Critical Review: HarborOne Bancorp (HONE) and The Competition
HarborOne Bancorp (NASDAQ: HONE) is one of 308 publicly-traded companies in the “Banks” industry, but how does it contrast to its rivals? We will compare HarborOne Bancorp to related companies based on the strength of its dividends, institutional ownership, valuation, profitability, risk, analyst recommendations and earnings.
This is a summary of recent ratings and recommmendations for HarborOne Bancorp and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|HarborOne Bancorp Competitors||2485||9040||8937||378||2.35|
Insider & Institutional Ownership
16.7% of HarborOne Bancorp shares are owned by institutional investors. Comparatively, 51.9% of shares of all “Banks” companies are owned by institutional investors. 1.3% of HarborOne Bancorp shares are owned by insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Volatility and Risk
HarborOne Bancorp has a beta of -0.22, indicating that its share price is 122% less volatile than the S&P 500. Comparatively, HarborOne Bancorp’s rivals have a beta of 0.76, indicating that their average share price is 24% less volatile than the S&P 500.
Valuation & Earnings
This table compares HarborOne Bancorp and its rivals top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|HarborOne Bancorp||$144.82 million||$10.38 million||55.42|
|HarborOne Bancorp Competitors||$5.58 billion||$764.07 million||62.13|
HarborOne Bancorp’s rivals have higher revenue and earnings than HarborOne Bancorp. HarborOne Bancorp is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
This table compares HarborOne Bancorp and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|HarborOne Bancorp Competitors||17.45%||8.42%||0.95%|
HarborOne Bancorp rivals beat HarborOne Bancorp on 10 of the 10 factors compared.
HarborOne Bancorp Company Profile
HarborOne Bancorp, Inc. is a mid-tier stock holding company. The Company’s principal subsidiary is HarborOne Bank (the Bank), a state chartered co-operative bank whose primary subsidiary is a residential mortgage company, Merrimack Mortgage Company, LLC (Merrimack Mortgage). The Company operates through two segments: HarborOne Bank and Merrimack Mortgage. The Bank segment provides consumer and business banking products and services to customers. Consumer products include loan and deposit products, and business banking products include loans for working capital, inventory and general corporate use, commercial real estate construction loans and deposit accounts. The Merrimack Mortgage segment consists of originating residential mortgage loans primarily for sale in the secondary market. The Company’s subsidiary, Legion Parkway Company LLC, is a security company.
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