
HarborOne Bancorp (HONE) Stock Forecast & Price Target
HarborOne Bancorp (HONE) Analyst Ratings
Bulls say
HarborOne Bancorp has demonstrated a positive financial trajectory, with an increase in the tangible common equity (TCE) ratio to 9.03%, reflecting strong capital stability. The company showed a significant rise in classified commercial loans, which surged from $1.7 million to $57.5 million, indicating robust loan demand and potential revenue growth. Additionally, the tangible book value per share increased by $0.15 to $11.63, underscoring the company's improving financial health and the upward trending net interest margin anticipated in future quarters.
Bears say
The financial analysis of HarborOne Bancorp indicates a concerning trend, particularly in the mortgage banking segment, where revenues in the second quarter of 2024 fell by approximately 2% below expectations and showed a significant 20% decline compared to the previous quarter. Additionally, despite a slight decrease in nonperforming assets to 0.17% of total assets, the bank has reported net losses in four out of the last five quarters, suggesting ongoing operational challenges. Furthermore, the anticipated headwinds in credit and mortgage banking, along with lowered earnings per share estimates for upcoming quarters, contribute to a negative outlook for the stock.
This aggregate rating is based on analysts' research of HarborOne Bancorp and is not a guaranteed prediction by Public.com or investment advice.
HarborOne Bancorp (HONE) Analyst Forecast & Price Prediction
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