Y Intercept Hong Kong Ltd raised its holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 161.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,858 shares of the financial services provider's stock after buying an additional 23,977 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.09% of HarborOne Bancorp worth $403,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in HarborOne Bancorp by 128.9% in the fourth 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. Quarry LP acquired a new position in HarborOne Bancorp in the fourth quarter valued at approximately $57,000. CWM LLC lifted its stake in HarborOne Bancorp by 35.3% in the first quarter. CWM LLC now owns 5,079 shares of the financial services provider's stock valued at $53,000 after buying an additional 1,326 shares during the period. Quantbot Technologies LP lifted its stake in 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 buying an additional 1,033 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in HarborOne Bancorp in the fourth quarter valued at approximately $81,000. 65.01% of the stock is owned by institutional investors and hedge funds.
HarborOne Bancorp Trading Down 1.7%
Shares of HONE stock traded down $0.20 on Friday, hitting $11.63. 95,130 shares of the stock were exchanged, compared to its average volume of 282,077. The firm has a market capitalization of $501.19 million, a PE ratio of 17.89 and a beta of 0.59. HarborOne Bancorp, Inc. has a one year low of $8.89 and a one year high of $13.73. The firm's 50 day moving average is $11.71 and its two-hundred day moving average is $11.28.
HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $45.44 million during the quarter, compared to the consensus estimate of $32.39 million. HarborOne Bancorp had a return on equity of 4.66% and a net margin of 8.43%. On average, sell-side analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.
HarborOne Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.1%. HarborOne Bancorp's dividend payout ratio is currently 55.38%.
Analysts Set New Price Targets
Several equities analysts have issued reports on HONE shares. Janney Montgomery Scott reissued a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. Piper Sandler increased their price target 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 began coverage on HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a "hold" rating for the company. Finally, Seaport Res Ptn upgraded HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th.
Get Our Latest Report on HONE
About HarborOne Bancorp
(
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.
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