HarborOne Bancorp (NASDAQ:HONE) Downgraded to C at TheStreet

TheStreet cut shares of HarborOne Bancorp (NASDAQ:HONE) from a b- rating to a c rating in a report released on Thursday, TheStreetRatingsTable reports.

A number of other research firms have also recently commented on HONE. Compass Point upgraded HarborOne Bancorp from a neutral rating to a buy rating and upped their price objective for the company from $17.00 to $22.00 in a research report on Friday, August 9th. ValuEngine upgraded HarborOne Bancorp from a sell rating to a hold rating in a research report on Saturday, August 10th. Janney Montgomery Scott started coverage on HarborOne Bancorp in a research report on Tuesday, August 6th. They set a buy rating for the company. Finally, BidaskClub cut HarborOne Bancorp from a strong-buy rating to a buy rating in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $20.50.

HONE stock opened at $10.13 on Thursday. HarborOne Bancorp has a 1-year low of $9.63 and a 1-year high of $20.08. The business has a fifty day moving average price of $18.64 and a 200-day moving average price of $17.71. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.04. The stock has a market capitalization of $618.89 million, a P/E ratio of 37.52 and a beta of 0.57.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.15 earnings per share for the quarter. The firm had revenue of $42.43 million during the quarter. HarborOne Bancorp had a return on equity of 4.37% and a net margin of 6.75%. As a group, analysts anticipate that HarborOne Bancorp will post 0.22 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Aperio Group LLC bought a new stake in HarborOne Bancorp during the second quarter valued at about $26,000. Flagship Harbor Advisors LLC grew its holdings in HarborOne Bancorp by 501.9% during the second quarter. Flagship Harbor Advisors LLC now owns 1,559 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,300 shares during the period. BNP Paribas Arbitrage SA grew its holdings in HarborOne Bancorp by 1,017.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,040 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 2,768 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in HarborOne Bancorp by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,289 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 4,131 shares during the period. Finally, Bank of America Corp DE grew its holdings in HarborOne Bancorp by 72.9% during the fourth quarter. Bank of America Corp DE now owns 9,311 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,926 shares during the period. 19.71% of the stock is owned by institutional investors and hedge funds.

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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