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

HarborOne Bancorp, Inc. (NASDAQ:HONE) announced a quarterly dividend on Friday, June 28th, Wall Street Journal reports. Stockholders of record on Wednesday, July 10th will be given a dividend of 0.08 per share by the financial services provider on Wednesday, July 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, July 10th.

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 39.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect HarborOne Bancorp to earn $0.78 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 41.0%.

HarborOne Bancorp Stock Performance

Shares of NASDAQ HONE traded up $0.27 during mid-day trading on Friday, reaching $11.13. 398,982 shares of the company’s stock were exchanged, compared to its average volume of 144,747. The firm has a market capitalization of $497.29 million, a price-to-earnings ratio of 29.35 and a beta of 0.74. HarborOne Bancorp has a 52 week low of $8.65 and a 52 week high of $12.44. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50-day moving average price of $10.43 and a two-hundred day moving average price of $10.68.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. HarborOne Bancorp had a return on equity of 4.58% and a net margin of 5.38%. The company had revenue of $41.32 million for the quarter, compared to analysts’ expectations of $39.98 million. Analysts predict that HarborOne Bancorp will post 0.64 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 26th.

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.