HarborOne Bancorp stock hits 52-week low at $9.13

Published 07/04/2025, 16:10
HarborOne Bancorp stock hits 52-week low at $9.13

HarborOne Bancorp Inc . (NASDAQ:HONE) stock has reached a new 52-week low, touching down at $9.13. According to InvestingPro data, technical indicators suggest the stock is in oversold territory, with a significant -22.28% decline over the past six months. This latest price point reflects a notable dip in the company's market valuation, which currently stands at $414.1 million. Despite the broader market's fluctuations, HarborOne trades at a P/E ratio of 14.89 and appears slightly undervalued according to InvestingPro's Fair Value analysis. This 52-week low serves as a critical marker for the company, as it navigates through the financial landscape, seeking to regain its footing and deliver value to its shareholders. InvestingPro subscribers can access 8 additional key insights and detailed financial metrics to better understand HONE's potential recovery trajectory.

In other recent news, HarborOne Bancorp announced a 12.5% increase in its quarterly cash dividend, raising it from $0.08 to $0.09 per share. This decision, approved by the company's Board of Directors, reflects HarborOne's solid earnings and successful business strategy execution. The revised dividend translates to an annual payout of $0.36 per common share. Shareholders on record by April 9, 2025, will receive the dividend on April 23, 2025. President and CEO Joseph F. Casey expressed satisfaction with the company's ability to enhance shareholder returns. The company's forward-looking statements emphasized potential risks, including economic changes and regulatory shifts. HarborOne Bancorp continues to operate a network of 30 full-service branches and commercial lending offices in Eastern Massachusetts and Rhode Island.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.