HarborOne Bancorp Inc Declares Quarterly Dividend of $0.03 (NASDAQ:HONE)

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HarborOne Bancorp Inc (NASDAQ:HONE) declared a quarterly dividend on Wednesday, July 1st, Zacks reports. Stockholders of record on Tuesday, July 14th will be given a dividend of 0.03 per share by the financial services provider on Tuesday, July 28th. This represents a $0.12 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, July 13th.

NASDAQ HONE opened at $7.90 on Friday. HarborOne Bancorp has a 52 week low of $6.45 and a 52 week high of $11.20. The firm has a market capitalization of $461.50 million, a price-to-earnings ratio of 20.60 and a beta of 0.89. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $8.34 and a two-hundred day moving average of $9.10.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $45.57 million for the quarter, compared to the consensus estimate of $46.55 million. HarborOne Bancorp had a net margin of 9.30% and a return on equity of 3.53%. Equities research analysts anticipate that HarborOne Bancorp will post 0.28 EPS for the current year.

HONE has been the topic of several recent analyst reports. BidaskClub downgraded HarborOne Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. DA Davidson started coverage on HarborOne Bancorp in a research note on Monday, June 15th. They issued a “neutral” rating and a $9.50 target price on the stock. Compass Point lowered their target price on shares of HarborOne Bancorp from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, Zacks Investment Research upgraded shares of HarborOne Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a report on Wednesday, July 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.67.

In other news, COO Joseph F. Casey acquired 14,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $7.20 per share, with a total value of $100,800.00. Following the transaction, the chief operating officer now directly owns 252,403 shares in the company, valued at $1,817,301.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.25% 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.

See Also: Return on Equity (ROE)

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