47,900 Shares in HarborOne Bancorp, Inc. $HONE Acquired by Strs Ohio

Key Points

• Strs Ohio has acquired a new stake in HarborOne Bancorp, purchasing 47,900 shares valued at approximately $497,000, representing a 0.11% ownership as of their last SEC filing.
• In the 4th quarter, several institutional investors increased their stakes in HarborOne Bancorp, with Millennium Management increasing their position by 174.8% to own 271,878 shares worth $3.2 million.
• HarborOne Bancorp's stock recently achieved an average rating of "Moderate Buy" with a target price of $13.00, following upgrades from analysts including Piper Sandler.

Strs Ohio purchased a new stake in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 47,900 shares of the financial services provider's stock, valued at approximately $497,000. Strs Ohio owned 0.11% of HarborOne Bancorp as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of HarborOne Bancorp by 35.3% in the first 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 period. Point72 Asset Management L.P. acquired a new position in shares of HarborOne Bancorp in the fourth quarter valued at approximately $114,000. ProShare Advisors LLC acquired a new position in shares of HarborOne Bancorp in the fourth quarter valued at approximately $128,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of HarborOne Bancorp in the first quarter valued at approximately $176,000. Finally, GAMMA Investing LLC boosted its holdings in shares of HarborOne Bancorp by 1,777.0% in the first quarter. GAMMA Investing LLC now owns 19,558 shares of the financial services provider's stock valued at $1,886,000 after buying an additional 18,516 shares during the period. Institutional investors and hedge funds own 65.01% of the company's stock.

HarborOne Bancorp Trading Up 0.6%

HONE stock traded up $0.08 during mid-day trading on Monday, hitting $13.49. The stock had a trading volume of 263,175 shares, compared to its average volume of 233,022. HarborOne Bancorp, Inc. has a 52 week low of $8.89 and a 52 week high of $13.73. The firm has a market capitalization of $582.23 million, a P/E ratio of 20.01 and a beta of 0.63. The firm has a fifty day simple moving average of $12.43 and a 200 day simple moving average of $11.48.

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

HarborOne Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, September 3rd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, September 3rd. HarborOne Bancorp's dividend payout ratio (DPR) is presently 55.38%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of HarborOne Bancorp to a "hold" rating in a report on Friday, August 22nd. Piper Sandler increased their price objective on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, HarborOne Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.

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.