T. Rowe Price Investment Manageme recently announced the acquisition of new stake in HarborOne Bancorp Inc. (NASDAQ:HONE). This fresh investment now brings its stake to 9.99% valued currently at $68.32 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.13 million to 2.19 million shares. And Bridgeway Capital Management LLC has lifted its position by 4.66% or 21900.0 shares – to 0.49 million shares.
With over 0.13 million HarborOne Bancorp Inc. (HONE) shares trading Friday and a closing price of $14.15 on the day, the dollar volume was approximately $1.78 million. The shares have shown a negative half year performance of -1.26% and its price on 01/20/23 gained nearly 1.65%. Currently, there are 45.83M common shares owned by the public and among those 43.15M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for HONE have a consensus price objective of $15.17. The analysts have set the share’s price value over the next 12 months at a high of $16.00 and a low of $14.50. The average price target is 6.72% above its recent price level and an upside to the estimated low will see the stock gain 2.41% over that period. But an upside of 11.56% will see the stock hit the forecast high price target while median target price for the stock is $15.00.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in HarborOne Bancorp Inc. are T Rowe Price Small Cap Value Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. T Rowe Price Small Cap Value Fund owns 3.05 million shares of the company’s stock, all valued at over $42.42 million. The company sold 5200.0 shares recently to bring their total holdings to about 6.20% of the shares outstanding. iShares Russell 2000 ETF sold 11041.0 shares to bring its total holdings to over 1.06 million shares at a value of $14.74 million. iShares Russell 2000 ETF now owns shares totaling to 2.16% of the shares outstanding.
Shares of HarborOne Bancorp Inc. (NASDAQ: HONE) opened at $14.06, up $0.14 from a prior closing price of $13.92. However, the script later moved the day high at 14.15, up 1.65%. The company’s stock has a 5-day price change of 0.21% and -1.12% over the past three months. HONE shares are trading 1.80% year to date (YTD), with the 12-month market performance down to -3.41% lower. It has a 12-month low price of $12.82 and touched a high of $15.56 over the same period. HONE has an average intraday trading volume of 132.20K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.13%, -0.49%, and 0.72% respectively.
Institutional ownership of HarborOne Bancorp Inc. (NASDAQ: HONE) shares accounts for 56.50% of the company’s 45.83M shares outstanding. Mutual fund holders own 3.03%, while other institutional holders and individual stakeholders account for 33.26% and 22.11% respectively.
It has a market capitalization of $684.72M and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 14.00, while the earnings-per-share (ttm) stands at $1.01. The company has a debt-to-equity ratio at 0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.12% over the week and 1.76% over the month.
Analysts forecast that HarborOne Bancorp Inc. (HONE) will achieve an EPS of $0.28 for the current quarter, $0.24 for the next quarter and $0.97 for 2023. The lowest estimate earnings-per-share for the quarter is $0.27 while analysts give the company a high EPS estimate of $0.3. Comparatively, EPS for the current quarter was $0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 37.70%, and -1.25% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate HarborOne Bancorp Inc. (HONE) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 2 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HONE, a number of firms have released research notes about the stock. Compass Point stated their Neutral rating for the stock in a research note on October 20, 2022, with the firm’s price target at $14. Piper Sandler coverage for the HarborOne Bancorp Inc. (HONE) stock in a research note released on March 18, 2022 offered a Underweight rating with a price target of $15.50. DA Davidson was of a view on March 05, 2021 that the stock is Buy, while Piper Sandler gave the stock Neutral rating on February 19, 2021, issuing a price target of $12. DA Davidson on their part issued Neutral rating on June 16, 2020.