Wed Sep 25 03:18:53 UTC 2024: ## HarborOne Bancorp Receives Mixed Signals from Analysts

**[City, State] –** HarborOne Bancorp (NASDAQ: HONE) has been the subject of differing opinions from analysts in recent weeks. While StockNews.com upgraded the financial services provider from a “sell” to a “hold” rating, Piper Sandler maintained a “neutral” rating but increased its price target to $14.00 from $11.50.

The positive analyst sentiment comes on the heels of a strong earnings report released on July 25th. HarborOne Bancorp beat expectations, reporting $0.18 earnings per share for the quarter, exceeding the consensus estimate of $0.16 by $0.02. The company also recorded $79.87 million in revenue, significantly surpassing analysts’ expectations of $42.43 million.

Despite the positive news, insider trading activity has raised some eyebrows. CMO David E. Tryder sold 13,000 shares of the company’s stock on September 10th for a total value of $162,240.00. This follows a period of increased institutional investor activity, with several firms modifying their holdings in HarborOne Bancorp.

**Institutional investors** have shown significant interest in the company, with large investors like nVerses Capital LLC, Quest Partners LLC, Price T Rowe Associates Inc. MD, Catalytic Wealth RIA LLC, and Hsbc Holdings PLC all making recent purchases or adjustments to their stakes in the company.

**HarborOne Bancorp**, based in [City, State], operates as the holding company for HarborOne Bank, providing financial services to a wide range of clients, including individuals, families, small and mid-sized businesses, and municipalities. The company’s two main segments, HarborOne Bank and HarborOne Mortgage, offer a variety of deposit and lending products.

**Analysts anticipate** that HarborOne Bancorp will post 0.7 earnings per share for the current fiscal year. The company’s performance will continue to be closely watched by analysts and investors alike, as the market grapples with the differing opinions surrounding the company’s future prospects.

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