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HarborOne Bancorp Inc (HONE)
NASDAQ:HONE
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HarborOne Bancorp (HONE) AI Stock Analysis

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HONE

HarborOne Bancorp

(NASDAQ:HONE)

Rating:63Neutral
Price Target:
$12.50
▲(7.48% Upside)
HarborOne Bancorp's overall score reflects stable financial performance and fair valuation, but is tempered by neutral technical indicators and legal uncertainties surrounding its merger. The company's ability to manage these challenges and improve cash flow conversion will be critical for future performance.

HarborOne Bancorp (HONE) vs. SPDR S&P 500 ETF (SPY)

HarborOne Bancorp Business Overview & Revenue Model

Company DescriptionHarborOne Bancorp, Inc. (HONE) is a bank holding company headquartered in Brockton, Massachusetts. It operates primarily through its subsidiary, HarborOne Bank, which provides a range of financial services to individuals, families, and businesses. The bank offers a variety of banking products, including personal and business checking accounts, savings accounts, and certificates of deposit. Additionally, HarborOne provides residential and commercial lending solutions, as well as wealth management and insurance products. With a strong presence in the Massachusetts and Rhode Island regions, the company focuses on delivering personalized banking services to its customers.
How the Company Makes MoneyHarborOne Bancorp generates revenue through a variety of financial services and products offered to its customers. The primary sources of income include interest income from loans and investments, which constitutes a significant portion of the bank's revenue. This includes interest earned on residential mortgages, commercial real estate loans, and home equity loans. Additionally, the bank earns non-interest income through fees associated with deposit accounts, transaction services, and wealth management services. Another revenue stream comes from insurance commissions and fees. The company's strategic partnerships and local market presence help in attracting a diverse customer base, contributing to its overall earnings.

HarborOne Bancorp Financial Statement Overview

Summary
HarborOne Bancorp exhibits strong revenue growth and improved financial stability with no debt in 2024. However, challenges in maintaining consistent cash flow and slightly declining profitability metrics highlight areas for strategic focus.
Income Statement
72
Positive
HarborOne Bancorp has shown a commendable revenue growth rate of 66.1% from 2023 to 2024, coupled with a strong EBIT margin of 96.8% in 2024. Despite this, the net profit margin has slightly decreased from 9.8% in 2023 to 10.1% in 2024. The absence of EBITDA margin data for 2024 is a minor limitation in assessing overall operating performance.
Balance Sheet
65
Positive
The company maintains a solid equity ratio of 10% in 2024, reflecting a stable financial structure. The debt-to-equity ratio has improved significantly due to the absence of total debt in 2024. However, the return on equity (ROE) has slightly decreased to 4.8% in 2024, indicating room for improvement in generating returns on shareholder investments.
Cash Flow
58
Neutral
HarborOne Bancorp's cash flow analysis shows a substantial drop in operating cash flow from 2023 to 2024, leading to a 74.6% decrease in free cash flow. The free cash flow to net income ratio remains positive at 49.4% in 2024, indicating adequate cash generation relative to profits, though there are concerns about the sustainability of cash flow trends.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue167.94M163.44M202.53M224.53M223.93M
Gross Profit167.94M166.35M202.53M226.32M223.93M
EBITDA0.0020.63M56.60M70.24M48.05M
Net Income27.41M16.08M45.59M58.52M44.79M
Balance Sheet
Total Assets5.75B5.67B5.36B4.55B4.48B
Cash, Cash Equivalents and Short-Term Investments231.07M227.35M399.17M588.75M482.37M
Total Debt516.55M568.46M434.96M89.87M183.13M
Total Liabilities5.18B5.08B4.74B3.87B3.79B
Stockholders Equity575.01M583.76M616.98M679.26M696.31M
Cash Flow
Free Cash Flow2.60M49.03M66.63M217.84M-32.69M
Operating Cash Flow3.84M53.51M68.90M224.29M-26.95M
Investing Cash Flow-76.70M-196.71M-952.02M-241.05M-318.85M
Financing Cash Flow76.58M272.54M786.42M5.61M340.06M

HarborOne Bancorp Technical Analysis

Technical Analysis Sentiment
Negative
Last Price11.63
Price Trends
50DMA
11.68
Negative
100DMA
11.12
Positive
200DMA
11.51
Positive
Market Momentum
MACD
-0.02
Positive
RSI
42.73
Neutral
STOCH
19.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HONE, the sentiment is Negative. The current price of 11.63 is below the 20-day moving average (MA) of 12.00, below the 50-day MA of 11.68, and above the 200-day MA of 11.51, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.73 is Neutral, neither overbought nor oversold. The STOCH value of 19.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HONE.

