HarborOne Bancorp (NASDAQ:HONE) Sees Large Volume Increase - Time to Buy?

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) shares saw strong trading volume on Monday . 474,337 shares traded hands during trading, an increase of 162% from the previous session's volume of 181,206 shares.The stock last traded at $11.31 and had previously closed at $11.30.

Analyst Ratings Changes

Separately, Seaport Res Ptn raised HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday.

HarborOne Bancorp Trading Up 0.1 %

The firm has a fifty day moving average price of $10.43 and a 200-day moving average price of $11.71. The company has a market capitalization of $502.85 million, a P/E ratio of 17.14 and a beta of 0.61. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11.

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

HarborOne Bancorp Cuts Dividend

The firm also recently disclosed 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 0.35%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio (DPR) is presently 50.79%.

Institutional Investors Weigh In On HarborOne Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of HONE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in HarborOne Bancorp by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,934 shares of the financial services provider's stock valued at $259,000 after buying an additional 930 shares during the period. Quantbot Technologies LP grew its holdings in shares of HarborOne Bancorp by 18.3% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of HarborOne Bancorp by 0.7% during the fourth 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. Tower Research Capital LLC TRC raised 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 purchasing an additional 2,538 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in HarborOne Bancorp by 6.1% during the fourth quarter. Russell Investments Group Ltd. now owns 58,425 shares of the financial services provider's stock valued at $691,000 after purchasing an additional 3,383 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors.

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.

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