Millennium Management LLC Boosts Holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Millennium Management LLC grew its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 174.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,878 shares of the financial services provider's stock after buying an additional 172,941 shares during the period. Millennium Management LLC owned approximately 0.62% of HarborOne Bancorp worth $3,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HONE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of HarborOne Bancorp by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,934 shares of the financial services provider's stock valued at $259,000 after purchasing an additional 930 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of HarborOne Bancorp by 4.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 207,968 shares of the financial services provider's stock valued at $2,460,000 after purchasing an additional 8,266 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of HarborOne Bancorp in the 4th quarter valued at $436,000. Deutsche Bank AG boosted its stake in shares of HarborOne Bancorp by 40.4% in the 4th quarter. Deutsche Bank AG now owns 27,314 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 7,853 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of HarborOne Bancorp by 11.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 95,121 shares of the financial services provider's stock valued at $1,125,000 after purchasing an additional 10,030 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Analyst Ratings Changes

HONE has been the subject of a number of research reports. 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. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. Finally, Wall Street Zen initiated coverage on shares of HarborOne Bancorp in a research note on Thursday, May 22nd. They issued a "hold" rating for the company.

HarborOne Bancorp Trading Down 1.7%

HONE traded down $0.19 during trading on Wednesday, hitting $11.21. 728,913 shares of the stock traded hands, compared to its average volume of 215,818. The firm has a market capitalization of $483.05 million, a P/E ratio of 16.98 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 firm has a 50-day moving average of $10.69 and a 200 day moving average of $11.47. 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 announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). The firm 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%. Equities research analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, April 9th. This represents a $0.04 annualized dividend and a yield of 0.36%. HarborOne Bancorp's payout ratio is currently 57.14%.

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.