24,023 Shares in HarborOne Bancorp, Inc. (NASDAQ:HONE) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of HarborOne Bancorp by 128.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider's stock valued at $53,000 after buying an additional 2,538 shares during the last quarter. Quarry LP purchased a new stake in shares of HarborOne Bancorp during the fourth quarter valued at about $57,000. US Bancorp DE lifted its position 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 buying an additional 5,462 shares during the last quarter. Quantbot Technologies LP lifted its position 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 buying an additional 1,033 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of HarborOne Bancorp during the fourth quarter valued at about $81,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

HarborOne Bancorp Stock Performance

Shares of HarborOne Bancorp stock traded up $0.07 during midday trading on Thursday, hitting $11.40. The company had a trading volume of 397,085 shares, compared to its average volume of 205,826. The stock has a market cap of $491.24 million, a price-to-earnings ratio of 17.27 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 company has a fifty day simple moving average of $10.62 and a 200 day simple moving average of $11.53. HarborOne Bancorp, Inc. has a 12-month low of $8.89 and a 12-month high of $14.00.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) 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 analysts' expectations of $36.01 million. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. As a group, analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Seaport Res Ptn raised shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Finally, Wall Street Zen initiated coverage on shares of HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a "hold" rating for the company.

HarborOne Bancorp Profile

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.