HarborOne Bancorp, Inc. (NASDAQ:HONE) to Issue $0.08 Quarterly Dividend

HarborOne Bancorp, Inc. (NASDAQ:HONE) declared a quarterly dividend on Thursday, December 19th,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 yield of 2.66%.

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. 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 Price Performance

Shares of HarborOne Bancorp stock opened at $12.05 on Friday. The firm has a fifty day moving average price of $12.82 and a two-hundred day moving average price of $12.29. HarborOne Bancorp has a fifty-two week low of $9.15 and a fifty-two week high of $14.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The company has a market cap of $530.83 million, a PE ratio of 43.04 and a beta of 0.75.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The firm had revenue of $79.60 million for the quarter, compared to the consensus estimate of $43.37 million. Analysts expect that HarborOne Bancorp will post 0.62 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HONE shares. Piper Sandler decreased their price target on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. StockNews.com raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note 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.