Invesco Ltd. Has $809,000 Stake in HarborOne Bancorp, Inc. $HONE

Key Points

• Invesco Ltd. has reduced its stake in HarborOne Bancorp by 26.8%, selling 28,580 shares during the first quarter, resulting in ownership of 78,015 shares.
• HarborOne Bancorp reported a $0.23 EPS for the last quarter, surpassing the consensus estimate of $0.19, with revenue reaching $45.44 million.
• The company declared a $0.09 quarterly dividend to be paid on September 15th, representing an annualized yield of 2.8%.

Invesco Ltd. lessened its holdings in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 26.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,015 shares of the financial services provider's stock after selling 28,580 shares during the period. Invesco Ltd. owned 0.18% of HarborOne Bancorp worth $809,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HONE. Tower Research Capital LLC TRC boosted its stake in shares of 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 valued at $53,000 after purchasing an additional 2,538 shares in the last quarter. CWM LLC grew its position in shares of HarborOne Bancorp by 35.3% in the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider's stock worth $53,000 after buying an additional 1,326 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of HarborOne Bancorp in the 4th quarter worth about $114,000. ProShare Advisors LLC purchased a new stake in shares of HarborOne Bancorp in the 4th quarter worth about $128,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in HarborOne Bancorp during the 1st quarter valued at about $176,000. Institutional investors own 65.01% of the company's stock.

HarborOne Bancorp Stock Up 0.3%

Shares of HONE traded up $0.04 during midday trading on Monday, reaching $13.01. The company had a trading volume of 67,194 shares, compared to its average volume of 269,713. HarborOne Bancorp, Inc. has a 1-year low of $8.89 and a 1-year high of $13.73. The stock has a market cap of $561.30 million, a PE ratio of 20.01 and a beta of 0.63. The firm has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $11.34.

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

HarborOne Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, September 3rd. HarborOne Bancorp's dividend payout ratio (DPR) is 55.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HONE shares. Piper Sandler lifted their price objective on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of HarborOne Bancorp to a "hold" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.00.

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.