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Upturn AI SWOT - About
HONE 
HarborOne Bancorp Inc (HONE)
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Upturn Advisory Summary
04/01/2025: HONE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -5.09% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 457.59M USD | Price to earnings Ratio 15.71 | 1Y Target Price 13 |
Price to earnings Ratio 15.71 | 1Y Target Price 13 | ||
Volume (30-day avg) 153503 | Beta 0.74 | 52 Weeks Range 8.97 - 13.82 | Updated Date 04/1/2025 |
52 Weeks Range 8.97 - 13.82 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 3.47% | Basic EPS (TTM) 0.66 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.68% | Operating Margin (TTM) 27.25% |
Management Effectiveness
Return on Assets (TTM) 0.48% | Return on Equity (TTM) 4.73% |
Valuation
Trailing PE 15.71 | Forward PE 12.36 | Enterprise Value 757854592 | Price to Sales(TTM) 2.79 |
Enterprise Value 757854592 | Price to Sales(TTM) 2.79 | ||
Enterprise Value to Revenue 5.76 | Enterprise Value to EBITDA - | Shares Outstanding 43497600 | Shares Floating 37934734 |
Shares Outstanding 43497600 | Shares Floating 37934734 | ||
Percent Insiders 13.18 | Percent Institutions 59.69 |
Analyst Ratings
Rating 3.5 | Target Price 14 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
HarborOne Bancorp Inc
Company Overview
History and Background
HarborOne Bancorp, Inc. was founded in 1917 as Brockton Credit Union. It converted to a savings bank in 1983 and a stock holding company in 2016. The company has grown organically and through acquisitions, expanding its services and geographic reach.
Core Business Areas
- Commercial Banking: Provides commercial lending, deposit accounts, and treasury management services to businesses.
- Retail Banking: Offers personal banking services including checking and savings accounts, mortgages, and consumer loans.
- Investment Services: Provides investment advisory and wealth management services.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other key executives. The organizational structure includes various departments responsible for different business functions.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Commercial real estate loans are a significant part of HarborOne's lending portfolio. Market share data is not publicly available on a granular level, but HarborOne competes with national and regional banks like Bank of America (BAC) and Eastern Bank.
- Residential Mortgages: HarborOne offers various mortgage products to consumers. Competing for mortgages against Rocket Companies (RKT) and local credit unions. Market Share not publicly available
- Checking and Savings Accounts: Traditional banking services offered to consumer and businesses. Competition from digital banks such as Ally Financial (ALLY) and large banks like JPMorgan Chase (JPM). Market Share not publicly available.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges such as rising interest rates, increased competition from fintech companies, and evolving regulatory requirements. Regional banks are pressured to innovate and adapt.
Positioning
HarborOne positions itself as a community-focused bank with a strong emphasis on customer service. Its competitive advantages include its local market knowledge and established customer relationships.
Total Addressable Market (TAM)
The TAM for banking services in HarborOne's geographic area is substantial, measured in billions of dollars. HarborOne is well-positioned to capture a portion of this TAM through its branch network and online services.
Upturn SWOT Analysis
Strengths
- Strong local brand recognition
- Experienced management team
- Diversified product offerings
- Solid asset quality
Weaknesses
- Limited geographic reach compared to larger banks
- Reliance on traditional banking model
- Higher operating costs than fintech competitors
Opportunities
- Expansion into new markets through acquisitions or partnerships
- Increased adoption of digital banking services
- Growing demand for commercial lending in its service area
- Capitalizing on opportunities from larger bank failures
Threats
- Rising interest rates
- Increased competition from fintech companies
- Economic downturn
- Regulatory changes
Competitors and Market Share
Key Competitors
- Eastern Bankshares, Inc. (EBC)
- Independent Bank Corp. (INDB)
- Brookline Bancorp, Inc. (BRKL)
Competitive Landscape
HarborOne faces competition from larger regional banks and smaller community banks. It differentiates itself through its customer service and community involvement.
Major Acquisitions
Merrimack Mortgage Company
- Year: 2016
- Acquisition Price (USD millions): 54.4
- Strategic Rationale: Expand Mortgage originations.
Growth Trajectory and Initiatives
Historical Growth: HarborOne has experienced steady growth in its loan portfolio and deposit base over the past several years.
Future Projections: Analyst estimates suggest continued growth in revenue and earnings over the next few years. (need data from research reports)
Recent Initiatives: Recent initiatives include investments in digital banking technology and expansion into new geographic markets.
Summary
HarborOne Bancorp is a well-managed regional bank with a strong focus on customer service and community involvement. It has experienced consistent growth in recent years and is well-positioned for future expansion. However, it faces challenges such as increased competition from fintech companies and rising interest rates, which it must navigate to maintain its growth trajectory. It should also look at ways to decrease its operation cost.
Similar Companies
- EBC
- INDB
- BRKL
- WSBC
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Financial news sources
- Analyst reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data are estimates and may not be precise. Future performance is not guaranteed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About HarborOne Bancorp Inc
Exchange NASDAQ | Headquaters Brockton, MA, United States | ||
IPO Launch date 2016-06-30 | President, CEO & Director Mr. Joseph F. Casey | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 535 | Website https://www.harboronebancorp.com |
Full time employees 535 | Website https://www.harboronebancorp.com | ||
HarborOne Bancorp, Inc. provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. It offers deposit products that include checking, NOW, money market, savings, and sweep accounts, and term certificate of deposit accounts; and lending products comprise commercial real estate, commercial and Industrial, commercial construction, residential mortgages, home equity, and auto loans and personal lines of credit. The company also provides various educational services, such as free digital content, webinars, and recordings for small business and personal financial education under the HarborOne U name. The company operates through service branches and commercial lending offices in each of Boston, Massachusetts and Providence, and Rhode Island, as well as administrative office in Brockton and ATM locations in Massachusetts. HarborOne Bancorp, Inc. was founded in 1917 and is headquartered in Brockton, Massachusetts.
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