BNP Paribas Financial Markets Buys New Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

BNP Paribas Financial Markets bought a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,023 shares of the financial services provider's stock, valued at approximately $284,000. BNP Paribas Financial Markets owned about 0.05% of HarborOne Bancorp as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its stake in HarborOne Bancorp by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock valued at $67,350,000 after buying an additional 131,602 shares during the last quarter. SG Americas Securities LLC lifted its stake in HarborOne Bancorp by 29.8% in the fourth 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 last quarter. Vanguard Group Inc. lifted its stake in HarborOne Bancorp by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock valued at $26,593,000 after buying an additional 75,328 shares during the last quarter. Rhino Investment Partners Inc purchased a new stake in HarborOne Bancorp in the fourth quarter valued at approximately $3,185,000. Finally, Empowered Funds LLC lifted its stake in HarborOne Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 123,756 shares of the financial services provider's stock valued at $1,464,000 after buying an additional 5,966 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

HarborOne Bancorp Stock Performance

Shares of NASDAQ:HONE traded down $0.04 during trading on Friday, reaching $11.36. The company had a trading volume of 1,123,237 shares, compared to its average volume of 210,099. The firm has a market capitalization of $489.51 million, a price-to-earnings ratio of 17.21 and a beta of 0.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The stock's fifty day moving average price is $10.65 and its 200 day moving average price is $11.48. HarborOne Bancorp, Inc. has a fifty-two week low of $8.89 and a fifty-two week high of $14.00.

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 business had revenue of $41.36 million for the quarter, compared to analyst estimates of $36.01 million. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. As a group, equities research analysts predict that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp's payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HONE shares. Seaport Res Ptn upgraded HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Janney Montgomery Scott reissued a "neutral" rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th. Finally, Wall Street Zen started coverage on HarborOne Bancorp in a report on Thursday, May 22nd. 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.