HarborOne Bancorp
HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and middle-market businesses, and municipalities. The last earnings update was 73 days ago. More info.
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HONE Share Price and Events
7 Day Returns
1 Year Returns
HONE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| HarborOne Bancorp (HONE) | -1.3% | 1.7% | 3.7% | -1.4% | 43.6% | - |
| US Banks | -1.1% | 2.8% | -0.5% | -6.5% | 45.1% | 45.5% |
| US Market | -1.2% | 1.2% | 1.7% | 3.4% | 35.5% | 41.6% |
1 Year Return vs Industry and Market
- HONE outperformed the Banks industry which returned -6.5% over the past year.
- HONE underperformed the Market in United States of America which returned 3.4% over the past year.
HONE Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
HarborOne Bancorp
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for HarborOne Bancorp.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $10.86 * 2.9% |
$0.32 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $10.86 |
| Discount Rate (Cost of Equity) | See below | 8.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.6 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 21%) (67.3%)) |
0.942 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.94 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.942 * 5.96%) |
8.34% |
Discounted Cash Flow Calculation for NasdaqGS:HONE using Excess Returns Model Model
The calculations below outline how an intrinsic value for HarborOne Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (2.9% – 8.34%) * $10.86) |
$-0.59 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.59 / (8.34% - 2.73%) |
$-10.53 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $10.86 + $-10.53 |
$0.34 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $0.34 |
| Current discount | Discount to share price of
$18.72
= -1 x ($18.72 - $0.34) / $0.34 |
-5427.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of HarborOne Bancorp is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for HarborOne Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
HarborOne Bancorp's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.36 |
| NasdaqGS:HONE Share Price ** | NasdaqGS (2019-07-19) in USD | $18.72 |
| United States of America Banks Industry PE Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 12.73x |
| United States of America Market PE Ratio | Median Figure of 3,080 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of HarborOne Bancorp.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:HONE Share Price ÷ EPS (both in USD) = 18.72 ÷ 0.36 |
52.73x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- HarborOne Bancorp is overvalued based on earnings compared to the US Banks industry average.
- HarborOne Bancorp is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
HarborOne Bancorp's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 52.73x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
34.4%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 270 Publicly-Listed Banks Companies | 1.19x |
| United States of America Market PEG Ratio | Median Figure of 2,119 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 52.73x ÷ 34.4% |
1.53x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- HarborOne Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
HarborOne Bancorp's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $11.52 |
| NasdaqGS:HONE Share Price * | NasdaqGS (2019-07-19) in USD | $18.72 |
| United States of America Banks Industry PB Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:HONE Share Price ÷ Book Value per Share (both in USD) = 18.72 ÷ 11.52 |
1.63x |
* Primary Listing of HarborOne Bancorp.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- HarborOne Bancorp is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess HarborOne Bancorp's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) HarborOne Bancorp has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
HONE Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- HarborOne Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- HarborOne Bancorp's earnings growth is expected to exceed the United States of America market average.
- HarborOne Bancorp's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:HONE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 34.4% |
| NasdaqGS:HONE Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | -9.5% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 1.9% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 113 | 19 | 2 | |
| 2019-12-31 | 105 | 12 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 139 | 53 | 11 |
| 2018-12-31 | 134 | 61 | 11 |
| 2018-09-30 | 129 | 76 | 13 |
| 2018-06-30 | 128 | 44 | 10 |
| 2018-03-31 | 127 | 42 | 10 |
| 2017-12-31 | 125 | 44 | 10 |
| 2017-09-30 | 128 | 38 | 12 |
| 2017-06-30 | 130 | 27 | 12 |
| 2017-03-31 | 128 | 33 | 9 |
| 2016-12-31 | 124 | -4 | 6 |
| 2016-09-30 | 116 | 13 | 5 |
| 2016-06-30 | 109 | 14 | 3 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from HarborOne Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.61 | 0.81 | 0.41 | 2.00 |
| 2019-12-31 | 0.39 | 0.39 | 0.39 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.36 |
| 2018-12-31 | 0.36 |
| 2018-09-30 | 0.41 |
| 2018-06-30 | 0.31 |
| 2018-03-31 | 0.32 |
| 2017-12-31 | 0.33 |
| 2017-09-30 | 0.37 |
| 2017-06-30 | 0.40 |
| 2017-03-31 | 0.28 |
| 2016-12-31 | 0.19 |
| 2016-09-30 | 0.15 |
| 2016-06-30 | 0.10 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if HarborOne Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess HarborOne Bancorp's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
HarborOne Bancorp has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
HONE Past Performance
How has HarborOne Bancorp performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- HarborOne Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
- HarborOne Bancorp's 1-year earnings growth is less than its 5-year average (13.3% vs 29.8%)
- HarborOne Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (13.3% vs 38.2%).
