- Economic recovery in Massachusetts and plans to expand the team will likely drive loan growth in the year ahead.
- Repricing of certificates of deposits will likely ease the pressure on the net interest margin in a low-interest-rate environment.
- HONE derives a large part of its revenues from mortgage refinance activity. The eventual normalization of refinancing activity will hurt earnings.
- The December 2021 target price suggests a small downside from the current market price. HONE is offering a low dividend yield.
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HarborOne Bancorp: Positive Earnings Outlook But Stock Price Appears High