HarborOne Bancorp, Inc. (NASDAQ:HONE) Given Average Rating of "Moderate Buy" by Analysts
HarborOne Bancorp, Inc. (NASDAQ:HONE) has received an average "Moderate Buy" rating from four research firms. Three analysts recommend holding the stock, while one suggests a strong buy. The average 1-year price target is $13.00. Recent analyst actions include a hold rating from Wall Street Zen and a neutral rating with a price target increase from Piper Sandler. Institutional investors own 65.01% of the stock. HarborOne Bancorp operates as a financial services provider through HarborOne Bank and HarborOne Mortgage.
HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the four research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.00.
HONE has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of HarborOne Bancorp to a "hold" rating in a report on Friday, August 22nd. Weiss Ratings reissued a "hold (c+)" rating on shares of HarborOne Bancorp in a research report on Wednesday, October 8th. Finally, Piper Sandler boosted their price objective on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, July 25th.
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Check Out Our Latest Research Report on HONE
HarborOne Bancorp Price Performance
HONE opened at $12.10 on Friday. The stock's 50 day simple moving average is $13.13 and its 200 day simple moving average is $12.29. The firm has a market cap of $522.22 million, a price-to-earnings ratio of 18.62 and a beta of 0.61. HarborOne Bancorp has a 1 year low of $8.89 and a 1 year high of $14.29.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in HarborOne Bancorp by 2,985.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,641 shares of the financial services provider's stock worth $50,000 after buying an additional 3,523 shares during the period. CWM LLC raised its holdings in shares of HarborOne Bancorp by 35.3% during the first quarter. CWM LLC now owns 5,079 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 1,326 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of HarborOne Bancorp by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 7,634 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 3,607 shares in the last quarter. Rockland Trust Co. purchased a new stake in HarborOne Bancorp in the third quarter worth $141,000. Finally, Longfellow Investment Management Co. LLC bought a new stake in HarborOne Bancorp in the second quarter valued at $149,000. Hedge funds and other institutional investors own 65.01% of the company's stock.
About HarborOne Bancorp
(Get Free Report)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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