HONE - HarborOne Bancorp Inc Stock Price, Fair Value and News

11.02USD+0.08 (+0.73%)Market Closed

Market Summary

USD11.02+0.08

Market Closed

0.73%

HONE Stock Price

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HONE RSI Chart

HONE Valuation

Market Cap

492.3M

Price/Earnings (Trailing)

30.62

Price/Sales (Trailing)

1.93

EV/EBITDA

5.6

Price/Free Cashflow

HONE Price/Sales (Trailing)

HONE Profitability

EBT Margin

9.85%

Return on Equity

2.78%

Return on Assets

0.27%

Free Cashflow Yield

11.11%

HONE Fundamentals

HONE Revenue

Revenue (TTM)

255.3M

Rev. Growth (Yr)

19.6%

Rev. Growth (Qtr)

3.91%

HONE Earnings

Earnings (TTM)

16.1M

Earnings Growth (Yr)

0.04%

Earnings Growth (Qtr)

202.66%

Breaking Down HONE Revenue

Last 7 days

1.7%

Last 30 days

20.0%

Last 90 days

5.3%

How does HONE drawdown profile look like?

HONE Financial Health

Debt/Equity

1.31

Debt/Cashflow

0.08

HONE Investor Care

Dividend Yield

2.77%

Dividend/Share (TTM)

0.31

Buy Backs (1Y)

4.11%

Diluted EPS (TTM)

0.38

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	255.3M	0	0	0
2023	192.3M	213.2M	231.8M	244.3M
2022	143.7M	147.6M	156.4M	171.9M
2021	147.2M	146.5M	145.3M	143.9M
2020	154.9M	153.2M	150.6M	148.6M
2019	128.1M	140.1M	152.0M	154.8M
2018	96.6M	103.0M	109.4M	115.7M
2017	0	0	0	90.3M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of HarborOne Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 15, 2024	finocchio stephen w.	acquired	-	-	17,500	evp, chief financial officer
Mar 01, 2024	sullivan michael james	acquired	-	-	4,181	chairman of the board
Mar 01, 2024	stewart susan bugnacki	acquired	-	-	2,979	chief human resources officer
Mar 01, 2024	margulies anne h.	acquired	-	-	3,344	-
Mar 01, 2024	sanborn h. scott	acquired	74,232	10.18	7,292	evp, chief lending officer
Mar 01, 2024	wilmot damian w.	acquired	-	-	3,344	-
Mar 01, 2024	jezard gordon	acquired	-	-	3,344	-
Mar 01, 2024	berman mandy	acquired	-	-	3,344	-
Mar 01, 2024	levesque jean	sold (taxes)	-7,818	10.18	-768	fvp, interim cfo
Mar 01, 2024	tryder david e.	sold (taxes)	-23,281	10.18	-2,287	svp, chief marketing officer

Which funds bought or sold HONE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-6.7	-89,523	437,657	-%
May 16, 2024	COMERICA BANK	added	80.42	1,037	2,750	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-27.47	-95,899	174,526	-%
May 16, 2024	Colony Group, LLC	new	-	385,000	385,000	-%
May 15, 2024	BARCLAYS PLC	reduced	-11.73	-298,000	1,090,000	-%
May 15, 2024	UBS ASSET MANAGEMENT AMERICAS LLC	unchanged	-	-82,272	664,405	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	14.57	2,000	126,000	-%
May 15, 2024	DEUTSCHE BANK AG\	unchanged	-	-25,689	207,454	-%
May 15, 2024	STATE STREET CORP	added	1.07	-1,520,910	13,594,600	-%
May 15, 2024	MORGAN STANLEY	reduced	-16.63	-421,488	1,211,230	-%

Are Funds Buying or Selling HONE?

