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.
Check Out Our Latest Research Report on HONE
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
(
Free Report)
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.
Featured Articles

Before you consider HarborOne Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HarborOne Bancorp wasn't on the list.
While HarborOne Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.