HONE - HarborOne Bancorp Inc Stock Price, Fair Value and News

10.62USD+0.11 (+1.05%)Market Closed

Market Summary

USD10.62+0.11

Market Closed

1.05%

HONE Stock Price

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HONE RSI Chart

HONE Valuation

Market Cap

480.4M

Price/Earnings (Trailing)

29.88

Price/Sales (Trailing)

1.97

EV/EBITDA

1.62

Price/Free Cashflow

9.8

HONE Price/Sales (Trailing)

HONE Profitability

EBT Margin

10.29%

Return on Equity

2.75%

Return on Assets

0.28%

Free Cashflow Yield

10.21%

HONE Fundamentals

HONE Revenue

Revenue (TTM)

244.3M

Rev. Growth (Yr)

24.02%

Rev. Growth (Qtr)

1.93%

HONE Earnings

Earnings (TTM)

16.1M

Earnings Growth (Yr)

-174.25%

Earnings Growth (Qtr)

-184.53%

Breaking Down HONE Revenue

Last 7 days

3.5%

Last 30 days

6.4%

Last 90 days

-1.4%

How does HONE drawdown profile look like?

HONE Financial Health

Debt/Equity

0.81

Debt/Cashflow

0.11

HONE Investor Care

Dividend Yield

2.82%

Dividend/Share (TTM)

0.3

Buy Backs (1Y)

6.29%

Diluted EPS (TTM)

0.37

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	192.3M	213.2M	231.8M	244.3M
2022	143.7M	147.6M	156.4M	171.9M
2021	147.2M	146.5M	145.3M	143.9M
2020	154.9M	153.2M	150.6M	148.6M
2019	128.1M	140.1M	152.0M	154.8M
2018	96.6M	103.0M	109.4M	115.7M
2017	0	0	0	90.3M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of HarborOne Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 15, 2024	finocchio stephen w.	acquired	-	-	17,500	evp, chief financial officer
Mar 01, 2024	sullivan michael james	acquired	-	-	4,181	chairman of the board
Mar 01, 2024	stewart susan bugnacki	acquired	-	-	2,979	chief human resources officer
Mar 01, 2024	margulies anne h.	acquired	-	-	3,344	-
Mar 01, 2024	sanborn h. scott	acquired	74,232	10.18	7,292	evp, chief lending officer
Mar 01, 2024	wilmot damian w.	acquired	-	-	3,344	-
Mar 01, 2024	jezard gordon	acquired	-	-	3,344	-
Mar 01, 2024	berman mandy	acquired	-	-	3,344	-
Mar 01, 2024	levesque jean	sold (taxes)	-7,818	10.18	-768	fvp, interim cfo
Mar 01, 2024	tryder david e.	sold (taxes)	-23,281	10.18	-2,287	svp, chief marketing officer

Which funds bought or sold HONE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	unchanged	-	-33.00	267	-%
May 02, 2024	State of New Jersey Common Pension Fund D	added	17.02	115,800	2,922,450	0.01%
May 01, 2024	Harbor Advisors LLC	unchanged	-	-118,933	960,477	0.18%
May 01, 2024	Mirae Asset Global Investments Co., Ltd.	unchanged	-	2,113	232,225	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Apr 30, 2024	GPS Wealth Strategies Group, LLC	unchanged	-	-776	6,268	-%
Apr 30, 2024	Avior Wealth Management, LLC	new	-	95.00	95.00	-%
Apr 29, 2024	COMMONWEALTH EQUITY SERVICES, LLC	reduced	-2.37	-21,000	133,000	-%
Apr 26, 2024	Coastline Trust Co	sold off	-100	-130,546	-	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	unchanged	-	-19,511	157,565	-%

Are Funds Buying or Selling HONE?

Are funds buying HONE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HONE

No. of Funds

Unveiling HarborOne Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	6.0%	2,754,564	SC 13G/A
Feb 14, 2024	t. rowe price investment management, inc.	12.5%	5,735,315	SC 13G
Feb 13, 2024	vanguard group inc	5.10%	2,336,243	SC 13G
Jan 30, 2024	harborone bank employee stock ownership trust	9.78%	4,477,324	SC 13G/A
Jan 26, 2024	blackrock inc.	7.9%	3,612,646	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	9.6%	5,632,444	SC 13G/A
Feb 11, 2021	harborone bank employee stock ownership trust	7.98%	4,563,160	SC 13G/A
Feb 08, 2021	alliancebernstein l.p.	6.5%	3,785,837	SC 13G
Feb 02, 2021	blackrock inc.	7.3%	4,254,650	SC 13G

