HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,592,784 shares of the financial services provider's stock after purchasing an additional 47,592 shares during the period. Dimensional Fund Advisors LP owned about 5.89% of HarborOne Bancorp worth $30,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in HarborOne Bancorp by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock worth $26,593,000 after purchasing an additional 75,328 shares in the last quarter. American Century Companies Inc. grew its stake in HarborOne Bancorp by 1.0% in the 4th quarter. American Century Companies Inc. now owns 356,944 shares of the financial services provider's stock valued at $4,223,000 after acquiring an additional 3,688 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in HarborOne Bancorp by 0.7% in 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 acquiring an additional 2,363 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in HarborOne Bancorp by 9.1% during the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. grew 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 valued at $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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Seaport Res Ptn upgraded HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. Finally, StockNews.com initiated coverage on shares of HarborOne Bancorp in a research note on Tuesday. They issued a "hold" rating on the stock.

HarborOne Bancorp Price Performance

Shares of NASDAQ:HONE opened at $11.52 on Tuesday. HarborOne Bancorp, Inc. has a 52-week low of $8.89 and a 52-week high of $14.00. The stock has a market cap of $512.19 million, a P/E ratio of 17.45 and a beta of 0.60. The business has a fifty day moving average of $10.41 and a two-hundred day moving average of $11.63. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. The firm had revenue of $41.36 million for the quarter, compared to analysts' expectations of $36.01 million. On average, research analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, April 9th. This represents a $0.04 annualized dividend and a yield of 0.35%. HarborOne Bancorp's dividend payout ratio (DPR) is 50.79%.

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.

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