HarborOne Bancorp (NASDAQ:HONE – Get Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Separately, TheStreet cut shares of HarborOne Bancorp from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th.
Check Out Our Latest Research Report on HarborOne Bancorp
HarborOne Bancorp Price Performance
HarborOne Bancorp (NASDAQ:HONE – Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). HarborOne Bancorp had a net margin of 5.62% and a return on equity of 4.54%. The firm had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $42.11 million. Equities research analysts expect that HarborOne Bancorp will post 0.6 EPS for the current year.
Hedge Funds Weigh In On HarborOne Bancorp
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HONE. SG Americas Securities LLC boosted its position in HarborOne Bancorp by 85.6% in the 3rd quarter. SG Americas Securities LLC now owns 21,129 shares of the financial services provider’s stock valued at $201,000 after buying an additional 9,746 shares during the period. Strs Ohio raised its stake in HarborOne Bancorp by 85.5% during the 3rd quarter. Strs Ohio now owns 44,700 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 20,600 shares in the last quarter. TD Asset Management Inc acquired a new stake in HarborOne Bancorp during the 3rd quarter worth $236,000. Signaturefd LLC grew its position in HarborOne Bancorp by 54.6% during the 3rd quarter. Signaturefd LLC now owns 3,238 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in HarborOne Bancorp by 43.0% during the 3rd quarter. Victory Capital Management Inc. now owns 257,325 shares of the financial services provider’s stock worth $2,450,000 after purchasing an additional 77,338 shares during the last quarter. 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.
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