalization of $700.18 million, a price-to-earnings ratio of 13.52 and a beta of 0.74. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.14.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 27th. Shareholders of record on Wednesday, April 13th were paid a dividend of $0.07 per share. This is a boost from HarborOne Bancorp’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, April 12th. HarborOne Bancorp’s payout ratio is presently 27.72%.

HarborOne Bancorp Company Profile (Get Rating)

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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans, including indirect automobile lease loans.

Recommended Stories

Get a free copy of the Zacks research report on HarborOne Bancorp (HONE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for HarborOne Bancorp (NASDAQ:HONE)

Want More Great Investing Ideas?

Receive News & Ratings for HarborOne Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HarborOne Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.