HarborOne Bancorp, Inc. Declares Quarterly Dividend of $0.08 (NASDAQ:HONE)

HarborOne Bancorp, Inc. (NASDAQ:HONE) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.08 per share by the financial services provider on Tuesday, January 14th. This represents a $0.32 annualized dividend and a yield of 2.64%.

HarborOne Bancorp has increased its dividend payment by an average of 35.7% per year over the last three years. HarborOne Bancorp has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HarborOne Bancorp to earn $0.87 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 36.8%.

HarborOne Bancorp Price Performance

Shares of NASDAQ HONE opened at $12.14 on Thursday. The firm has a market capitalization of $534.79 million, a P/E ratio of 43.36 and a beta of 0.75. The stock’s 50-day simple moving average is $12.84 and its two-hundred day simple moving average is $12.30. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. HarborOne Bancorp has a twelve month low of $9.15 and a twelve month high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. The business had revenue of $79.60 million for the quarter, compared to the consensus estimate of $43.37 million. As a group, equities analysts anticipate that HarborOne Bancorp will post 0.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on HONE. StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Piper Sandler decreased their target price on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

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.