Nuveen LLC Makes New $1.48 Million Investment 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 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 143,073 shares of the financial services provider's stock, valued at approximately $1,484,000. Nuveen LLC owned approximately 0.33% of HarborOne Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in HarborOne Bancorp by 128.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider's stock worth $53,000 after acquiring an additional 2,538 shares in the last quarter. CWM LLC boosted its holdings in HarborOne Bancorp by 35.3% in the first quarter. CWM LLC now owns 5,079 shares of the financial services provider's stock worth $53,000 after acquiring an additional 1,326 shares in the last quarter. Aquatic Capital Management LLC bought a new position in HarborOne Bancorp in the fourth quarter worth approximately $101,000. Point72 Asset Management L.P. bought a new position in HarborOne Bancorp in the fourth quarter worth approximately $114,000. Finally, ProShare Advisors LLC bought a new position in HarborOne Bancorp in the fourth quarter worth approximately $128,000. Institutional investors own 65.01% of the company's stock.

Analyst Upgrades and Downgrades

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

HarborOne Bancorp Price Performance

Shares of HONE stock traded up $0.09 during trading hours on Thursday, reaching $12.87. The company had a trading volume of 71,066 shares, compared to its average volume of 270,294. HarborOne Bancorp, Inc. has a 12 month low of $8.89 and a 12 month high of $13.73. The business has a fifty day simple moving average of $12.16 and a 200-day simple moving average of $11.34. The company has a market cap of $555.25 million, a price-to-earnings ratio of 19.79 and a beta of 0.63.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. HarborOne Bancorp had a return on equity of 4.66% and a net margin of 8.43%.The company had revenue of $45.44 million for the quarter, compared to analyst estimates of $32.39 million. On average, equities research analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Announces Dividend

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

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.