Teacher Retirement System of Texas Reduces Stock Holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Teacher Retirement System of Texas lowered its position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 51.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,394 shares of the financial services provider's stock after selling 35,812 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of HarborOne Bancorp worth $346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of HarborOne Bancorp by 1,777.0% during the 1st quarter. GAMMA Investing LLC now owns 19,558 shares of the financial services provider's stock worth $1,886,000 after buying an additional 18,516 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of HarborOne Bancorp during the 4th quarter worth about $321,000. PharVision Advisers LLC acquired a new stake in shares of HarborOne Bancorp during the 4th quarter worth about $240,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HarborOne Bancorp by 8.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,063 shares of the financial services provider's stock worth $888,000 after purchasing an additional 5,575 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of HarborOne Bancorp during the 4th quarter worth about $813,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

HarborOne Bancorp Stock Performance

NASDAQ HONE traded down $0.01 during trading hours on Tuesday, hitting $12.25. The company had a trading volume of 368,934 shares, compared to its average volume of 237,112. HarborOne Bancorp, Inc. has a 52 week low of $8.89 and a 52 week high of $14.00. The firm has a 50 day simple moving average of $11.62 and a 200 day simple moving average of $11.25. The firm has a market capitalization of $527.73 million, a price-to-earnings ratio of 19.44 and a beta of 0.59.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates 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 8.13% and a return on equity of 4.33%. On average, research analysts forecast that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.94%. This is a boost from HarborOne Bancorp's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, July 9th. HarborOne Bancorp's dividend payout ratio is presently 57.14%.

Analysts Set New Price Targets

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

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.