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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. Next, we'll consider growth that the business demonstrates. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. The aim of all this is to consider the appropriateness of CEO pay levels.
How Does Jim Blake's Compensation Compare With Similar Sized Companies?
According to our data, HarborOne Bancorp, Inc. has a market capitalization of US$571m, and pays its CEO total annual compensation worth US$1.8m. (This figure is for the year to December 2018). That's less than last year. We think total compensation is more important but we note that the CEO salary is lower, at US$740k. We looked at a group of companies with market capitalizations from US$200m to US$800m, and the median CEO total compensation was US$1.7m.
So Jim Blake receives a similar amount to the median CEO pay, amongst the companies we looked at. Although this fact alone doesn't tell us a great deal, it becomes more relevant when considered against the 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 29% per year (using a line of best fit). Its revenue is up 8.9% over last year.
This shows that the company has improved itself over the last few years. Good news for shareholders. It's also good to see modest revenue growth, suggesting the underlying business is healthy. Shareholders might be interested in this free visualization of analyst forecasts.
Has HarborOne Bancorp, Inc. Been A Good Investment?
Boasting a total shareholder return of 40% over three years, HarborOne Bancorp, Inc. has done well by shareholders. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.
Jim Blake is paid around what is normal the leaders of comparable size companies.
Shareholders would surely be happy to see that shareholder returns have been great, and the earnings per share are up. So one could argue the CEO compensation is quite modest, if you consider company performance! If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at HarborOne Bancorp.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.
If you spot an error that warrants correction, please contact the editor at email@example.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. Thank you for reading.