HarborOne Bancorp (HONE) AI Stock Analysis

• Market Cap: $522.22M
• Dividend Yield: 2.89%
• Average Volume (3M): 485.90K
• Price to Earnings (P/E): 18.7
• Beta (1Y): 1.02
• Revenue Growth: 5.00%
• EPS Growth: 72.45%
• Country: US
• Employees: 516
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): N/A
• Shares Outstanding: 43,158,596
• 10 Day Avg. Volume: 680,900
• 30 Day Avg. Volume: 485,901
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.69
• Enterprise Value/Revenue: 2.86
• Enterprise Value/Gross Profit: 5.51
• Enterprise Value/Ebitda: 23.75
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: $14.00 ▲(15.70% Upside)

HarborOne Bancorp's overall stock score is driven by its stable financial position and operational efficiency, despite some profitability concerns. Technical analysis shows mixed signals, with some potential for upward momentum. The valuation is moderate, offering a reasonable dividend yield but not indicating significant undervaluation. The absence of earnings call data and corporate events limits additional insights.

HarborOne Bancorp Business Overview & Revenue Model

Company Description

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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans, including indirect automobile lease loans. The company also originates, sells, and services residential mortgage loans. In addition, it provides a range of educational services, such as classes on small business, financial literacy, and personal enrichment. As of December 31, 2021, the company operated through a network of 30 full-service branches located in Massachusetts and Rhode Island, as well as commercial lending offices in each of Boston, Massachusetts, and Providence, Rhode Island. It also had administrative offices in Brockton, Massachusetts, as well as 5 ATM locations in Massachusetts. The company was founded in 1917 and is based in Brockton, Massachusetts.

How the Company Makes Money

HarborOne Bancorp generates revenue primarily through interest income from loans and mortgages, which constitutes a significant portion of its earnings. The company earns interest on various types of loans, including residential and commercial real estate loans, as well as consumer loans. Additionally, HarborOne derives income from fees associated with deposit accounts, transaction services, and other banking products. The bank also benefits from non-interest income generated through service fees, investment management, and wealth management services. Strategic partnerships with local businesses and a focus on community banking further enhance its revenue streams by fostering customer loyalty and increasing deposit base.

HarborOne Bancorp Financial Statement Overview

Summary

HarborOne Bancorp shows stable financial performance with a strong gross profit margin of 50.9% but stagnant revenue growth. The balance sheet is solid with a conservative debt-to-equity ratio of 0.69. Cash flow management needs improvement, as indicated by a low operating cash flow to net income ratio of 0.48.

Income Statement

HarborOne Bancorp's income statement reflects a modest performance. The TTM shows a gross profit margin of 50.9%, which is strong. However, the net profit margin is 8.3%, indicating room for improvement in cost management or revenue growth. Revenue growth is stagnant, with a slight decrease in the latest TTM compared to the previous year, highlighting a need for strategic initiatives to drive sales. The EBIT margin is 10.2%, and the EBITDA margin is 11.6%, both indicating stable operational efficiency.

Balance Sheet

The balance sheet of HarborOne Bancorp indicates a solid financial position. The debt-to-equity ratio stands at 0.69, reflecting a conservative leverage approach which is favorable for stability. The return on equity (ROE) is 4.4%, suggesting moderate profitability relative to shareholder equity. The equity ratio is 10.1%, indicating a modest level of equity financing relative to total assets. This structure supports potential growth while maintaining financial stability.

Cash Flow

The cash flow statement shows mixed performance. There is a significant increase in free cash flow compared to the previous period, resulting in a high free cash flow growth rate. However, the operating cash flow to net income ratio is low at 0.48, signaling that the company might face challenges in converting profits into cash. The free cash flow to net income ratio is 0.43, underscoring a need to enhance cash flow generation relative to net earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	308.19M	313.70M	283.37M	225.48M	237.06M	275.55M
Gross Profit	160.04M	159.66M	160.67M	196.87M	231.79M	212.25M
EBITDA	37.15M	38.75M	29.73M	66.55M	86.07M	63.69M
Net Income	26.37M	27.41M	16.08M	45.59M	58.52M	44.79M
Balance Sheet
Total Assets	5.61B	5.75B	5.67B	5.36B	4.55B	4.48B
Cash, Cash Equivalents and Short-Term Investments	203.05M	494.98M	517.50M	399.17M	588.75M	482.37M
Total Debt	439.65M	516.55M	568.46M	434.96M	89.87M	183.13M
Total Liabilities	5.03B	5.18B	5.08B	4.74B	3.87B	3.79B
Stockholders Equity	580.15M	575.01M	583.76M	616.98M	679.26M	696.31M
Cash Flow
Free Cash Flow	45.53M	2.60M	49.03M	66.63M	217.84M	-32.69M
Operating Cash Flow	46.78M	3.84M	53.51M	68.90M	224.29M	-26.95M
Investing Cash Flow	97.83M	-76.70M	-196.71M	-952.02M	-241.05M	-318.85M
Financing Cash Flow	-176.63M	76.58M	272.54M	786.42M	5.61M	340.06M

HarborOne Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 12.1 is below the 20-day moving average (MA) of 13.43, below the 50-day MA of 13.26, and above the 200-day MA of 11.70, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 32.58 is Neutral, neither overbought nor oversold. The STOCH value of 6.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HONE.

HarborOne Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNTY	―	―	―	―	―	1.61%	38.81%
BCAL	―	$601.25M	9.53	11.93%	―	61.29%	―
ALRS	―	$550.85M	12.90	11.40%	3.88%	42.10%	1211.45%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SHBI	―	$521.65M	9.16	10.25%	3.07%	6.01%	38.05%
HONE	―	$522.22M	18.68	4.56%	2.89%	5.00%	72.45%
WASH	―	$521.79M	―	-4.73%	8.22%	-27.77%	-159.63%

HarborOne Bancorp Corporate Events

HarborOne Bancorp Announces Nasdaq Delisting Plan

On October 16, 2025, HarborOne Bancorp announced its plan to voluntarily delist its common stock from the Nasdaq Global Select Market, effective after trading ends on October 31, 2025, in anticipation of its merger with Eastern Bankshares, Inc. This merger, initially disclosed on April 24, 2025, will result in HarborOne merging into Eastern, with Eastern as the surviving entity. The merger is expected to be effective on November 1, 2025, and includes a process for HarborOne shareholders to elect their preferred form of merger consideration, either in stock, cash, or a combination of both.

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.

HarborOne Bancorp Approves Merger with Eastern Bankshares

On August 20, 2025, HarborOne Bancorp‘s shareholders approved a merger with Eastern Bankshares, Inc., where HarborOne will merge into Eastern, making Eastern the surviving entity. Additionally, shareholders approved a non-binding proposal for potential compensation to HarborOne’s executives related to the merger, while a proposal for meeting adjournment was not required.

The most recent analyst rating on (HONE) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on HarborOne Bancorp stock, see the HONE Stock Forecast page.

HarborOne Bancorp Faces Legal Challenges in Merger

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.

HarborOne Bancorp Announces Quarterly Cash Dividend

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.