Cubist Systematic Strategies LLC Purchases 106,526 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Cubist Systematic Strategies LLC raised its position in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 306.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,343 shares of the financial services provider's stock after buying an additional 106,526 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.32% of HarborOne Bancorp worth $1,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of HarborOne Bancorp by 65.3% during the third quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider's stock valued at $1,573,000 after purchasing an additional 47,857 shares in the last quarter. Franklin Resources Inc. raised its position in HarborOne Bancorp by 194.9% during the 3rd quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider's stock valued at $496,000 after purchasing an additional 24,924 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in HarborOne Bancorp by 2.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock worth $67,350,000 after buying an additional 131,602 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of HarborOne Bancorp by 29.8% in the 4th quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider's stock valued at $324,000 after buying an additional 6,288 shares during the period. Finally, Barclays PLC grew its position in shares of HarborOne Bancorp by 40.7% in the third quarter. Barclays PLC now owns 107,289 shares of the financial services provider's stock valued at $1,392,000 after purchasing an additional 31,045 shares in the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

HarborOne Bancorp Stock Down 0.3%

HONE traded down $0.04 during trading hours on Friday, hitting $11.70. 331,357 shares of the company's stock were exchanged, compared to its average volume of 199,805. The stock has a market cap of $504.16 million, a price-to-earnings ratio of 17.73 and a beta of 0.60. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The stock's 50-day moving average is $10.51 and its two-hundred day moving average is $11.58. HarborOne Bancorp, Inc. has a 1-year low of $8.89 and a 1-year high of $14.00.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. The company had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. Sell-side analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio (DPR) is presently 57.14%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HONE shares. Janney Montgomery Scott reissued a "neutral" rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th. Seaport Res Ptn upgraded shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, StockNews.com initiated coverage on shares of HarborOne Bancorp in a research report on Wednesday. They issued a "hold" rating on the stock.

About HarborOne Bancorp

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 primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.