Earnings and Revenue History
All data from HarborOne Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 138.65 | 11.21 | 103.55 | |
| 2018-12-31 | 134.30 | 11.39 | 99.23 | |
| 2018-09-30 | 128.99 | 12.88 | 96.28 | |
| 2018-06-30 | 127.83 | 9.79 | 96.87 | |
| 2018-03-31 | 127.31 | 9.90 | 95.64 | |
| 2017-12-31 | 125.27 | 10.38 | 93.31 | |
| 2017-09-30 | 128.02 | 11.72 | 93.22 | |
| 2017-06-30 | 130.11 | 12.44 | 92.90 | |
| 2017-03-31 | 127.80 | 8.54 | 91.74 | |
| 2016-12-31 | 123.93 | 5.93 | 91.76 | |
| 2016-09-30 | 116.39 | 4.54 | 87.75 | |
| 2016-06-30 | 108.84 | 3.23 | 83.59 | |
| 2016-03-31 | 95.06 | 4.97 | 74.26 | |
| 2015-12-31 | 86.34 | 5.77 | 65.35 | |
| 2014-12-31 | 58.22 | 2.57 | 45.94 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- HarborOne Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- HarborOne Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if HarborOne Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess HarborOne Bancorp's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
HarborOne Bancorp has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
HONE Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from HarborOne Bancorp Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 363.45 | 396.47 | 105.01 |
| 2018-12-31 | 357.57 | 557.56 | 103.98 |
| 2018-09-30 | 353.35 | 269.82 | 101.49 |
| 2018-06-30 | 348.58 | 292.35 | 138.66 |
| 2018-03-31 | 344.86 | 230.23 | 112.22 |
| 2017-12-31 | 343.48 | 292.64 | 81.74 |
| 2017-09-30 | 340.60 | 279.07 | 99.22 |
| 2017-06-30 | 336.64 | 265.82 | 104.05 |
| 2017-03-31 | 332.74 | 276.19 | 104.75 |
| 2016-12-31 | 329.38 | 275.94 | 49.59 |
| 2016-09-30 | 327.91 | 250.34 | 27.28 |
| 2016-06-30 | 324.29 | 201.46 | 38.74 |
| 2016-03-31 | 191.88 | 273.15 | 119.75 |
| 2015-12-31 | 190.69 | 250.91 | 41.84 |
| 2014-12-31 | 183.46 | 329.65 | 51.07 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- HarborOne Bancorp has an acceptable proportion of non-loan assets held.
- HarborOne Bancorp's liabilities are made up of primarily low risk sources of funding.
- Loans at HarborOne Bancorp are broadly funded by customer deposits.
- HarborOne Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- HarborOne Bancorp has a sufficient allowance for bad loans.
- HarborOne Bancorp has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess HarborOne Bancorp's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) HarborOne Bancorp has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
HONE Dividends
What is HarborOne Bancorp's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
HarborOne Bancorp
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate HarborOne Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate HarborOne Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 479 Stocks | 3.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2016 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as HarborOne Bancorp has not reported any payouts.
