Dimensional Fund Advisors LP Increases Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in HarborOne Bancorp by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock worth $26,593,000 after acquiring an additional 75,328 shares in the last quarter. American Century Companies Inc. raised its position in shares of 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 purchasing an additional 3,688 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 2,363 shares in the last quarter. Victory Capital Management Inc. grew its position in HarborOne Bancorp by 9.1% during the 4th quarter. Victory Capital Management Inc. now owns 286,072 shares of the financial services provider's stock worth $3,384,000 after purchasing an additional 23,900 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in HarborOne Bancorp by 78.9% during the 4th 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 in the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

HarborOne Bancorp Stock Performance

Shares of HONE stock traded down $0.01 during trading hours on Friday, hitting $11.52. The company's stock had a trading volume of 315,924 shares, compared to its average volume of 194,968. The stock has a market cap of $512.19 million, a PE ratio of 17.45 and a beta of 0.60. HarborOne Bancorp, Inc. has a 12-month low of $8.89 and a 12-month high of $14.00. The company has a 50 day moving average of $10.41 and a 200 day moving average of $11.59. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92.

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

HarborOne Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a $0.01 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. HarborOne Bancorp's payout ratio is 50.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HONE shares. StockNews.com initiated coverage on shares of HarborOne Bancorp in a research note on Tuesday, May 6th. They set a "hold" rating for the company. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Finally, Seaport Res Ptn upgraded HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th.

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.