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

StockNews.com began coverage on shares of HarborOne Bancorp (NASDAQ:HONE - Free Report) in a report released on Wednesday. The firm issued a hold rating on the financial services provider's stock.

Several other research analysts also recently weighed in on the stock. Seaport Res Ptn raised shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th.

HarborOne Bancorp Stock Performance

Shares of NASDAQ:HONE traded down $0.04 during midday trading on Wednesday, hitting $11.70. The company had a trading volume of 331,357 shares, compared to its average volume of 199,484. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The company has a market cap of $504.16 million, a price-to-earnings ratio of 17.73 and a beta of 0.60. HarborOne Bancorp has a 12-month low of $8.89 and a 12-month high of $14.00. The company has a fifty day moving average of $10.51 and a two-hundred day moving average of $11.59.

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

HarborOne Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were issued a $0.01 dividend. 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 currently 57.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of HarborOne Bancorp by 65.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider's stock valued at $1,573,000 after purchasing an additional 47,857 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of HarborOne Bancorp by 194.9% during the 3rd quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider's stock valued at $496,000 after purchasing an additional 24,924 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of HarborOne Bancorp by 2.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock valued at $67,350,000 after purchasing an additional 131,602 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of HarborOne Bancorp by 29.8% during the 4th quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 6,288 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of HarborOne Bancorp by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock valued at $26,593,000 after purchasing an additional 75,328 shares during the last quarter. Institutional investors own 65.01% of the company's stock.

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.