- Unable to verify if HarborOne Bancorp's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess HarborOne Bancorp's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can HarborOne Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) HarborOne Bancorp has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
HONE Management
CEO
| COMPENSATION | $1,787,571 |
| AGE | 68 |
| TENURE AS CEO | 3.5 years |
CEO Bio
Mr. James W. Blake, also known as Jim, has been the Chief Executive Officer of HarborOne Bancorp, Inc. since 2016 and HarborOne Bank (formerly Harborone Credit Union) since 1995 and served as the President from 1995 to May 10, 2018. He serves as Secretary of HarborOne Bancorp. Mr. Blake serves as Clerk of HarborOne Bancorp Inc. (MHC). He served as President of HarborOne Bancorp, Inc. and HarborOne Bank from 1995 to February 23, 2017. He served as Chief Operating Officer of HarborOne Bank from 1993 to 1994. Prior to joining HarborOne Bank, Mr. Blake served as Senior Vice President of Retail Banking and Marketing at Mechanics Bank in Worcester, Massachusetts, from 1986 to 1993. Mr. Blake has served on the Community Depository Institutions Advisory Council of the Federal Reserve Bank of Boston. Since 2011, he has served on the Signature Healthcare Executive Business Council and the YMCA Foundation. He has been a Director of Massachusetts Development Finance Agency since October 2016. He has been a Director of Harborone Bancorp, Inc. and HarborOne Bank since 1995. He has been a Director of the Connecticut Online Computer Center since 2003. He also served on the board of the Massachusetts Credit Union League, from 1998 to 2012.
CEO Compensation
- Jim's compensation has been consistent with company performance over the past year, both up more than 20%.
- Jim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the HarborOne Bancorp management team in years:
- The average tenure for the HarborOne Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Jim Blake
CEO, Secretary
$2M
68
3.5 yrs
Joe Casey
President
$1M
58
1.2 yrs
Linda Simmons
Senior VP & CFO
59
1.2 yrs
Jackie Mayo
Branch Administration Officer
9.3 yrs
Andrea Carinci
Vice President of Compliance
David Tryder
Senior VP & Chief Marketing Officer
53
5.5 yrs
Andy Puga
Business Solutions and Development Officer
5 yrs
Patricia Williams
Senior VP & Human Resources Officer
59
Leo Donahue
Senior Vice President of Retail Officer
70
12.5 yrs
Christopher Gibbons
Senior Vice President of Consumer Lending
67
20.5 yrs
Board of Directors Tenure
Average tenure and age of the HarborOne Bancorp board of directors in years:
- The tenure for the HarborOne Bancorp board of directors is about average.
Board of Directors
Michael Sullivan
Chairman of the Board
$73K
64
1.2 yrs
Jim Blake
CEO, Secretary
$2M
68
24.5 yrs
Joe Casey
President
$1M
58
2.4 yrs
Wallace Peckham
Director
$71K
76
38.5 yrs
David Frenette
Director
$85K
64
12.5 yrs
Gordon Jezard
Director
$71K
84
36.5 yrs
Barry Koretz
Director
$82K
74
32.5 yrs
Joseph Barry
Director
$75K
78
3.5 yrs
Timothy Lynch
Director
$70K
64
1.5 yrs
Bill Payne
Director
$71K
62
2.3 yrs
Who owns this company?
Recent Insider Trading
- HarborOne Bancorp individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. May 19 | Sell | Wallace Peckham | Individual | 09. May 19 | 09. May 19 | -4,000 | $18.69 | $-74,770 | ||
| 16. Jan 19 | Buy | Damian Wilmot | Individual | 14. Jan 19 | 14. Jan 19 | 100 | $15.81 | $1,581 | ||
| 08. Sep 18 | Sell | David Tryder | Individual | 05. Sep 18 | 05. Sep 18 | -3,400 | $19.68 | $-66,899 | ||
| 06. Sep 18 | Sell | Christopher Gibbons | Individual | 05. Sep 18 | 05. Sep 18 | -3,418 | $19.60 | $-66,993 | ||
Management checks
We assess HarborOne Bancorp's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) HarborOne Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
HONE News
Simply Wall St News
What You Should Know About HarborOne Bancorp, Inc.’s (NASDAQ:HONE) Risks
As a small-cap bank with a market capitalisation of US$544m, HarborOne Bancorp, Inc.’s (NASDAQ:HONE) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off HarborOne Bancorp’s bottom line. … Today we will analyse HarborOne Bancorp’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.
