Harborone Bancorp Stock Today

HONE Stock  USD 10.67  0.15  1.43%   

Performance

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Odds Of Distress

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HarborOne Bancorp is trading at 10.67 as of the 28th of March 2024, a 1.43 percent increase since the beginning of the trading day. The stock's lowest day price was 10.67. HarborOne Bancorp has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for HarborOne Bancorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of September 2023 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Banks
IPO Date
30th of June 2016
Category
Financial Services
Classification
Financials
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 was founded in 1917 and is based in Brockton, Massachusetts. The company has 45.24 M outstanding shares of which 388.12 K shares are currently shorted by private and institutional investors with about 2.28 trading days to cover. More on HarborOne Bancorp

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HarborOne Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. HarborOne Bancorp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding HarborOne Bancorp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOJames Blake
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, NASDAQ Composite, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering HarborOne Bancorp report their recommendations after researching HarborOne Bancorp's financial statements, talking to executives and customers, or listening in on HarborOne Bancorp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering HarborOne Bancorp. The HarborOne consensus assessment is calculated by taking the average forecast from all of the analysts covering HarborOne Bancorp.
Financial Strength
Based on the analysis of HarborOne Bancorp's profitability, liquidity, and operating efficiency, HarborOne Bancorp is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. Financial strength of HarborOne Bancorp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00420.0028
Way Up
Slightly volatile
Asset Turnover0.03440.0489
Way Down
Slightly volatile
Gross Profit Margin0.01270.0133
Sufficiently Down
Slightly volatile
Total Current LiabilitiesB1.9 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total3.3 B3.1 B
Sufficiently Up
Slightly volatile
Total Assets4.1 B5.7 B
Way Down
Slightly volatile
Total Current Assets233.6 M245.9 M
Notably Down
Slightly volatile
HarborOne Bancorp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to HarborOne Bancorp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand HarborOne Bancorp's financial leverage. It provides some insight into what part of HarborOne Bancorp's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on HarborOne Bancorp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how HarborOne Bancorp deploys its capital and how much of that capital is borrowed.
Liquidity
HarborOne Bancorp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 592.99 M in liabilities with Debt to Equity (D/E) ratio of 10.34, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist HarborOne Bancorp until it has trouble settling it off, either with new capital or with free cash flow. So, HarborOne Bancorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like HarborOne Bancorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for HarborOne to invest in growth at high rates of return. When we think about HarborOne Bancorp's use of debt, we should always consider it together with cash and equity.

Investments

(498.8 Million)
HarborOne Bancorp (HONE) is traded on NASDAQ Exchange in USA. It is located in 770 Oak Street, Brockton, MA, United States, 02301 and employs 529 people. HarborOne Bancorp is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 472.73 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate HarborOne Bancorp's market, we take the total number of its shares issued and multiply it by HarborOne Bancorp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. HarborOne Bancorp conducts business under Banks sector and is part of Financials industry. The entity has 45.24 M outstanding shares of which 388.12 K shares are currently shorted by private and institutional investors with about 2.28 trading days to cover. HarborOne Bancorp currently holds about 126.1 M in cash with 44.05 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.74.
Check HarborOne Bancorp Probability Of Bankruptcy
Ownership Allocation
HarborOne Bancorp has a total of 45.24 Million outstanding shares. Over half of HarborOne Bancorp's outstanding shares are owned by outside corporations. These outside corporations are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in HarborOne Bancorp. Please watch out for any change in the institutional holdings of HarborOne Bancorp as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check HarborOne Ownership Details

HarborOne Stock Price Odds Analysis

What are HarborOne Bancorp's target price odds to finish over the current price? Based on a normal probability distribution, the odds of HarborOne Bancorp jumping above the current price in 90 days from now is about 60.45%. The HarborOne Bancorp probability density function shows the probability of HarborOne Bancorp stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.9194. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, HarborOne Bancorp will likely underperform. Additionally, harborOne Bancorp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 10.67HorizonTargetOdds Above 10.67
39.38%90 days
 10.67 
60.45%
Based on a normal probability distribution, the odds of HarborOne Bancorp to move above the current price in 90 days from now is about 60.45 (This HarborOne Bancorp probability density function shows the probability of HarborOne Stock to fall within a particular range of prices over 90 days) .

