Squarepoint Ops LLC Purchases New Shares in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Squarepoint Ops LLC purchased a new stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 68,756 shares of the financial services provider's stock, valued at approximately $813,000. Squarepoint Ops LLC owned 0.16% of HarborOne Bancorp as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in shares of HarborOne Bancorp in the 4th quarter worth about $436,000. T. Rowe Price Investment Management Inc. increased its stake in shares of HarborOne Bancorp by 2.4% in 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 acquiring an additional 131,602 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of HarborOne Bancorp in the 4th quarter worth about $284,000. SG Americas Securities LLC raised its holdings in HarborOne Bancorp by 29.8% in the fourth quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider's stock worth $324,000 after buying an additional 6,288 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in HarborOne Bancorp by 40.4% in the fourth quarter. Deutsche Bank AG now owns 27,314 shares of the financial services provider's stock worth $323,000 after buying an additional 7,853 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

HarborOne Bancorp Stock Performance

Shares of HONE stock traded down $0.06 during trading hours on Thursday, reaching $11.15. The company had a trading volume of 435,068 shares, compared to its average volume of 217,230. The business has a fifty day moving average price of $10.69 and a 200-day moving average price of $11.47. HarborOne Bancorp, Inc. has a one year low of $8.89 and a one year high of $14.00. The firm has a market cap of $480.46 million, a PE ratio of 16.89 and a beta of 0.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last announced 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). The business had revenue of $41.36 million for 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%. Sell-side analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. HarborOne Bancorp's payout ratio is currently 57.14%.

Analyst Ratings Changes

HONE has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Wall Street Zen started coverage on shares of HarborOne Bancorp in a research note on Thursday, May 22nd. They issued a "hold" rating for the company. Finally, Janney Montgomery Scott reiterated a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th.

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.