Analysts forecast that HarborOne Bancorp, Inc. (NASDAQ:HONE – Get Rating) will report $51.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for HarborOne Bancorp’s earnings. The highest sales estimate is $51.70 million and the lowest is $51.30 million. HarborOne Bancorp posted sales of $69.86 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 26.3%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that HarborOne Bancorp will report full-year sales of $220.45 million for the current fiscal year, with estimates ranging from $209.10 million to $231.80 million. For the next financial year, analysts expect that the company will post sales of $233.30 million, with estimates ranging from $221.30 million to $245.30 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow HarborOne Bancorp.
HarborOne Bancorp (NASDAQ:HONE – Get Rating) last released its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. HarborOne Bancorp had a return on equity of 8.47% and a net margin of 23.92%. The business had revenue of $53.15 million during the quarter, compared to analyst estimates of $54.75 million.
In other news, CEO James W. Blake sold 40,053 shares of the stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of $14.25, for a total value of $570,755.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James W. Blake sold 50,000 shares of the stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $15.16, for a total transaction of $758,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 340,053 shares of company stock valued at $4,980,755. 5.96% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management grew its stake in HarborOne Bancorp by 5.9% in the 3rd quarter. LSV Asset Management now owns 302,800 shares of the financial services provider’s stock valued at $4,251,000 after buying an additional 16,900 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of HarborOne Bancorp by 50.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 123,894 shares of the financial services provider’s stock worth $1,739,000 after acquiring an additional 41,662 shares during the period. IndexIQ Advisors LLC lifted its holdings in HarborOne Bancorp by 11.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 33,378 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 3,344 shares during the last quarter. Credit Suisse AG lifted its holdings in HarborOne Bancorp by 16.7% during the 3rd quarter. Credit Suisse AG now owns 43,634 shares of the financial services provider’s stock valued at $613,000 after purchasing an additional 6,235 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in HarborOne Bancorp during the 3rd quarter valued at about $196,000. Institutional investors own 56.75% of the company’s stock.
Shares of NASDAQ HONE traded down $0.03 during mid-day trading on Wednesday, hitting $13.75. The company had a trading volume of 79,792 shares, compared to its average volume of 194,738. The stock has a market cap of $704.77 million, a P/E ratio of 12.12 and a beta of 0.76. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. HarborOne Bancorp has a 1-year low of $12.99 and a 1-year high of $15.49. The business’s 50-day moving average price is $14.45.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 27th. Shareholders of record on Wednesday, April 13th will be given a $0.07 dividend. This is a boost from HarborOne Bancorp’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, April 12th. HarborOne Bancorp’s dividend payout ratio is presently 24.78%.
HarborOne Bancorp Company Profile (Get Rating)
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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans, including indirect automobile lease loans.
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