Simply Wall St - – Full articleCould HarborOne Bancorp, Inc.'s (NASDAQ:HONE) Investor Composition Influence The Stock Price?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … It has a market capitalization of US$509m, which means it wouldn't have the attention of many institutional investors.
Simply Wall St - – Full articleDon't Sell HarborOne Bancorp, Inc. (NASDAQ:HONE) Before You Read This
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleAre You Considering All The Risks For HarborOne Bancorp, Inc.’s (NASDAQ:HONE)?
Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting HarborOne Bancorp’s bottom line. … Check out our latest analysis for HarborOne Bancorp
Simply Wall St - – Full articleUnderstated Factors To Consider Before Investing In HarborOne Bancorp Inc (NASDAQ:HONE)
HarborOne Bancorp Inc’s (NASDAQ:HONE) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$562m. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like HarborOne Bancorp to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place HarborOne Bancorp in a safe position in the face of adverse headwinds.
Simply Wall St - – Full articleShould You Be Tempted To Sell HarborOne Bancorp Inc (NASDAQ:HONE) At Its Current PE Ratio?
I am writing today to help inform people who are new to the stock market. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio
Simply Wall St - – Full articleWhy HarborOne Bancorp Inc's (NASDAQ:HONE) ROE Of 2.87% Does Not Tell The Whole Story
and want to learn about Return on Equity using a real-life example. … HarborOne Bancorp Inc’s (NASDAQ:HONE) most recent return on equity was a substandard 2.87% relative to its industry performance of 8.45% over the past year. … Knowing these components could change your view on HONE’s performance.
Simply Wall St - – Full articleRisk Factors To Consider Before Investing In HarborOne Bancorp Inc (NASDAQ:HONE)
As a small-cap bank with a market capitalisation of US$595.71m, HarborOne Bancorp Inc’s (NASDAQ:HONE) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off HarborOne Bancorp’s bottom line. … Today we will analyse HarborOne Bancorp’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.
Simply Wall St - – Full articleHONE Company Info
Description
HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and middle-market businesses, and municipalities. The company operates through two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise one-to four-family residential, second mortgages and lines of credit, residential construction, commercial real estate and construction, and commercial loans, as well as consumer loans, including indirect automobile lease loans. The company, through HarborOne Mortgage, LLC, originates, sells, and services residential mortgage loans. It also provides a range of educational services through HarborOne U, such as classes on small business, financial literacy, and personal enrichment. As of March 5, 2019, the company operated 24 full-service branches located in Massachusetts and Rhode Island; and one limited-service bank office, as well as a commercial lending office in each of Boston, Massachusetts, and Providence, Rhode Island. It also operates administrative offices in Brockton, Massachusetts, and Warwick, Rhode Island, as well as 5 ATM locations; and 34 mortgage offices in Massachusetts, Rhode Island, New Hampshire, Maine, and New Jersey. The company was founded in 1917 and is based in Brockton, Massachusetts. HarborOne Bancorp, Inc. is a subsidiary of Harborone Mutual Bancshares.
Details
| Name: | HarborOne Bancorp, Inc. |
| HONE | |
| Exchange: | NasdaqGS |
| Founded: | 1917 |
| $589,073,827 | |
| 31,467,619 | |
| Website: | http://www.harborone.com |
| Address: |
HarborOne Bancorp, Inc. 770 Oak Street, Brockton, Massachusetts, 02301, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | HONE | Share Capital | Nasdaq Global Select | US | USD | 30. Jun 2016 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/21 01:25 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/05/09 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
