HarborOne Bancorp (HONE) AI Stock Analysis

• Market Cap: $521.64M
• Dividend Yield: 2.93%
• Average Volume (3M): 346.78K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.99
• Revenue Growth: 6.65%
• EPS Growth: 67.14%
• Country: US
• Employees: 516
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.14
• Shares Outstanding: 43,075,333
• 10 Day Avg. Volume: 308,954
• 30 Day Avg. Volume: 346,778
• PEG Ratio: -4.04
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 25.48
• Enterprise Value/Market Cap: 1.71
• Enterprise Value/Revenue: 1.36
• Enterprise Value/Gross Profit: 5.32
• Enterprise Value/Ebitda: 10.08
• 1Y Price Target: $13.33
• Price Target Upside: 9.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 69 Neutral
• Price Target: $12.50 ▲(2.29%Upside)

The overall score of 69 for HarborOne Bancorp reflects a stable financial position with strategic opportunities for growth. The most significant factors are the strong balance sheet and the positive strategic direction signaled by the merger with Eastern Bankshares. Technical analysis and valuation show moderate performance, while the lack of earnings call data limits insights into management's outlook.

HarborOne Bancorp Business Overview & Revenue Model

Company Description

HarborOne 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 Money

HarborOne 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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	167.94M	163.44M	202.53M	224.53M	223.93M
Gross Profit	167.94M	166.35M	202.53M	226.32M	223.93M
EBITDA	0.00	20.63M	56.60M	70.24M	48.05M
Net Income	27.41M	16.08M	45.59M	58.52M	44.79M
Balance Sheet
Total Assets	5.75B	5.67B	5.36B	4.55B	4.48B
Cash, Cash Equivalents and Short-Term Investments	231.07M	227.35M	399.17M	588.75M	482.37M
Total Debt	516.55M	568.46M	434.96M	89.87M	183.13M
Total Liabilities	5.18B	5.08B	4.74B	3.87B	3.79B
Stockholders Equity	575.01M	583.76M	616.98M	679.26M	696.31M
Cash Flow
Free Cash Flow	2.60M	49.03M	66.63M	217.84M	-32.69M
Operating Cash Flow	3.84M	53.51M	68.90M	224.29M	-26.95M
Investing Cash Flow	-76.70M	-196.71M	-952.02M	-241.05M	-318.85M
Financing Cash Flow	76.58M	272.54M	786.42M	5.61M	340.06M

HarborOne Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HONE, the sentiment is Positive. The current price of 12.22 is above the 20-day moving average (MA) of 11.58, above the 50-day MA of 11.50, and above the 200-day MA of 11.64, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 66.93 is Neutral, neither overbought nor oversold. The STOCH value of 91.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HONE.

HarborOne Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHBI	76 Outperform	$552.01M	11.14	9.27%	2.90%	15.26%	160.27%
AROW	75 Outperform	$456.57M	16.14	7.25%	4.09%	11.46%	-1.07%
UNTY	74 Outperform	$522.72M	12.22	15.17%	1.07%	6.99%	12.46%
HONE	69 Neutral	$521.64M	19.43	4.44%	2.93%	6.65%	67.14%
BCAL	66 Neutral	$532.54M	36.94	4.21%	―	60.34%	-62.91%
Sector *	61 Neutral	C$14.64B	6.10	22.26%	5.61%	27.38%	-22.40%
FFWM	52 Neutral	$452.30M	―	-8.68%	0.18%	3.61%	65.61%

HarborOne Bancorp Corporate Events

HarborOne Bancorp Declares Quarterly Cash Dividend

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.

HarborOne Bancorp Holds Annual Shareholders Meeting

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.

HarborOne Bancorp Announces Merger with Eastern Bankshares

On April 24, 2025, Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. announced a definitive merger agreement, where HarborOne will merge into Eastern in a stock and cash transaction valued at approximately $490 million. This merger aims to solidify Eastern’s position in Greater Boston and expand its reach into Rhode Island, with anticipated benefits including 16% earnings per share accretion and enhanced customer offerings. The merger, expected to close in the fourth quarter of 2025, is subject to regulatory approvals and HarborOne shareholder approval. The transaction is seen as a strategic fit with shared values and a focus on customer-centric banking, promising to deliver sustained value to shareholders.

HarborOne Bancorp Reports Q1 2025 Earnings Decline

On April 24, 2025, HarborOne Bancorp, Inc. reported a net income of $5.5 million for the first quarter of 2025, a 38.1% decrease from the previous quarter. This decline was primarily due to a reduction in mortgage banking income. Despite the decrease in net income, the company saw improvements in its net interest margin and an increase in deposits. The quarter also featured a 12.5% increase in the quarterly dividend and share repurchases, reflecting a strategic focus on shareholder value. The company faced challenges with a decline in noninterest income and a decrease in loan balances, but managed to improve its loans-to-deposits ratio and reduce borrowing costs.