HarborOne Stock Institutional Holders

Institutional Holdings refers to the ownership stake in HarborOne Bancorp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of HarborOne Bancorp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing HarborOne Bancorp's value.
InstituionRecorded OnShares
Charles Schwab Investment Management Inc2023-09-30
315.8 K
Victory Capital Management Inc.2023-12-31
291.9 K
Renaissance Technologies Corp2023-12-31
255.5 K
Bridgeway Capital Management, Llc2023-12-31
243.5 K
State Of New Jersey Common Pension Fd D2023-12-31
234.3 K
Goldman Sachs Group Inc2023-09-30
232.4 K
Brandywine Global Investment Mgmt Llc2023-12-31
213.1 K
Jacobs Levy Equity Management, Inc.2023-09-30
183.8 K
Nuveen Asset Management, Llc2023-09-30
140 K
T. Rowe Price Investment Management,inc.2023-12-31
5.7 M
Blackrock Inc2023-12-31
3.6 M
View HarborOne Bancorp Diagnostics

HarborOne Bancorp Historical Income Statement

HarborOne Bancorp Income Statement is one of the three primary financial statements used for reporting HarborOne's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of HarborOne Bancorp revenue and expense. HarborOne Bancorp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, HarborOne Bancorp's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 262.8 M, whereas Selling And Marketing Expenses is forecasted to decline to about 3.5 M. View More Fundamentals

HarborOne Stock Against Markets

Picking the right benchmark for HarborOne Bancorp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in HarborOne Bancorp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for HarborOne Bancorp is critical whether you are bullish or bearish towards HarborOne Bancorp at a given time. Please also check how HarborOne Bancorp's historical prices are related to one of the top price index indicators.

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HarborOne Bancorp Corporate Directors

HarborOne Bancorp corporate directors refer to members of a HarborOne Bancorp board of directors. The board of directors generally takes responsibility for the HarborOne Bancorp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of HarborOne Bancorp's board members must vote for the resolution. The HarborOne Bancorp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy HarborOne Stock?

Before investing in HarborOne Bancorp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in HarborOne Bancorp. To buy HarborOne Bancorp stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of HarborOne Bancorp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase HarborOne Bancorp stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located HarborOne Bancorp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased HarborOne Bancorp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as HarborOne Bancorp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy HarborOne Stock please use our How to Invest in HarborOne Bancorp guide.

Already Invested in HarborOne Bancorp?

The danger of trading HarborOne Bancorp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of HarborOne Bancorp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than HarborOne Bancorp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile HarborOne Bancorp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether HarborOne Bancorp is a strong investment it is important to analyze HarborOne Bancorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact HarborOne Bancorp's future performance. For an informed investment choice regarding HarborOne Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HarborOne Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade HarborOne Stock refer to our How to Trade HarborOne Stock guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running HarborOne Bancorp's price analysis, check to measure HarborOne Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HarborOne Bancorp is operating at the current time. Most of HarborOne Bancorp's value examination focuses on studying past and present price action to predict the probability of HarborOne Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HarborOne Bancorp's price. Additionally, you may evaluate how the addition of HarborOne Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is HarborOne Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HarborOne Bancorp. If investors know HarborOne will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HarborOne Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.35)
Dividend Share
0.3
Earnings Share
0.37
Revenue Per Share
3.782
Quarterly Revenue Growth
(0.19)
The market value of HarborOne Bancorp is measured differently than its book value, which is the value of HarborOne that is recorded on the company's balance sheet. Investors also form their own opinion of HarborOne Bancorp's value that differs from its market value or its book value, called intrinsic value, which is HarborOne Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HarborOne Bancorp's market value can be influenced by many factors that don't directly affect HarborOne Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HarborOne Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if HarborOne Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HarborOne Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.