Nuveen LLC Invests $1.48 Million in HarborOne Bancorp, Inc. $HONE

Key Points

• Nuveen LLC has acquired a new stake in HarborOne Bancorp, purchasing 143,073 shares valued at approximately $1.48 million, representing about 0.33% of the company.
• HarborOne Bancorp has seen interest from various large institutional investors, with Dimensional Fund Advisors increasing its holdings by 1.9% and Millennium Management raising its holdings by 174.8% in recent quarters.
• The company declared a quarterly dividend of $0.09 per share, translating to an annualized yield of approximately 2.8%, with the next payment scheduled for September 15th.

Nuveen LLC purchased a new position in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 143,073 shares of the financial services provider's stock, valued at approximately $1,484,000. Nuveen LLC owned 0.33% of HarborOne Bancorp at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc grew its holdings in shares of HarborOne Bancorp by 4.6% in the 1st quarter. TD Asset Management Inc now owns 81,800 shares of the financial services provider's stock worth $848,000 after acquiring an additional 3,616 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in HarborOne Bancorp during the 1st quarter valued at $176,000. Y Intercept Hong Kong Ltd grew its holdings in HarborOne Bancorp by 161.1% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 38,858 shares of the financial services provider's stock valued at $403,000 after buying an additional 23,977 shares during the last quarter. Victory Capital Management Inc. grew its holdings in HarborOne Bancorp by 0.7% during the 1st quarter. Victory Capital Management Inc. now owns 288,142 shares of the financial services provider's stock valued at $2,988,000 after buying an additional 2,070 shares during the last quarter. Finally, CWM LLC grew its holdings in HarborOne Bancorp by 35.3% during the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider's stock valued at $53,000 after buying an additional 1,326 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HONE shares. Piper Sandler increased their price target on HarborOne Bancorp from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Wall Street Zen raised HarborOne Bancorp to a "hold" rating in a research report 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 data from MarketBeat.com, HarborOne Bancorp currently has an average rating of "Moderate Buy" and a consensus target price of $13.00.

HarborOne Bancorp Trading Down 0.2%

NASDAQ:HONE traded down $0.03 during mid-day trading on Friday, hitting $12.97. The company had a trading volume of 273,261 shares, compared to its average volume of 180,263. The business has a fifty day simple moving average of $12.21 and a 200-day simple moving average of $11.35. HarborOne Bancorp, Inc. has a 1 year low of $8.89 and a 1 year high of $13.73. The firm has a market capitalization of $559.79 million, a price-to-earnings ratio of 19.95 and a beta of 0.63.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $45.44 million for the quarter, compared to analyst estimates of $32.39 million. HarborOne Bancorp had a return on equity of 4.66% and a net margin of 8.43%. As a group, research analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

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

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.