HarborOne Bancorp Risk Analysis

HarborOne Bancorp disclosed 47 risk factors in its most recent earnings report. HarborOne Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

HarborOne Bancorp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$441.90M14.477.72%4.18%8.36%-2.24%
74
Outperform
$474.77M9.5617.02%1.16%6.99%12.46%
71
Outperform
$511.96M9.559.88%3.16%2.66%128.06%
68
Neutral
$494.30M17.577.44%88.14%0.09%
65
Neutral
kr125.18B19.947.06%4.05%7.79%-20.13%
63
Neutral
$504.09M18.034.56%2.92%5.00%72.45%
48
Neutral
$417.70M-9.79%0.20%-1.29%-1023.82%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HONE
HarborOne Bancorp
11.63
-0.18
-1.52%
AROW
Arrow Financial
26.55
0.01
0.04%
SHBI
Shore Bancshares
15.18
2.73
21.93%
UNTY
Unity Bancorp
46.48
15.76
51.30%
FFWM
First Foundation
4.90
-0.95
-16.24%
BCAL
Southern California Bancorp
15.18
0.82
5.71%

HarborOne Bancorp Corporate Events

M&A TransactionsLegal Proceedings
HarborOne Bancorp Faces Legal Challenges in Merger
Negative
Aug 6, 2025

On April 24, 2025, HarborOne Bancorp, Inc. announced a merger agreement with Eastern Bankshares, Inc., where Eastern will acquire HarborOne and its subsidiary, HarborOne Bank. The merger has faced legal challenges, with shareholders alleging insufficient disclosures in the proxy statement, leading to lawsuits and demand letters. HarborOne and Eastern have denied these allegations but have issued supplemental disclosures to address the claims and avoid delays in the merger process. The outcome of these legal proceedings remains uncertain, but the companies are committed to proceeding with the merger as planned.

The most recent analyst rating on (HONE) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on HarborOne Bancorp stock, see the HONE Stock Forecast page.

M&A TransactionsDividends
HarborOne Bancorp Announces Quarterly Cash Dividend
Neutral
Jul 31, 2025

On July 31, 2025, HarborOne Bancorp, Inc. announced a quarterly cash dividend of $0.09 per share, payable on September 15, 2025, to shareholders recorded by September 3, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders amidst a backdrop of significant economic and operational challenges, including a pending merger with Eastern Bankshares, Inc., and various market risks.

The most recent analyst rating on (HONE) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on HarborOne Bancorp stock, see the HONE Stock Forecast page.

M&A TransactionsStock BuybackFinancial Disclosures
HarborOne Bancorp Reports Q2 Income Surge Amid Merger
Positive
Jul 24, 2025

HarborOne Bancorp, Inc. reported a significant increase in net income for the second quarter of 2025, with earnings rising to $8.1 million, a 46.5% increase from the previous quarter. The company also announced a merger with Eastern Bankshares, Inc., which has led to the suspension of its share repurchase program. Despite a decrease in total assets and deposits, the company experienced growth in noninterest income, driven by higher mortgage banking income and deposit fees, while managing expenses effectively. The merger is expected to enhance HarborOne’s market position, although it incurred $1.7 million in merger-related expenses during the quarter.

The most recent analyst rating on (HONE) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on HarborOne Bancorp stock, see the HONE Stock Forecast page.

M&A TransactionsDividends
HarborOne Bancorp Declares Quarterly Cash Dividend
Neutral
Jun 26, 2025

On June 26, 2025, HarborOne Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.09 per share, to be paid on July 23, 2025, to shareholders of record as of July 9, 2025. This decision reflects the company’s ongoing commitment to providing value to its shareholders and may impact its financial positioning and stakeholder relations, especially in light of the pending merger with Eastern Bankshares, Inc. and the various economic and operational risks outlined by the company.

The most recent analyst rating on (HONE) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on HarborOne Bancorp stock, see the HONE Stock Forecast page.

Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
HarborOne Bancorp Holds Annual Shareholders Meeting
Neutral
May 14, 2025

On May 13, 2025, HarborOne Bancorp, Inc. held its annual shareholders meeting where key decisions were made. Shareholders elected three Class III Directors, ratified the appointment of Crowe LLP as the independent public accounting firm for 2025, approved executive compensation on a non-binding basis, and endorsed the 2025 Equity Incentive Plan. These decisions reflect the company’s ongoing governance and strategic planning efforts.

The most recent analyst rating on (HONE) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on HarborOne Bancorp stock, see the HONE Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 07, 2025