HarborOne Bancorp (NASDAQ:HONE) Sees Unusually-High Trading Volume - What's Next?

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) saw an uptick in trading volume on Monday . 474,337 shares changed hands during mid-day 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 Upgrades and Downgrades

HONE has been the subject of several research reports. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research report on Tuesday. Seaport Res Ptn raised HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th.

HarborOne Bancorp Price Performance

The firm has a market capitalization of $512.19 million, a P/E ratio of 17.45 and a beta of 0.60. The stock's fifty day simple moving average is $10.41 and its 200 day simple moving average is $11.65. 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 posted 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 net margin of 8.61% and a return on equity of 4.63%. The firm had revenue of $41.36 million for the quarter, compared to analysts' expectations of $36.01 million. On average, equities research analysts predict that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors 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%.

Institutional Investors Weigh In On HarborOne Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position 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 purchasing an additional 2,538 shares during the last quarter. CWM LLC increased 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 valued at $53,000 after acquiring an additional 1,326 shares during the period. Quarry LP acquired a new stake in HarborOne Bancorp during the 4th quarter worth about $57,000. US Bancorp DE grew its stake in HarborOne Bancorp by 1,306.7% during the 4th quarter. US Bancorp DE now owns 5,880 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 5,462 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of HarborOne Bancorp by 18.3% in the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 1,033 shares during the period. 65.01% of the stock is currently owned by hedge funds and other 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.