Teacher Retirement System of Texas Sells 35,812 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Teacher Retirement System of Texas cut its position in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 51.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 about 0.08% of HarborOne Bancorp worth $346,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of HarborOne Bancorp by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,934 shares of the financial services provider's stock worth $259,000 after purchasing an additional 930 shares during the last quarter. Quantbot Technologies LP raised its position in shares of HarborOne Bancorp by 18.3% in the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 1,033 shares during the period. Charles Schwab Investment Management Inc. increased its position in HarborOne Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider's stock worth $3,779,000 after acquiring an additional 2,363 shares during the period. Tower Research Capital LLC TRC increased its holdings in HarborOne Bancorp by 128.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider's stock valued at $53,000 after buying an additional 2,538 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in HarborOne Bancorp by 6.1% in the 4th quarter. Russell Investments Group Ltd. now owns 58,425 shares of the financial services provider's stock valued at $691,000 after buying an additional 3,383 shares during the period. 65.01% of the stock is currently owned by institutional investors.

HarborOne Bancorp Trading Down 0.2%

Shares of HONE stock traded down $0.02 on Friday, reaching $12.16. The company had a trading volume of 182,267 shares, compared to its average volume of 235,748. The company has a 50-day moving average of $11.62 and a 200-day moving average of $11.25. HarborOne Bancorp, Inc. has a 12 month low of $8.89 and a 12 month high of $14.00. The stock has a market cap of $523.85 million, a PE ratio of 19.30 and a beta of 0.59.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). The company had revenue of $41.36 million during the quarter, compared to analyst estimates of $36.01 million. HarborOne Bancorp had a net margin of 8.13% and a return on equity of 4.33%. Sell-side analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Wednesday, July 9th. This is a boost from HarborOne Bancorp's previous quarterly dividend of $0.01. HarborOne Bancorp's dividend payout ratio is 57.14%.

Analyst Ratings Changes

Several brokerages have recently commented on HONE. Janney Montgomery Scott restated a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. 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, Wall Street Zen started coverage on shares of HarborOne Bancorp in a research report on Thursday, May 22nd. They set a "hold" rating on the stock.

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.