Twelve Points Wealth Management LLC Buys Shares of 25,649 HarborOne Bancorp, Inc. (NASDAQ:HONE)

Twelve Points Wealth Management LLC acquired a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,649 shares of the financial services provider's stock, valued at approximately $266,000. Twelve Points Wealth Management LLC owned 0.06% of HarborOne Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HONE. US Bancorp DE boosted its stake in HarborOne Bancorp by 1,306.7% during the fourth quarter. US Bancorp DE now owns 5,880 shares of the financial services provider's stock worth $70,000 after acquiring an additional 5,462 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of HarborOne Bancorp by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider's stock worth $3,779,000 after buying an additional 2,363 shares in the last quarter. Victory Capital Management Inc. grew its stake in HarborOne Bancorp by 9.1% in the 4th quarter. Victory Capital Management Inc. now owns 286,072 shares of the financial services provider's stock valued at $3,384,000 after purchasing an additional 23,900 shares during the period. AlphaQuest LLC increased its stake in shares of HarborOne Bancorp by 89.8% during the 4th quarter. AlphaQuest LLC now owns 23,168 shares of the financial services provider's stock worth $274,000 after purchasing an additional 10,960 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in HarborOne Bancorp by 31.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,678 shares of the financial services provider's stock valued at $197,000 after acquiring an additional 3,993 shares during the period. 65.01% of the stock is currently owned by institutional investors.

HarborOne Bancorp Stock Down 0.8%

HONE traded down $0.10 during mid-day trading on Friday, reaching $12.10. 284,406 shares of the company traded hands, compared to its average volume of 233,994. HarborOne Bancorp, Inc. has a 52-week low of $8.89 and a 52-week high of $14.00. The stock has a market capitalization of $521.27 million, a P/E ratio of 19.21 and a beta of 0.59. The company's fifty day moving average price is $11.56 and its 200-day moving average price is $11.25.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $41.36 million during the quarter, compared to the consensus estimate of $36.01 million. HarborOne Bancorp had a return on equity of 4.33% and a net margin of 8.13%. As a group, sell-side analysts forecast that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.98%. This is a positive change 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 (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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 initiated coverage on HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a "hold" rating on the stock. Finally, Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th.

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.