Are funds buying HONE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HONE

No. of Funds

Unveiling HarborOne Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	6.0%	2,754,564	SC 13G/A
Feb 14, 2024	t. rowe price investment management, inc.	12.5%	5,735,315	SC 13G
Feb 13, 2024	vanguard group inc	5.10%	2,336,243	SC 13G
Jan 30, 2024	harborone bank employee stock ownership trust	9.78%	4,477,324	SC 13G/A
Jan 26, 2024	blackrock inc.	7.9%	3,612,646	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	9.6%	5,632,444	SC 13G/A
Feb 11, 2021	harborone bank employee stock ownership trust	7.98%	4,563,160	SC 13G/A
Feb 08, 2021	alliancebernstein l.p.	6.5%	3,785,837	SC 13G
Feb 02, 2021	blackrock inc.	7.3%	4,254,650	SC 13G

Recent SEC filings of HarborOne Bancorp Inc

View All Filings

Date Filed	Form Type	Document
May 17, 2024	8-K	Current Report
May 07, 2024	10-Q	Quarterly Report
Apr 25, 2024	8-K	Current Report
Apr 15, 2024	3	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 02, 2024	ARS	ARS
Apr 02, 2024	DEF 14A	DEF 14A
Apr 02, 2024	DEFA14A	DEFA14A
Mar 28, 2024	8-K	Current Report
Mar 28, 2024	8-K	Current Report

Peers (Alternatives to HarborOne Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

HarborOne Bancorp Inc News

Latest updates

HarborOne Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.9%	67.00	64.00	63.00	61.00	56.00	52.00	45.00	40.00	36.00	36.00	36.00	36.00	36.00	38.00	37.00	37.00	37.00	40.00	40.00	38.00	37.00
EBITDA Margin	-6.6%	0.60*	0.64*	0.79*	0.93*	1.08*	1.25*	1.37*	1.39*	1.44*	1.50*	1.51*	1.48*	-	-	-	-	-	-	-	-	-
Interest Expenses	3.0%	31.00	30.00	31.00	32.00	34.00	39.00	39.00	37.00	33.00	34.00	33.00	33.00	32.00	33.00	31.00	29.00	27.00	28.00	28.00	27.00	26.00
Income Taxes	31.9%	2.00	2.00	3.00	2.00	2.00	3.00	5.00	4.00	5.00	4.00	5.00	6.00	8.00	3.00	5.00	4.00	2.00	2.00	1.00	1.00	0.00
Earnings Before Taxes	285.2%	10.00	-5.26	11.00	10.00	10.00	12.00	18.00	14.00	17.00	16.00	17.00	20.00	27.00	21.00	16.00	14.00	6.00	6.00	8.00	6.00	2.00
EBT Margin	-4.2%	0.10*	0.10*	0.18*	0.24*	0.28*	0.36*	0.42*	0.44*	0.49*	0.56*	0.58*	0.57*	-	-	-	-	-	-	-	-	-
Net Income	202.7%	7.00	-7.11	8.00	7.00	7.00	10.00	14.00	10.00	12.00	13.00	12.00	14.00	19.00	18.00	12.00	11.00	5.00	4.00	7.00	5.00	2.00
Net Income Margin	-4.3%	0.06*	0.07*	0.14*	0.18*	0.21*	0.27*	0.31*	0.32*	0.36*	0.41*	0.44*	0.43*	-	-	-	-	-	-	-	-	-
Free Cashflow	187.5%	15.00	-16.99	27.00	30.00	9.00	15.00	31.00	6.00	15.00	56.00	44.00	109	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.4%	5,862	5,668	5,664	5,659	5,573	5,360	4,988	4,704	4,591	4,553	4,567	4,616	4,606	4,484	4,428	4,465	4,101	4,059	3,949	3,737	3,656
Cash Equivalents	73.1%	393	227	247	253	250	98.00	86.00	84.00	140	195	320	416	319	206	138	249	235	212	239	79.00	102
Net PPE	-1.7%	48.00	49.00	49.00	49.00	49.00	49.00	49.00	49.00	50.00	51.00	50.00	52.00	51.00	50.00	49.00	48.00	48.00	48.00	57.00	-	-
Goodwill	0%	59.00	59.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00
Liabilities	3.9%	5,285	5,084	5,080	5,064	4,973	4,743	4,376	4,080	3,942	3,874	3,887	3,911	3,908	3,787	3,734	3,780	3,426	3,393	3,289	-	-
Short Term Borrowings	-22.4%	235	303	-	-	425	385	330	90.00	-	-	-	-	-	35.00	95.00	200	104	183	60.00	-	-
Long Term Debt	32.7%	754	568	475	605	166	401	16.00	16.00	56.00	56.00	56.00	87.00	97.00	114	141	141	181	171	211	-	-
LT Debt, Non Current	-	-	-	475	605	166	401	16.00	16.00	56.00	56.00	56.00	87.00	97.00	114	141	141	181	171	211	-	-
Shareholder's Equity	-1.0%	578	584	585	596	600	617	611	624	649	679	680	705	698	696	694	684	675	666	660	371	363
Retained Earnings	1.1%	364	360	370	365	360	356	350	339	333	326	316	306	294	277	261	251	242	237	233	-	-
Additional Paid-In Capital	0.2%	487	487	485	485	484	483	481	480	477	470	469	467	466	464	464	463	462	460	459	-	-
Shares Outstanding	-0.8%	45.00	45.00	46.00	47.00	47.00	49.00	47.00	47.00	48.00	51.00	50.00	52.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	313	-	-	-	532	-	-	-	629	-	-	-	434	-	-	-	242	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	193.1%	14,974	-16,076	28,016	31,903	9,665	15,613	32,226	6,401	14,659	57,079	44,972	111,126	11,118	-3,151	-1,585	-23,110	894	11,610	1,925	-69,748	20,086
Share Based Compensation	9.3%	613	561	496	622	489	561	744	1,029	971	1,031	992	989	772	536	617	1,263	1,263	-	-	-	-
Cashflow From Investing	-10.7%	-33,148	-29,946	-16,566	-78,631	-71,570	-358,284	-291,626	-176,370	-125,738	-156,161	-77,819	-7,132	61.00	35,416	-59,206	-306,606	11,544	-139,509	-38,252	-39,151	-11,922
Cashflow From Financing	593.0%	184,265	26,588	-17,517	49,825	213,642	354,734	261,016	114,575	56,092	-25,838	-63,161	-6,872	101,476	36,087	-50,663	343,268	11,366	100,884	196,251	86,051	-12,130
Dividend Payments	-100.0%	-	2,426	3,472	3,484	3,444	2,533	3,491	3,562	2,602	1,976	2,730	2,785	1,704	-	-	-	-	-	-	-	-
Buy Backs	8.2%	6,263	5,787	6,479	5,810	27,130	5,259	10,829	18,783	27,654	12,136	35,135	7,128	14,816	15,311	-	-	-	-	-	-	-

