Critical Analysis: HarborOne Bancorp (HONE) vs. Its Rivals

HarborOne Bancorp (NASDAQ: HONE) is one of 310 publicly-traded companies in the “Banks” industry, but how does it compare to its rivals? We will compare HarborOne Bancorp to related companies based on the strength of its dividends, institutional ownership, profitability, earnings, analyst recommendations, valuation and risk.


This table compares HarborOne Bancorp and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
HarborOne Bancorp 7.17% 3.43% 0.44%
HarborOne Bancorp Competitors 17.28% 7.36% 0.93%

Analyst Recommendations

This is a summary of current recommendations for HarborOne Bancorp and its rivals, as provided by

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HarborOne Bancorp 0 0 0 0 N/A
HarborOne Bancorp Competitors 2273 8716 8745 378 2.36

As a group, “Banks” companies have a potential downside of 2.42%. Given HarborOne Bancorp’s rivals higher possible upside, analysts plainly believe HarborOne Bancorp has less favorable growth aspects than its rivals.

Volatility & Risk

HarborOne Bancorp has a beta of -0.22, indicating that its stock price is 122% less volatile than the S&P 500. Comparatively, HarborOne Bancorp’s rivals have a beta of 0.77, indicating that their average stock price is 23% less volatile than the S&P 500.

Insider & Institutional Ownership

16.8% of HarborOne Bancorp shares are held by institutional investors. Comparatively, 51.7% of shares of all “Banks” companies are held by institutional investors. 1.3% of HarborOne Bancorp shares are held by company insiders. Comparatively, 10.4% of shares of all “Banks” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Earnings and Valuation

This table compares HarborOne Bancorp and its rivals revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
HarborOne Bancorp $144.82 million $10.38 million 58.21
HarborOne Bancorp Competitors $5.59 billion $772.66 million 393.76

HarborOne Bancorp’s rivals have higher revenue and earnings than HarborOne Bancorp. HarborOne Bancorp is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.


HarborOne Bancorp rivals 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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