Twelve Points Wealth Management LLC Purchases New Shares in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Twelve Points Wealth Management LLC acquired a new stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,649 shares of the financial services provider's stock, valued at approximately $266,000. Twelve Points Wealth Management LLC owned about 0.06% of HarborOne Bancorp as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Rhino Investment Partners Inc bought a new stake in HarborOne Bancorp during the fourth quarter valued at approximately $3,185,000. Millennium Management LLC grew its position in HarborOne Bancorp by 174.8% during the fourth quarter. Millennium Management LLC now owns 271,878 shares of the financial services provider's stock valued at $3,216,000 after buying an additional 172,941 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of HarborOne Bancorp by 2.4% in the fourth 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 purchasing an additional 131,602 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of HarborOne Bancorp by 306.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider's stock worth $1,672,000 after purchasing an additional 106,526 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of HarborOne Bancorp by 78.9% in the fourth quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider's stock worth $2,565,000 after purchasing an additional 95,659 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on HONE. Janney Montgomery Scott reiterated a "neutral" rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Wall Street Zen began coverage on shares of HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a "hold" rating for the company. Finally, 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.

HarborOne Bancorp Trading Down 0.4%

Shares of NASDAQ:HONE traded down $0.04 during midday trading on Friday, reaching $12.16. 76,958 shares of the company were exchanged, compared to its average volume of 232,672. The business's fifty day moving average is $11.55 and its two-hundred day moving average is $11.25. HarborOne Bancorp, Inc. has a one year low of $8.89 and a one year high of $14.00. The stock has a market cap of $523.68 million, a PE ratio of 19.31 and a beta of 0.59.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its 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). HarborOne Bancorp had a return on equity of 4.33% and a net margin of 8.13%. The company had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. As a group, sell-side analysts expect that HarborOne Bancorp, Inc. will post 0.83 EPS 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 dividend of $0.09 per share. This is an increase from HarborOne Bancorp's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.36 dividend on an annualized basis and a yield of 2.96%. HarborOne Bancorp's dividend payout ratio is presently 57.14%.

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.