Recent SEC filings of HarborOne Bancorp Inc

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	8-K	Current Report
Apr 15, 2024	3	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 02, 2024	ARS	ARS
Apr 02, 2024	DEF 14A	DEF 14A
Apr 02, 2024	DEFA14A	DEFA14A
Mar 28, 2024	8-K	Current Report
Mar 28, 2024	8-K	Current Report
Mar 12, 2024	3/A	Insider Trading
Mar 07, 2024	10-K	Annual Report

Peers (Alternatives to HarborOne Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	547.1B	174.7B	-3.92%	42.05%	10.87	3.13	53.11%	19.83%
BAC	291.2B	127.4B	-0.53%	37.98%	11.64	2.29	44.27%	-12.56%
WFC	208.9B	85.8B	4.90%	63.21%	11.13	2.44	35.02%	26.14%
C	117.3B	125.0B	-0.29%	36.99%	14.68	0.94	37.85%	-
CFG	16.2B	10.2B	1.35%	42.41%	10.1	1.59	44.53%	-22.43%
KEY	14.1B	8.1B	-2.10%	67.08%	16.1	1.73	32.15%	-50.93%
MID-CAP
CMA	7.0B	4.2B	-1.32%	70.01%	10.12	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	2.66%	119.02%	9.51	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	6.52%	67.99%	12.78	2.69	43.24%	-22.35%
ASB	3.3B	1.8B	5.32%	45.11%	20.6	1.8	32.64%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	395.3M	152.4M	-5.17%	46.88%	39.76	2.59	16.94%	-73.84%
AROW	391.6M	162.6M	-0.59%	18.78%	13.02	2.41	25.39%	-38.37%
ACNB	282.2M	96.6M	-4.87%	20.96%	8.91	2.92	11.02%	-11.37%
ASRV	41.8M	60.9M	-2.01%	-14.98%	-12.5	0.69	24.06%	-144.92%

