PDT Partners LLC Acquires 22,503 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

PDT Partners LLC increased its stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 93.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,630 shares of the financial services provider's stock after buying an additional 22,503 shares during the period. PDT Partners LLC owned about 0.11% of HarborOne Bancorp worth $552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its stake in HarborOne Bancorp by 2.4% in the 4th 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 period. Dimensional Fund Advisors LP lifted its position in HarborOne Bancorp by 1.9% during 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 purchasing an additional 47,592 shares during the last quarter. Vanguard Group Inc. grew its stake in HarborOne Bancorp by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock worth $26,593,000 after buying an additional 75,328 shares in the last quarter. Northern Trust Corp increased its holdings in shares of HarborOne Bancorp by 5.7% in the 4th quarter. Northern Trust Corp now owns 364,935 shares of the financial services provider's stock worth $4,317,000 after buying an additional 19,600 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of HarborOne Bancorp by 1.0% during the 4th quarter. American Century Companies Inc. now owns 356,944 shares of the financial services provider's stock valued at $4,223,000 after buying an additional 3,688 shares in the last quarter. 65.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HONE shares. Seaport Res Ptn upgraded HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday, April 29th. Finally, StockNews.com assumed coverage on shares of HarborOne Bancorp in a report on Tuesday. They issued a "hold" rating for the company.

HarborOne Bancorp Stock Up 0.7 %

Shares of NASDAQ:HONE traded up $0.08 on Wednesday, hitting $11.49. 92,733 shares of the company traded hands, compared to its average volume of 191,440. HarborOne Bancorp, Inc. has a 52 week low of $8.89 and a 52 week high of $14.00. The stock has a 50 day simple moving average of $10.41 and a 200-day simple moving average of $11.63. The company has a market cap of $510.63 million, a PE ratio of 17.39 and a beta of 0.60. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $36.01 million. As a group, research analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

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

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.