HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Bought by Millennium Management LLC

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

Several other institutional investors also recently made changes to their positions in the stock. Rhino Investment Partners Inc purchased a new position in shares of HarborOne Bancorp in the 4th quarter worth about $3,185,000. T. Rowe Price Investment Management Inc. raised its holdings 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 period. Cubist Systematic Strategies LLC grew its stake in HarborOne Bancorp by 306.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider's stock worth $1,672,000 after buying an additional 106,526 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of HarborOne Bancorp by 78.9% during the 4th quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider's stock valued at $2,565,000 after acquiring an additional 95,659 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in HarborOne Bancorp by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock worth $26,593,000 after purchasing an additional 75,328 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

HarborOne Bancorp Stock Down 1.1%

HONE stock traded down $0.13 during midday trading on Wednesday, hitting $11.27. 53,806 shares of the company's stock were exchanged, compared to its average volume of 212,587. The firm has a 50 day moving average price of $10.67 and a 200-day moving average price of $11.47. HarborOne Bancorp, Inc. has a 12-month low of $8.89 and a 12-month high of $14.00. The stock has a market capitalization of $485.59 million, a price-to-earnings ratio of 17.05 and a beta of 0.60. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings results 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 company 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%. On average, analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The company 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 annualized dividend and a yield of 0.35%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio (DPR) is presently 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.