HarborOne Bancorp, Inc. $HONE Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in HarborOne Bancorp by 3.7%, holding 2,164,073 shares worth $22.44 million.
• HarborOne Bancorp reported earnings of $0.23 per share, exceeding estimates, with a revenue of $45.44 million against expectations of $32.39 million.
• The company recently announced a quarterly dividend of $0.09, with a dividend yield of 2.8% for stockholders of record by September 3rd.

Vanguard Group Inc. lowered its position in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,164,073 shares of the financial services provider's stock after selling 83,858 shares during the quarter. Vanguard Group Inc. owned approximately 4.87% of HarborOne Bancorp worth $22,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in HarborOne Bancorp by 128.9% during 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 acquiring an additional 2,538 shares in the last quarter. CWM LLC boosted its position in HarborOne Bancorp by 35.3% during the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 1,326 shares in the last quarter. Quarry LP bought a new stake in HarborOne Bancorp during the 4th quarter valued at $57,000. Aquatic Capital Management LLC bought a new stake in HarborOne Bancorp during the 4th quarter valued at $101,000. Finally, Point72 Asset Management L.P. bought a new stake in HarborOne Bancorp during the 4th quarter valued at $114,000. Institutional investors own 65.01% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler increased their target price on HarborOne Bancorp from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Wall Street Zen raised HarborOne Bancorp to a "hold" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.00.

HarborOne Bancorp Trading Down 0.6%

Shares of HONE traded down $0.08 during midday trading on Wednesday, hitting $12.78. 149,312 shares of the company's stock traded hands, compared to its average volume of 180,207. HarborOne Bancorp, Inc. has a 1 year low of $8.89 and a 1 year high of $13.73. The firm's fifty day moving average is $12.16 and its 200-day moving average is $11.34. The stock has a market capitalization of $551.58 million, a price-to-earnings ratio of 19.66 and a beta of 0.63.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $45.44 million during the quarter, compared to analyst estimates of $32.39 million. HarborOne Bancorp had a return on equity of 4.66% and a net margin of 8.43%. On average, equities research analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, September 3rd will be paid a $0.09 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.8%. HarborOne Bancorp's dividend payout ratio (DPR) is 55.38%.

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.