HarborOne Bancorp (NASDAQ:HONE) Given New $13.00 Price Target at Piper Sandler

HarborOne Bancorp (NASDAQ:HONE) had its price objective lowered by Piper Sandler from $15.00 to $13.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 12.26% from the company’s current price.

Separately, StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th.

HarborOne Bancorp Trading Up 0.7 %

HONE stock traded up $0.08 during midday trading on Friday, hitting $11.58. The stock had a trading volume of 71,038 shares, compared to its average volume of 143,580. HarborOne Bancorp has a 12-month low of $9.15 and a 12-month high of $14.00. The company’s 50-day moving average price is $12.78 and its 200 day moving average price is $11.60. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market cap of $517.35 million, a PE ratio of 31.19 and a beta of 0.73.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $79.60 million for the quarter, compared to analysts’ expectations of $43.37 million. HarborOne Bancorp had a net margin of 5.20% and a return on equity of 4.59%. On average, equities research analysts predict that HarborOne Bancorp will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at HarborOne Bancorp

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the sale, the chief marketing officer now owns 15,159 shares in the company, valued at $189,184.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in HarborOne Bancorp by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock worth $27,398,000 after purchasing an additional 67,913 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of HarborOne Bancorp by 5.7% during the second quarter. Renaissance Technologies LLC now owns 387,241 shares of the financial services provider’s stock valued at $4,310,000 after purchasing an additional 20,800 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in HarborOne Bancorp by 192.0% in the second quarter. Cubist Systematic Strategies LLC now owns 28,700 shares of the financial services provider’s stock valued at $319,000 after buying an additional 18,870 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of HarborOne Bancorp by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock valued at $2,406,000 after purchasing an additional 11,438 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of HarborOne Bancorp by 63.3% in the third quarter. SG Americas Securities LLC now owns 21,069 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 8,169 shares during the period. 65.01% of the stock is currently owned by institutional investors.

HarborOne Bancorp Company Profile

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.