Critical Review: HarborOne Bancorp (HONE) vs. Its Competitors
HarborOne Bancorp (NASDAQ: HONE) is one of 310 publicly-traded companies in the “Banks” industry, but how does it contrast to its competitors? We will compare HarborOne Bancorp to related companies based on the strength of its dividends, risk, analyst recommendations, institutional ownership, valuation, earnings and profitability.
Volatility & Risk
HarborOne Bancorp has a beta of -0.22, meaning that its share price is 122% less volatile than the S&P 500. Comparatively, HarborOne Bancorp’s competitors have a beta of 0.77, meaning that their average share price is 23% less volatile than the S&P 500.
16.8% of HarborOne Bancorp shares are owned by institutional investors. Comparatively, 51.7% 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 hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
This is a breakdown of current ratings and price targets for HarborOne Bancorp and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|HarborOne Bancorp Competitors||2518||8895||8854||380||2.34|
As a group, “Banks” companies have a potential upside of 5.25%. Given HarborOne Bancorp’s competitors higher probable upside, analysts clearly believe HarborOne Bancorp has less favorable growth aspects than its competitors.
Earnings & Valuation
This table compares HarborOne Bancorp and its competitors revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|HarborOne Bancorp||$144.82 million||$10.38 million||55.30|
|HarborOne Bancorp Competitors||$5.59 billion||$772.66 million||379.97|
HarborOne Bancorp’s competitors have higher revenue and earnings than HarborOne Bancorp. HarborOne Bancorp is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This table compares HarborOne Bancorp and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|HarborOne Bancorp Competitors||17.28%||8.32%||0.93%|
HarborOne Bancorp competitors beat HarborOne Bancorp on 10 of the 10 factors compared.
About HarborOne Bancorp
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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