ChoiceOne Financial Services (NASDAQ: COFS – Get Rating) and HarborOne Bancorp (NASDAQ: HONE – Get Rating) are both small-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, dividends, risk, profitability, institutional ownership, valuation and analyst recommendations.
Analyst Ratings:
This is a breakdown of recent ratings and target prices for ChoiceOne Financial Services and HarborOne Bancorp, as provided by MarketBeat.com.
| Sell Ratings: | Hold Ratings: | Buy Ratings: | Strong Buy Ratings: | Rating Score: | |
| ChoiceOne Financial Services: | 0: | 0: | 0: | 0: | N / A: |
| HarborOne Bancorp: | 1: | 0: | 0: | 0: | 1.00: |
HarborOne Bancorp has a consensus target price of $ 15.50, suggesting a potential upside of 13.72%. Given HarborOne Bancorp’s higher probable upside, analysts clearly believe HarborOne Bancorp is more favorable than ChoiceOne Financial Services.
Dividends:
ChoiceOne Financial Services pays an annual dividend of $ 1.00 per share and has a dividend yield of 5.0%. HarborOne Bancorp pays an annual dividend of $ 0.28 per share and has a dividend yield of 2.1%. ChoiceOne Financial Services pays out 35.7% of its earnings in the form of a dividend. HarborOne Bancorp pays out 27.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. ChoiceOne Financial Services has increased its dividend for 11 consecutive years and HarborOne Bancorp has increased its dividend for 2 consecutive years. ChoiceOne Financial Services is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Institutional and Insider Ownership:
10.9% of ChoiceOne Financial Services shares are held by institutional investors. Comparatively, 57.4% of HarborOne Bancorp shares are held by institutional investors. 6.9% of ChoiceOne Financial Services shares are held by company insiders. Comparatively, 6.0% of HarborOne Bancorp shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Volatility & Risk:
ChoiceOne Financial Services has a beta of 0.72, meaning that its share price is 28% less volatile than the S&P 500. Comparatively, HarborOne Bancorp has a beta of 0.73, meaning that its share price is 27% less volatile than the S&P 500.
Profitability:
This table compares ChoiceOne Financial Services and HarborOne Bancorp’s net margins, return on equity and return on assets.
| Net Margins: | Return on Equity: | Return on Assets: | |
| ChoiceOne Financial Services: | 25.43% | 9.85% | 0.93% |
| HarborOne Bancorp: | 22.78% | 7.57% | 1.12% |
Valuation and Earnings:
This table compares ChoiceOne Financial Services and HarborOne Bancorp’s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue: | Price / Sales Ratio: | Net Income: | Earnings Per Share: | Price / Earnings Ratio: | |
| ChoiceOne Financial Services: | $ 83.81 million: | 1.77: | $ 22.04 million: | $ 2.80: | 7.09: |
| HarborOne Bancorp: | $ 244.58 million: | 2.86: | $ 58.52 million: | $ 1.01: | 13.50: |
HarborOne Bancorp has higher revenues and earnings than ChoiceOne Financial Services. ChoiceOne Financial Services is trading at a lower price-to-earnings ratio than HarborOne Bancorp, indicating that it is currently the most affordable of the two stocks.
Summary:
HarborOne Bancorp beats ChoiceOne Financial Services on 9 of the 15 factors compared between the two stocks.
ChoiceOne Financial Services Company Profile: (Get Rating)
ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial loans, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers safe deposit and automated transaction machine services; and alternative investment products, including annuities and mutual funds, as well as sells insurance policies, such as life and health for commercial and consumer clients. It operates 32 full-service offices in Kent, Muskegon, Newaygo, and Ottawa, Lapeer, Macomb, and St. Clair counties, Michigan. The company also operates three loan production offices. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.
HarborOne Bancorp Company Profile: (Get Rating)
HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans, including indirect automobile lease loans. The company also originates, sells, and services residential mortgage loans. In addition, it provides a range of educational services, such as classes on small business, financial literacy, and personal enrichment. As of December 31, 2021, the company operated through a network of 30 full-service branches located in Massachusetts and Rhode Island, as well as commercial lending offices in each of Boston, Massachusetts, and Providence, Rhode Island. It also had administrative offices in Brockton, Massachusetts, as well as 5 ATM locations in Massachusetts. The company was founded in 1917 and is based in Brockton, Massachusetts.
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