Cubist Systematic Strategies LLC Grows Stock Holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Cubist Systematic Strategies LLC grew its holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 306.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,343 shares of the financial services provider's stock after purchasing an additional 106,526 shares during the period. Cubist Systematic Strategies LLC owned about 0.32% of HarborOne Bancorp worth $1,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in HarborOne Bancorp by 128.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider's stock worth $53,000 after buying an additional 2,538 shares during the period. Quarry LP purchased a new position in shares of HarborOne Bancorp during the fourth quarter worth approximately $57,000. US Bancorp DE raised its stake in shares of HarborOne Bancorp by 1,306.7% during the fourth quarter. US Bancorp DE now owns 5,880 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 5,462 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of HarborOne Bancorp by 18.3% during the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 1,033 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of HarborOne Bancorp in the fourth quarter valued at approximately $81,000. 65.01% of the stock is currently owned by institutional investors.

HarborOne Bancorp Stock Down 0.3%

HONE stock traded down $0.04 on Friday, hitting $11.70. 331,357 shares of the company's stock were exchanged, compared to its average volume of 199,189. The firm has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $11.59. HarborOne Bancorp, Inc. has a 12-month low of $8.89 and a 12-month high of $14.00. The stock has a market cap of $504.16 million, a P/E ratio of 17.73 and a beta of 0.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12.

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

HarborOne Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio is presently 50.79%.

Analysts Set New Price Targets

Several research firms have recently commented on HONE. StockNews.com initiated coverage on shares of HarborOne Bancorp in a report on Wednesday. They issued a "hold" rating for the company. Seaport Res Ptn raised shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Janney Montgomery Scott restated a "neutral" rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th.

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.