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

HarborOne Bancorp, Inc. (NASDAQ:HONE) declared a quarterly dividend on Wednesday, December 18th,RTT News reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.08 per share by the financial services provider on Tuesday, January 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Tuesday, December 31st.

HarborOne Bancorp has increased its dividend by an average of 35.7% annually over the last three years. HarborOne Bancorp has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of HONE stock opened at $11.99 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $12.68 and a two-hundred day simple moving average of $12.39. HarborOne Bancorp has a 12 month low of $9.15 and a 12 month high of $14.00. The firm has a market capitalization of $528.18 million, a PE ratio of 42.82 and a beta of 0.75.

HarborOne Bancorp (NASDAQ:HONE) last posted its earnings results 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. Analysts forecast that HarborOne Bancorp will post 0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on HONE shares. Piper Sandler lowered their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd.

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.