HarborOne Bancorp (NASDAQ:HONE – Get Free Report) released its earnings results on Thursday. The financial services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02, Zacks reports. HarborOne Bancorp had a net margin of 5.20% and a return on equity of 4.58%. The business had revenue of $79.87 million during the quarter, compared to analysts’ expectations of $42.43 million.
HarborOne Bancorp Price Performance
HONE traded up $0.01 during midday trading on Friday, reaching $13.58. 181,541 shares of the company’s stock were exchanged, compared to its average volume of 142,445. The firm has a market capitalization of $606.75 million, a price-to-earnings ratio of 36.70 and a beta of 0.74. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.31. HarborOne Bancorp has a one year low of $9.14 and a one year high of $14.00. The business has a 50-day simple moving average of $11.05 and a two-hundred day simple moving average of $10.67.
HarborOne Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Wednesday, July 10th. HarborOne Bancorp’s dividend payout ratio is 86.49%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on HONE
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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