PDT Partners LLC Increases Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

PDT Partners LLC increased its holdings in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 93.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,630 shares of the financial services provider's stock after acquiring an additional 22,503 shares during the quarter. PDT Partners LLC owned about 0.11% of HarborOne Bancorp worth $552,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HONE. T. Rowe Price Investment Management Inc. increased its position in HarborOne Bancorp by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock worth $67,350,000 after purchasing an additional 131,602 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of HarborOne Bancorp by 78.9% during the 4th quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider's stock worth $2,565,000 after buying an additional 95,659 shares during the last quarter. Vanguard Group Inc. raised its position 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 buying an additional 75,328 shares during the period. Dimensional Fund Advisors LP lifted its holdings in HarborOne Bancorp by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,592,784 shares of the financial services provider's stock valued at $30,673,000 after acquiring an additional 47,592 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in HarborOne Bancorp in the fourth quarter worth approximately $471,000. Hedge funds and other institutional investors own 65.01% of the company's stock.

HarborOne Bancorp Stock Performance

HarborOne Bancorp stock remained flat at $11.52 during trading on Monday. 381,234 shares of the company traded hands, compared to its average volume of 190,638. The stock has a market cap of $512.19 million, a PE ratio of 17.45 and a beta of 0.60. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. HarborOne Bancorp, Inc. has a 12-month low of $8.89 and a 12-month high of $14.00. The company has a fifty day simple moving average of $10.41 and a 200 day simple moving average of $11.64.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $41.36 million during the quarter, compared to analyst estimates of $36.01 million. As a group, analysts forecast that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, April 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. HarborOne Bancorp's dividend payout ratio is presently 50.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HONE. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. Seaport Res Ptn raised shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th.

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.