Credit Industriel ET Commercial Makes New Investment in HarborOne Bancorp, Inc. $HONE

Key Points

• Credit Industriel ET Commercial has acquired a new position in HarborOne Bancorp, purchasing 331,984 shares, valued at approximately $3,878,000, during the second quarter.
• HarborOne Bancorp reported a quarterly EPS of $0.23, exceeding analyst expectations of $0.19, along with a revenue of $45.44 million for the quarter.
• The company announced a quarterly dividend of $0.09 per share, resulting in an annualized dividend yield of 2.6%, with a payout ratio of 55.38%.

Credit Industriel ET Commercial bought a new position in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 331,984 shares of the financial services provider's stock, valued at approximately $3,878,000. Credit Industriel ET Commercial owned about 0.77% of HarborOne Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Twelve Points Wealth Management LLC acquired a new stake in shares of HarborOne Bancorp in the first quarter worth approximately $266,000. Nuveen LLC acquired a new stake in shares of HarborOne Bancorp in the first quarter worth approximately $1,484,000. Strs Ohio acquired a new stake in shares of HarborOne Bancorp in the first quarter worth approximately $497,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of HarborOne Bancorp in the first quarter worth approximately $176,000. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of HarborOne Bancorp by 161.1% in the first quarter. Y Intercept Hong Kong Ltd now owns 38,858 shares of the financial services provider's stock worth $403,000 after acquiring an additional 23,977 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

HarborOne Bancorp Stock Performance

NASDAQ HONE opened at $13.67 on Tuesday. HarborOne Bancorp, Inc. has a one year low of $8.89 and a one year high of $14.22. The company's 50 day moving average price is $12.92 and its 200 day moving average price is $11.80. The firm has a market capitalization of $590.00 million, a price-to-earnings ratio of 21.03 and a beta of 0.61.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. HarborOne Bancorp had a net margin of 8.43% and a return on equity of 4.66%. The firm had revenue of $45.44 million for the quarter, compared to analyst estimates of $32.39 million. Sell-side analysts forecast that HarborOne Bancorp, Inc. will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 3rd. HarborOne Bancorp's payout ratio is presently 55.38%.

Analyst Ratings Changes

HONE has been the topic of several research analyst reports. Wall Street Zen raised shares of HarborOne Bancorp to a "hold" rating in a research report on Friday, August 22nd. Piper Sandler raised their target price on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of HarborOne Bancorp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

HarborOne Bancorp Company 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.

Want to see what other hedge funds are holding HONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.