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

Public Employees Retirement System of Ohio purchased a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the 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 SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HONE. T. Rowe Price Investment Management Inc. boosted its holdings in shares of HarborOne Bancorp by 2.4% during the 4th 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 buying an additional 131,602 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of HarborOne Bancorp by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,592,784 shares of the financial services provider's stock valued at $30,673,000 after acquiring an additional 47,592 shares during the period. Vanguard Group Inc. boosted its stake in HarborOne Bancorp by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock worth $26,593,000 after acquiring an additional 75,328 shares in the last quarter. Northern Trust Corp boosted its stake in HarborOne Bancorp by 5.7% during the fourth quarter. Northern Trust Corp now owns 364,935 shares of the financial services provider's stock worth $4,317,000 after acquiring an additional 19,600 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in HarborOne Bancorp by 1.0% in the fourth quarter. American Century Companies Inc. now owns 356,944 shares of the financial services provider's stock worth $4,223,000 after purchasing an additional 3,688 shares during the period. Institutional investors and hedge funds own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

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

HarborOne Bancorp Stock Up 1.9%

Shares of HONE traded up $0.21 during trading hours on Friday, reaching $11.36. The stock had a trading volume of 345,853 shares, compared to its average volume of 218,652. 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 firm has a 50-day simple moving average of $10.72 and a 200 day simple moving average of $11.42. 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, 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 released its quarterly earnings data 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 business had revenue of $41.36 million during the quarter, compared to the consensus estimate of $36.01 million. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Equities research analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. HarborOne Bancorp's dividend payout ratio (DPR) is currently 57.14%.

About HarborOne Bancorp

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.