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HONE Income Statement

2024-03-31

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Interest and fees on loans	$ 59,937	$ 52,771
Interest on loans held for sale	243	286
Interest on taxable securities	2,065	2,079
Other interest and dividend income	4,659	803
Total interest and dividend income	66,904	55,939
Interest expense:
Interest on deposits	26,899	15,913
Interest on borrowings	9,423	5,105
Interest on subordinated debentures		523
Total interest expense	36,322	21,541
Net interest and dividend income	30,582	34,398
Provision (benefit) for credit losses	(168)	1,866
Net interest and dividend income, after provision for credit losses	30,750	32,532
Mortgage banking income:
Gain on sale of mortgage loans	2,013	2,224
Changes in mortgage servicing rights fair value	54	(1,692)
Other	2,276	2,216
Total mortgage banking income	4,343	2,748
Deposit account fees	4,983	4,733
Income on retirement plan annuities	145	119
Bank-owned life insurance income	746	500
Other income	524	590
Total noninterest income	10,741	8,690
Noninterest expense:
Compensation and benefits	17,636	17,799
Occupancy and equipment	4,781	5,040
Data processing	2,479	2,346
Loan expenses	371	313
Marketing	816	1,181
Deposit expenses	690	534
Postage and printing	438	457
Professional fees	1,457	1,501
Foreclosed and repossessed assets	4	(17)
Deposit insurance	1,164	510
Other expenses	1,914	1,845
Total noninterest expense	31,750	31,509
Income before income taxes	9,741	9,713
Income tax provision	2,441	2,416
Net income	$ 7,300	$ 7,297
Earnings per common share:
Basic	$ 0.17	$ 0.16
Diluted	$ 0.17	$ 0.16
Weighted average shares outstanding:
Weighted average common shares, basic	41,912,421	44,857,224
Weighted average common shares, diluted	42,127,037	45,284,240

