HarborOne Bancorp, Inc. (HONE) To Go Ex-Dividend on October 11th

HarborOne Bancorp, Inc. (NASDAQ:HONE) announced a quarterly dividend on Monday, September 30th, Wall Street Journal reports. Stockholders of record on Monday, October 14th will be given a dividend of 0.08 per share by the financial services provider on Monday, October 28th. This represents a $0.32 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, October 11th.

HarborOne Bancorp has increased its dividend by an average of 35.7% annually over the last three years. HarborOne Bancorp has a payout ratio of 37.6% meaning its dividend is sufficiently covered by earnings. Analysts expect HarborOne Bancorp to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 38.1%.

HarborOne Bancorp Price Performance

NASDAQ:HONE traded down $0.27 during trading hours on Wednesday, hitting $12.18. 87,746 shares of the stock were exchanged, compared to its average volume of 141,615. The firm’s fifty day moving average price is $12.70 and its 200 day moving average price is $11.30. The company has a market cap of $544.15 million, a P/E ratio of 33.65 and a beta of 0.73. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.07. HarborOne Bancorp has a 52-week low of $9.14 and a 52-week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $79.87 million for the quarter, compared to analysts’ expectations of $42.43 million. HarborOne Bancorp had a return on equity of 4.59% and a net margin of 5.20%. As a group, equities research analysts anticipate that HarborOne Bancorp will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling at HarborOne Bancorp

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total transaction of $162,240.00. Following the transaction, the chief marketing officer now directly owns 15,159 shares in the company, valued at $189,184.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HONE has been the topic of several recent analyst reports. Piper Sandler increased their price target on shares of HarborOne Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th.

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.