
HarborOne Bancorp (HONE) Stock Forecast & Price Target
HarborOne Bancorp (HONE) Analyst Ratings
Bulls say
HarborOne Bancorp demonstrated a notable increase in its revenue structure, with fees contributing approximately 26% of total revenues, which is an improvement from about 24% in the prior quarter. The company's tangible equity to tangible assets (TCE/TA) ratio rose to 9.38%, reflecting a sequential increase of 23 basis points, indicating strengthened capital management. Additionally, tangible book value per share (TBVPS) saw a 2% growth to $12.09, while the core efficiency ratio improved by 7 percentage points quarter-over-quarter, signaling operational enhancements that could lead to improved profitability.
Bears say
HarborOne Bancorp has experienced a notable decline in both loan and deposit balances, with loans decreasing by approximately 2% and deposits by around 3% quarter over quarter. This downturn in loan activity is largely attributed to a significant reduction of $118.4 million in commercial real estate and construction loans, as the company prioritized payoffs over renewals in these sectors. Additionally, the company recorded a loan loss provision of $739,000, which fell short of expectations, indicating potential underperformance in managing credit risk.
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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