Public Employees Retirement System of Ohio Invests $321,000 in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Public Employees Retirement System of Ohio purchased a new stake in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,111 shares of the financial services provider's stock, valued at approximately $321,000. Public Employees Retirement System of Ohio owned about 0.06% of HarborOne Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rhino Investment Partners Inc purchased a new stake in shares of HarborOne Bancorp during the 4th quarter valued at approximately $3,185,000. Millennium Management LLC increased its stake in HarborOne Bancorp by 174.8% during the fourth quarter. Millennium Management LLC now owns 271,878 shares of the financial services provider's stock worth $3,216,000 after acquiring an additional 172,941 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in HarborOne Bancorp by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock worth $67,350,000 after acquiring an additional 131,602 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in HarborOne Bancorp by 306.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider's stock valued at $1,672,000 after purchasing an additional 106,526 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of HarborOne Bancorp by 78.9% in the 4th quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider's stock valued at $2,565,000 after purchasing an additional 95,659 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

HarborOne Bancorp Trading Up 1.9%

NASDAQ:HONE traded up $0.21 during trading hours on Friday, reaching $11.36. 345,853 shares of the stock were exchanged, compared to its average volume of 217,743. HarborOne Bancorp, Inc. has a twelve month low of $8.89 and a twelve month high of $14.00. The business has a 50-day moving average of $10.70 and a two-hundred day moving average of $11.46. The company has a market capitalization of $489.51 million, a price-to-earnings ratio of 17.21 and a beta of 0.60. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. The firm had revenue of $41.36 million for the quarter, compared to analyst estimates of $36.01 million. On average, equities analysts predict 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. Shareholders of record on Wednesday, April 9th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio is presently 57.14%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HONE. Wall Street Zen began coverage on HarborOne Bancorp in a research report on Thursday, May 22nd. They set a "hold" rating for the company. Seaport Res Ptn upgraded shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Janney Montgomery Scott reissued a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th.

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.