Vanguard Group Inc. Sells 156,924 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Vanguard Group Inc. cut its stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,257,529 shares of the financial services provider's stock after selling 156,924 shares during the quarter. Vanguard Group Inc. owned 4.93% of HarborOne Bancorp worth $21,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HONE. Dimensional Fund Advisors LP boosted its stake in HarborOne Bancorp by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,425,874 shares of the financial services provider's stock worth $29,596,000 after buying an additional 175,083 shares in the last quarter. Millennium Management LLC grew its holdings in shares of HarborOne Bancorp by 58.5% during the 4th quarter. Millennium Management LLC now owns 467,192 shares of the financial services provider's stock valued at $6,494,000 after purchasing an additional 172,368 shares during the last quarter. State Street Corp raised its position in HarborOne Bancorp by 10.3% in the 2nd quarter. State Street Corp now owns 1,395,259 shares of the financial services provider's stock worth $12,111,000 after purchasing an additional 130,019 shares during the period. Victory Capital Management Inc. lifted its stake in HarborOne Bancorp by 43.0% in the third quarter. Victory Capital Management Inc. now owns 257,325 shares of the financial services provider's stock worth $2,450,000 after purchasing an additional 77,338 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in HarborOne Bancorp by 32.0% in the first quarter. American Century Companies Inc. now owns 288,955 shares of the financial services provider's stock worth $3,517,000 after purchasing an additional 70,055 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HONE shares. StockNews.com downgraded HarborOne Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, January 31st. TheStreet downgraded HarborOne Bancorp from a "b" rating to a "c+" rating in a research report on Tuesday, January 30th.

HarborOne Bancorp Trading Up 1.4 %

Shares of NASDAQ:HONE traded up $0.13 during trading on Friday, reaching $9.44. 135,800 shares of the company traded hands, compared to its average volume of 176,239. The firm has a market capitalization of $426.40 million, a price-to-earnings ratio of 26.22 and a beta of 0.74. HarborOne Bancorp, Inc. has a 52-week low of $7.51 and a 52-week high of $12.44. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The business's fifty day moving average is $10.15 and its 200-day moving average is $10.65.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). The company had revenue of $38.60 million for the quarter, compared to analysts' expectations of $42.11 million. HarborOne Bancorp had a net margin of 5.62% and a return on equity of 4.54%. As a group, analysts forecast that HarborOne Bancorp, Inc. will post 0.6 EPS for the current year.

HarborOne Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Tuesday, April 9th. This is a positive change from HarborOne Bancorp's previous quarterly dividend of $0.08. HarborOne Bancorp's dividend payout ratio is 88.89%.

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.