HarborOne Bancorp Inc News

Latest updates

HarborOne Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.9%	64.00	63.00	61.00	56.00	52.00	45.00	40.00	36.00	36.00	36.00	36.00	36.00	38.00	37.00	37.00	37.00	40.00	40.00	38.00	37.00	37.00
EBITDA Margin	-19.2%	0.64*	0.79*	0.93*	1.08*	1.25*	1.37*	1.39*	1.44*	1.50*	1.51*	1.48*	1.41*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.5%	30.00	31.00	32.00	34.00	39.00	39.00	37.00	33.00	34.00	33.00	33.00	32.00	33.00	31.00	29.00	27.00	28.00	28.00	27.00	26.00	27.00
Income Taxes	-26.2%	2.00	3.00	2.00	2.00	3.00	5.00	4.00	5.00	4.00	5.00	6.00	8.00	3.00	5.00	4.00	2.00	2.00	1.00	1.00	0.00	0.00
Earnings Before Taxes	-148.2%	-5.26	11.00	10.00	10.00	12.00	18.00	14.00	17.00	16.00	17.00	20.00	27.00	21.00	16.00	14.00	6.00	6.00	8.00	6.00	2.00	-
EBT Margin	-44.2%	0.10*	0.18*	0.24*	0.28*	0.36*	0.42*	0.44*	0.49*	0.56*	0.58*	0.57*	0.53*	-	-	-	-	-	-	-	-	-
Net Income	-184.5%	-7.11	8.00	7.00	7.00	10.00	14.00	10.00	12.00	13.00	12.00	14.00	19.00	18.00	12.00	11.00	5.00	4.00	7.00	5.00	2.00	0.00
Net Income Margin	-53.4%	0.07*	0.14*	0.18*	0.21*	0.27*	0.31*	0.32*	0.36*	0.41*	0.44*	0.43*	0.40*	-	-	-	-	-	-	-	-	-
Free Cashflow	-162.8%	-16.99	27.00	30.00	9.00	15.00	31.00	6.00	15.00	56.00	44.00	109	9.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.1%	5,668	5,664	5,659	5,573	5,360	4,988	4,704	4,591	4,553	4,567	4,616	4,606	4,484	4,428	4,465	4,101	4,059	3,949	3,737	3,656	3,653
Cash Equivalents	-7.9%	227	247	253	250	98.00	86.00	84.00	140	195	320	416	319	206	138	249	235	212	239	79.00	102	106
Net PPE	0.0%	49.00	49.00	49.00	49.00	49.00	49.00	49.00	50.00	51.00	50.00	52.00	51.00	50.00	49.00	48.00	48.00	48.00	57.00	-	-	57.00
Goodwill	-15.4%	59.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00	70.00
Liabilities	0.1%	5,084	5,080	5,064	4,973	4,743	4,376	4,080	3,942	3,874	3,887	3,911	3,908	3,787	3,734	3,780	3,426	3,393	3,289	-	-	3,296
Short Term Borrowings	-	303	-	-	425	385	330	90.00	-	-	-	-	-	35.00	95.00	200	104	183	60.00	-	-	290
Long Term Debt	-100.0%	-	475	605	166	401	16.00	16.00	56.00	56.00	56.00	87.00	97.00	114	141	141	181	171	211	-	-	230
LT Debt, Non Current	-100.0%	-	475	605	166	401	16.00	16.00	56.00	56.00	56.00	87.00	97.00	114	141	141	181	171	211	-	-	230
Shareholder's Equity	-0.1%	584	585	596	600	617	611	624	649	679	680	705	698	696	694	684	675	666	660	371	363	358
Retained Earnings	-2.8%	360	370	365	360	356	350	339	333	326	316	306	294	277	261	251	242	237	233	-	-	219
Additional Paid-In Capital	0.3%	487	485	485	484	483	481	480	477	470	469	467	466	464	464	463	462	460	459	-	-	152
Shares Outstanding	-1.1%	45.00	46.00	47.00	47.00	49.00	47.00	47.00	48.00	51.00	50.00	52.00	53.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	313	-	-	-	532	-	-	-	629	-	-	-	434	-	-	-	242	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-157.4%	-16,076	28,016	31,903	9,665	15,613	32,226	6,401	14,659	57,079	44,972	111,126	11,118	-3,151	-1,585	-23,110	894	11,610	1,925	-69,748	20,086	-
Share Based Compensation	13.1%	561	496	622	489	561	744	1,029	971	1,031	992	989	772	536	617	1,263	1,263	-	-	-	-	-
Cashflow From Investing	-80.8%	-29,946	-16,566	-78,631	-71,570	-358,284	-291,626	-176,370	-125,738	-156,161	-77,819	-7,132	61.00	35,416	-59,206	-306,606	11,544	-139,509	-38,252	-39,151	-11,922	-
Cashflow From Financing	251.8%	26,588	-17,517	49,825	213,642	354,734	261,016	114,575	56,092	-25,838	-63,161	-6,872	101,476	36,087	-50,663	343,268	11,366	100,884	196,251	86,051	-12,130	-
Dividend Payments	-30.1%	2,426	3,472	3,484	3,444	2,533	3,491	3,562	2,602	1,976	2,730	2,785	1,704	-	-	-	-	-	-	-	-	-
Buy Backs	-10.7%	5,787	6,479	5,810	27,130	5,259	10,829	18,783	27,654	12,136	35,135	7,128	14,816	15,311	-	-	-	-	-	-	-	-

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HONE Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and dividend income:
Interest and fees on loans	$ 225,898	$ 162,340	$ 135,823
Interest on loans held for sale	1,351	1,306	3,342
Interest on taxable securities	8,118	7,590	4,212
Other interest and dividend income	8,921	694	518
Total income	244,288	171,930	143,895
Interest expense:
Interest on deposits	88,324	15,630	8,723
Interest on FHLB and FRB borrowings	25,918	5,219	1,707
Interest on subordinated debentures	2,775	2,095	2,095
Total interest expense	117,017	22,944	12,525
Net interest and dividend income	127,271	148,986	131,370
Provision (benefit) for credit losses	5,680	5,660	(7,258)
Net interest and dividend income, after provision (benefit) for credit losses	121,591	143,326	138,628
Mortgage banking income:
Gain on sale of mortgage loans	10,404	15,970	61,883
Changes in mortgage servicing rights fair value	(4,684)	5,332	(380)
Other	9,099	9,948	15,831
Total mortgage banking income	14,819	31,250	77,334
Deposit account fees	20,056	19,265	17,839
Income on retirement plan annuities	540	456	427
Bank-owned life insurance income	2,749	1,981	2,022
Other income	3,690	4,357	2,823
Total noninterest income	41,854	57,309	100,686
Noninterest expense:
Compensation and benefits	73,917	83,273	101,924
Occupancy and equipment	18,773	19,767	19,646
Data processing	9,771	9,170	9,154
Loan expenses	798	1,387	5,740
Marketing	3,711	3,916	3,644
Deposit expenses	1,975	2,375	1,782
Postage and printing	1,597	1,610	1,620
Professional fees	5,679	6,122	5,875
Prepayment penalties on Federal Home Loan Bank advances			1,095
Foreclosed and repossessed assets	(8)	18	(398)
Deposit insurance	3,485	1,445	1,338
Goodwill impairment	10,760
Other expenses	7,862	9,823	7,442
Total noninterest expense	138,320	138,906	158,862
Income before income taxes	25,125	61,729	80,452
Income tax provision	9,048	16,140	21,935
Net income	$ 16,077	$ 45,589	$ 58,517
Earnings per common share:
Basic	$ 0.37	$ 0.98	$ 1.15
Diluted	$ 0.37	$ 0.97	$ 1.14
Weighted average shares outstanding:
Weighted average common shares, basic	43,221,738	46,483,664	50,746,302
Weighted average common shares, diluted	43,419,622	47,118,457	51,523,135

