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HarborOne Bancorp Inc (HONE)
NASDAQ:HONE

HarborOne Bancorp (HONE) AI Stock Analysis

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HarborOne Bancorp

(NASDAQ:HONE)

Rating:69Neutral
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 (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
Positive
Last Price12.22
Price Trends
50DMA
11.50
Positive
100DMA
11.01
Positive
200DMA
11.64
Positive
Market Momentum
MACD
0.23
Negative
RSI
66.93
Neutral
STOCH
91.95
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 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 (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
$552.01M11.149.27%2.90%15.26%160.27%
75
Outperform
$456.57M16.147.25%4.09%11.46%-1.07%
74
Outperform
$522.72M12.2215.17%1.07%6.99%12.46%
69
Neutral
$521.64M19.434.44%2.93%6.65%67.14%
66
Neutral
$532.54M36.944.21%60.34%-62.91%
61
Neutral
C$14.64B6.1022.26%5.61%27.38%-22.40%
52
Neutral
$452.30M-8.68%0.18%3.61%65.61%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HONE
HarborOne Bancorp
12.22
1.70
16.16%
AROW
Arrow Financial
27.65
2.87
11.58%
SHBI
Shore Bancshares
16.74
5.75
52.32%
UNTY
Unity Bancorp
52.31
25.27
93.45%
FFWM
First Foundation
5.53
0.39
7.59%
BCAL
Southern California Bancorp
16.41
2.89
21.38%

HarborOne Bancorp Corporate Events

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.

M&A TransactionsBusiness Operations and Strategy
HarborOne Bancorp Announces Merger with Eastern Bankshares
Positive
Apr 24, 2025

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.

Stock BuybackDividendsBusiness Operations and StrategyFinancial Disclosures
HarborOne Bancorp Reports Q1 2025 Earnings Decline
Negative
Apr 24, 2025

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.

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: Jun 24, 2025