HONE Balance Sheet

2024-03-31

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 36,340	$ 38,876
Short-term investments	357,101	188,474
Total cash and cash equivalents	393,441	227,350
Securities available for sale, at fair value	291,008	290,151
Securities held to maturity, at amortized cost (fair value of $19,102 at March 31, 2024 and $19,262 at December 31. 2023)	19,724	19,796
Federal Home Loan Bank stock, at cost	26,565	27,098
Asset held for sale	348	348
Loans held for sale, at fair value	16,434	19,686
Loans	4,776,685	4,750,311
Less: Allowance for credit losses on loans	(48,185)	(47,972)
Net loans	4,728,500	4,702,339
Accrued interest receivable	19,470	18,169
Mortgage servicing rights, at fair value	46,597	46,111
Property and equipment, net	47,913	48,749
Retirement plan annuities	15,315	15,170
Bank-owned life insurance	95,421	94,675
Goodwill	59,042	59,042
Intangible assets	1,326	1,515
Other assets	101,118	97,697
Total assets	5,862,222	5,667,896
Deposits:
Demand deposit accounts	677,152	659,973
NOW accounts	305,071	305,825
Regular savings and club accounts	1,110,404	1,265,315
Money market deposit accounts	1,061,145	966,201
Term certificate accounts	852,326	863,457
Brokered deposits	387,926	326,638
Total deposits	4,394,024	4,387,409
Borrowings	754,380	568,462
Mortgagors' escrow accounts	10,364	8,872
Accrued interest payable	7,302	5,251
Other liabilities and accrued expenses	118,469	114,143
Total liabilities	5,284,539	5,084,137
Commitments and contingencies (Notes 7, 12 and 13)
Common stock, $0.01 par value; 150,000,000 shares authorized; 60,512,221 and 60,255,288 shares issued; 45,055,006 and 45,401,224 shares outstanding at March 31, 2024 and December 31, 2023, respectively	598	598
Additional paid-in capital	487,277	486,502
Retained earnings	363,591	359,656
Treasury stock, at cost, 15,457,215 and 14,854,064 shares at March 31, 2024 and December 31, 2023, respectively	(199,853)	(193,590)
Accumulated other comprehensive loss	(48,604)	(43,622)
Unearned compensation - ESOP	(25,326)	(25,785)
Total stockholders' equity	577,683	583,759
Total liabilities and stockholders' equity	$ 5,862,222	$ 5,667,896

About HarborOne Bancorp Inc

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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans. The company also originates, sells, and services residential mortgage loans. In addition, it provides a range of educational services, such as free digital content, webinars, and recordings for small business and personal financial education. The company operated through a network of full-service branches located in Massachusetts and Rhode Island, as well as commercial lending offices in each of Boston, Massachusetts, and Providence, Rhode Island. It also had administrative offices in Brockton, Massachusetts, as well as ATM locations in Massachusetts. The company was founded in 1917 and is based in Brockton, Massachusetts.

CEO	Mr. Joseph F. Casey
WEBSITE	harborone.com
INDUSTRY	Banks Diversified
EMPLOYEES	549

HarborOne Bancorp Inc Frequently Asked Questions

What is the ticker symbol for HarborOne Bancorp Inc? What does HONE stand for in stocks?

HONE is the stock ticker symbol of HarborOne Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of HarborOne Bancorp Inc (HONE)?

As of Fri May 17 2024, market cap of HarborOne Bancorp Inc is 492.33 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HONE stock?

You can check HONE's fair value in chart for subscribers.

What is the fair value of HONE stock?

You can check HONE's fair value in chart for subscribers. The fair value of HarborOne Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of HarborOne Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HONE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is HarborOne Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether HONE is over valued or under valued. Whether HarborOne Bancorp Inc is cheap or expensive depends on the assumptions which impact HarborOne Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HONE.

What is HarborOne Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, HONE's PE ratio (Price to Earnings) is 30.62 and Price to Sales (PS) ratio is 1.93. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HONE PE ratio will change depending on the future growth rate expectations of investors.