HONE Stock Summary and Trading Ideas (Harborone Bancorp | NASDAQ:HONE)

HarborOne Bancorp Inc is a bank holding company. The company is engaged in providing financial services like accepting deposits, lending loans, online and mobile banking, cash management, credit cards, money market accounts, and wealth management. The Company has two reportable segments: HarborOne Bank and HarborOne Mortgage. The bank provides financial services to individuals and businesses online and through its full-service branches located in Massachusetts and Rhode Island, one limited-service branch, and a commercial lending office in each of Boston, Massachusetts and Providence, Rhode Island.

Harborone Bancorp trades on the NASDAQ stock market under the symbol HONE.

As of April 22, 2024, HONE stock price climbed to $9.77 with 156,914 million shares trading.

HONE has a beta of 0.76, meaning it tends to be less sensitive to market movements. HONE has a correlation of 0.05 to the broad based SPY ETF.

HONE has a market cap of $441.97 million. This is considered a Small Cap stock.

Last quarter Harborone Bancorp reported $39 million in Revenue and $.09 earnings per share. This beat revenue expectation by $8 million and missed earnings estimates by -$.06.

In the last 3 years, HONE stock traded as high as $15.57 and as low as $7.51.

The top ETF exchange traded funds that HONE belongs to (by Net Assets): VTI, IWM, VXF, IWN, DFAT.

HONE has underperformed the market in the last year with a return of -12.4%, while the SPY ETF gained +22.3%. In the last 3 month period, HONE fell short of the market, returning -14.3%, while SPY returned +3.9%. However, in the most recent 2 weeks HONE has outperformed the stock market by returning +0.9%, while SPY returned -3.6%.

HONE support price is $9.50 and resistance is $10.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HONE stock will trade within this expected range on the day.