Does HarborOne Bancorp, Inc.'s (NASDAQ:HONE) CEO Salary Compare Well With Others?
Jim Blake became the CEO of HarborOne Bancorp, Inc. (NASDAQ:HONE) in 2016. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then we'll look at a snap shot of the business growth. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. This process should give us an idea about how appropriately the CEO is paid.
View our latest analysis for HarborOne Bancorp
How Does Jim Blake's Compensation Compare With Similar Sized Companies?
At the time of writing, our data says that HarborOne Bancorp, Inc. has a market cap of US$634m, and reported total annual CEO compensation of US$1.8m for the year to December 2018. We think total compensation is more important but we note that the CEO salary is lower, at US$740k. We examined companies with market caps from US$400m to US$1.6b, and discovered that the median CEO total compensation of that group was US$2.5m.
So Jim Blake receives a similar amount to the median CEO pay, amongst the companies we looked at. While this data point isn't particularly informative alone, it gains more meaning when considered with business performance.
You can see a visual representation of the CEO compensation at HarborOne Bancorp, below.
Is HarborOne Bancorp, Inc. Growing?
Over the last three years HarborOne Bancorp, Inc. has grown its earnings per share (EPS) by an average of 20% per year (using a line of best fit). It achieved revenue growth of 23% over the last year.
This demonstrates that the company has been improving recently. A good result. It's a real positive to see this sort of growth in a single year. That suggests a healthy and growing business. It could be important to check this free visual depiction of what analysts expect for the future.
Has HarborOne Bancorp, Inc. Been A Good Investment?
Since shareholders would have lost about 1.3% over three years, some HarborOne Bancorp, Inc. shareholders would surely be feeling negative emotions. This suggests it would be unwise for the company to pay the CEO too generously.
In Summary...
Jim Blake is paid around the same as most CEOs of similar size companies.
We think that the EPS growth is very pleasing, but we cannot say the same about the lacklustre shareholder returns (over the last three years). Considering the the positives we don't think the CEO pays is too high, but it's certainly hard to argue it is too low. Shareholders may want to check for free if HarborOne Bancorp insiders are buying or selling shares.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