HONE Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 38,876	$ 39,712
Short-term investments	188,474	58,305
Total cash and cash equivalents	227,350	98,017
Securities available for sale, at fair value	290,151	301,149
Securities held to maturity, at amortized cost (fair value of $19,262 and $19,274 at December 31, 2023 and 2022, respectively)	19,796	19,949
Federal Home Loan Bank stock, at cost	27,098	20,071
Asset held for sale	348
Loans held for sale, at fair value	19,686	18,544
Loans	4,750,311	4,549,670
Less: Allowance for credit losses on loans	(47,972)	(45,236)
Net loans	4,702,339	4,504,434
Accrued interest receivable	18,169	15,139
Mortgage servicing rights, at fair value	46,111	48,138
Property and equipment, net	48,749	49,045
Retirement plan annuities	15,170	14,630
Bank-owned life insurance	94,675	91,953
Goodwill	59,042	69,802
Intangible assets	1,515	2,272
Other assets	97,697	106,402
Total assets	5,667,896	5,359,545
Deposits:
Demand deposit accounts	659,973	762,576
NOW accounts	305,825	297,692
Regular savings and club accounts	1,265,315	1,468,172
Money market deposit accounts	966,201	861,704
Term certificate accounts	863,457	497,975
Brokered deposits	326,638	301,380
Total deposits	4,387,409	4,189,499
FHLB short-term borrowings	303,000	385,000
FHLB long-term borrowings	265,462	15,675
Subordinated debt		34,285
Mortgagors' escrow accounts	8,872	9,537
Accrued interest payable	5,251	2,325
Other liabilities and accrued expenses	114,143	106,248
Total liabilities	5,084,137	4,742,569
Commitments and contingencies (Notes 7, 12 and 13)
Common stock, $0.01 par value; 150,000,000 shares authorized; 60,255,288 and 60,061,527 shares issued; 45,401,224 and 48,961,452 shares outstanding at December 31, 2023 and December 31, 2022, respectively	598	596
Additional paid-in capital	486,502	483,031
Retained earnings	359,656	356,438
Treasury stock, at cost, 14,854,064 and 11,100,075 shares at December 31, 2023 and 2022, respectively	(193,590)	(148,384)
Accumulated other comprehensive loss	(43,622)	(47,082)
Unearned compensation - ESOP	(25,785)	(27,623)
Total stockholders' equity	583,759	616,976
Total liabilities and stockholders' equity	$ 5,667,896	$ 5,359,545

About HarborOne Bancorp Inc

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. The company also originates, sells, and services residential mortgage loans. In addition, it provides a range of educational services, such as free digital content, webinars, and recordings for small business and personal financial education. The company operated through a network of 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 ATM locations in Massachusetts. The company was founded in 1917 and is based in Brockton, Massachusetts.

CEO	Mr. Joseph F. Casey
WEBSITE	harborone.com
INDUSTRY	Banks Diversified
EMPLOYEES	549

HarborOne Bancorp Inc Frequently Asked Questions

What is the ticker symbol for HarborOne Bancorp Inc? What does HONE stand for in stocks?

HONE is the stock ticker symbol of HarborOne Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of HarborOne Bancorp Inc (HONE)?

As of Fri May 03 2024, market cap of HarborOne Bancorp Inc is 480.42 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HONE stock?

You can check HONE's fair value in chart for subscribers.

What is the fair value of HONE stock?

You can check HONE's fair value in chart for subscribers. The fair value of HarborOne Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of HarborOne Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HONE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is HarborOne Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether HONE is over valued or under valued. Whether HarborOne Bancorp Inc is cheap or expensive depends on the assumptions which impact HarborOne Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HONE.

What is HarborOne Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 03 2024, HONE's PE ratio (Price to Earnings) is 29.88 and Price to Sales (PS) ratio is 1.97. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HONE PE ratio will change depending on the future growth rate expectations of investors.