HarborOne Bancorp said on March 30, 2023 that its board of directors declared a regular
quarterly dividend of $0.08 per share ($0.30 annualized).
Previously, the company paid $0.07 per share.
Shares must be purchased before the ex-div date of April 11, 2023 to qualify for the dividend.
Shareholders of record as of April 12, 2023
will receive the payment on April 26, 2023.
At the current share price of $12.17 / share,
the stock’s dividend yield is 2.47%.
Looking back five years and taking a sample every week, the average dividend yield has been
the lowest has been 0.86%,
and the highest has been 4.57%.
The standard deviation of yields is 0.71 (n=236).
The current dividend yield is
0.82 standard deviations
the historical average.
Additionally, the company’s dividend payout ratio is 0.28.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Suggests 18.73% Upside
As of March 30, 2023,
the average one-year price target for HarborOne Bancorp is $14.45.
The forecasts range from a low of $13.13 to a high of $16.80.
The average price target represents an increase of 18.73% from its latest reported closing price of $12.17.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for HarborOne Bancorp
is $163MM, a decrease of 18.88%.
The projected annual non-GAAP EPS
What is the Fund Sentiment?
There are 305 funds or institutions reporting positions in HarborOne Bancorp.
This is a decrease
owner(s) or 4.69% in the last quarter.
Average portfolio weight of all funds dedicated to HONE is 0.08%,
Total shares owned by institutions decreased
in the last three months by 1.88% to 32,090K shares.
The put/call ratio of HONE is 0.12, indicating a
What are Large Shareholders Doing?
T. Rowe Price Investment Management
holds 4,905K shares
representing 10.87% ownership of the company.
In it’s prior filing, the firm reported owning 4,915K shares, representing
its portfolio allocation in HONE by 0.73% over the last quarter.
holds 3,062K shares
representing 6.78% ownership of the company.
In it’s prior filing, the firm reported owning 3,145K shares, representing
its portfolio allocation in HONE by 6.26% over the last quarter.
PRSVX – T. Rowe Price Small-Cap Value Fund
holds 3,052K shares
representing 6.76% ownership of the company.
In it’s prior filing, the firm reported owning 3,057K shares, representing
its portfolio allocation in HONE by 1.11% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 1,369K shares
representing 3.03% ownership of the company.
No change in the last quarter.
IWM – iShares Russell 2000 ETF
holds 1,092K shares
representing 2.42% ownership of the company.
In it’s prior filing, the firm reported owning 1,000K shares, representing
its portfolio allocation in HONE by 2.38% over the last quarter.
HarborOne Bancorp Background Information
(This description is provided by the company.)
HarborOne Bancorp, Inc. is the holding company for HarborOne Bank, a Massachusetts-chartered savings bank. HarborOne Bank serves the financial needs of consumers, businesses, and municipalities throughout Eastern Massachusetts and Rhode Island through a network of 26 full-service branches located in Massachusetts and Rhode Island, and a commercial lending office in each of Boston, Massachusetts and Providence, Rhode Island. The Bank also provides a range of educational services through ‘HarborOne U,’ with classes on small business, financial literacy and personal enrichment at two campuses located adjacent to its Brockton and Mansfield locations. HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, is a full-service mortgage lender with more than 30 offices in Massachusetts, Rhode Island, New Hampshire, Maine, New Jersey and Florida and is licensed to lend in four additional states.
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