HarborOne Bancorp (NASDAQ:HONE) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of HarborOne Bancorp (NASDAQ:HONE - Free Report) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the financial services provider's stock.

Other equities analysts have also issued research reports about the company. Seaport Res Ptn raised HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Janney Montgomery Scott restated a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th.

HarborOne Bancorp Price Performance

NASDAQ:HONE traded up $0.01 on Wednesday, reaching $11.71. The stock had a trading volume of 247,718 shares, compared to its average volume of 199,996. The company has a market capitalization of $504.60 million, a P/E ratio of 17.74 and a beta of 0.60. HarborOne Bancorp has a 1-year low of $8.89 and a 1-year high of $14.00. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The stock has a fifty day moving average price of $10.53 and a 200-day moving average price of $11.58.

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 firm had revenue of $41.36 million during the quarter, compared to the consensus estimate of $36.01 million. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Research analysts forecast that HarborOne Bancorp will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio is 57.14%.

Institutional Investors Weigh In On HarborOne Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of HarborOne Bancorp by 128.9% in 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 buying an additional 2,538 shares during the period. Quarry LP bought a new position in shares of HarborOne Bancorp in the 4th quarter worth $57,000. CWM LLC boosted its position in shares of HarborOne Bancorp by 35.3% in the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider's stock worth $53,000 after purchasing an additional 1,326 shares during the last quarter. US Bancorp DE boosted its position in shares of HarborOne Bancorp by 1,306.7% in the 4th quarter. US Bancorp DE now owns 5,880 shares of the financial services provider's stock worth $70,000 after purchasing an additional 5,462 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of HarborOne Bancorp by 18.3% in the 4th quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock worth $79,000 after purchasing an additional 1,033 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

About HarborOne Bancorp

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.